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…