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…

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…