Intercontinental air fares to fall or stay flat in most regions as outlook for world economy is stable; oil price assumption holds at US $50 per barrel, finds update to Advito 2017 Industry Forecast

CHICAGO, December 13, 2016 – Advito’s first update to its annual forecast of key economic trends affecting the business travel industry finds that companies in North America , Africa and Asia can expect to pay slightly less for intercontinental business class air travel in 2017 than was projected just three months ago in the Advito…

Global hotel rates will climb while air fares remain flat in 2017; capacity driven by low fuel costs to offset increase in air demand, keeping ticket prices in check, projects Advito

CHICAGO, September 13, 2016 – Global air fares should remain flat while global hotel rates are expected to increase around the world by between  0% and 5% in 2017, according to travel consultancy Advito’s newly released 2017 Industry Forecast. Despite a modest rise in demand, savings from low fuel prices will sustain airline profitability even…

Traveler tracking, increased use of traveler apps and industry predictions in Advito’s June 2016 Industry Forecast Update

CHICAGO, June 14, 2016 – On-demand traveler tracking, continuous sourcing activities in lieu of an annual sourcing cycle and increased use of travel apps are among key corporate travel trends to watch, according to travel consultancy Advito’s June 2016 Industry Forecast Update. Other market findings in Advito’s June 2016 update include: Devaluation of currency poses…

Low oil prices, increased capacity keep airfares relatively flat

CHICAGO, Sept. 8, 2015 – Stable oil prices and increased capacity will keep airfares essentially flat in 2016, according to travel consultancy Advito’s just-released 2016 Industry Forecast. The supply increase ensures that air fares won’t rise in most markets, and may even go down in regions where competition is most intense. Airfares could rise or…

Lower oil prices and increased capacity keep airfares in check

CHICAGO, June 23, 2015 – Average economy airfares for both intercontinental and regional travel will fall in almost every region in 2015, according to travel consultancy Advito’s update to their annual Industry Forecast. Lower oil prices are encouraging airlines to grow capacity, but demand growth has not kept pace. Airlines have responded by making more lower…

Solid growth in air and hotel demand to continue in 2015

Advito publishes updated 2015 Industry Forecast CHICAGO, March 24, 2015 – Lower oil prices are providing a boost to economic activity and should encourage some airlines to grow capacity and keep fares in check, according to travel consultancy Advito’s update to their annual Industry Forecast. Some airlines in Asia have responded by eliminating fuel surcharges…