Advito’s 2018 Industry Forecast predicts rise in hotel rates and stable airfares; showcases emerging travel trends

CHICAGO, September 12, 2017 – Advito’s 2018 Industry Forecast predicts a modest rise in global hotel rates and increased air travel that will have minimal impact on airfare prices, except in markets where demand is greatest. The annual review also highlights a growing problem related to lack of hotel availability at preferred rates, ongoing issues…

Advito: companies and suppliers are getting creative about driving more value from their relationships; airfares to increase slightly while hotel prices remain steady

CHICAGO, June 27, 2017 – In a move that runs counter-intuitive to the traditional approach to corporate travel management, travel consultancy Advito is building a business case for focusing on traveler engagement. Advito discusses the approach in its June Update to the 2017 Industry Forecast, which includes supply, demand and pricing trends for air, hotel,…

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…

Advito: Oil surplus to continue suppressing air prices; virtual collaboration, ‘alternative’ payment, on-demand services are topics to watch

CHICAGO, March 8, 2016 – Advito’s latest update to its forecast of key economic trends affecting the travel industry finds reason to expect most airfares and hotel room prices globally will remain flat or decline in 2016. The global business travel consultancy provides forecasts in seven major regions for regional and intercontinental flights in business…

Rise in global hotel rates outpacing expectations, U.S. hotels continue relying on added fees in 2016, finds update to Advito 2016 Industry Forecast

CHICAGO, December 8, 2015, – Corporate travel departments should expect to pay more for hotels in 2016 than was projected just three months ago, according to analysts at global business travel consultancy, Advito. Rates in five of seven regions are now expected to climb faster than projections from September indicated — with increased estimates in…

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…