Why airfares are forecast to increase despite a softening global economy
Average ticket price (ATP) for air is forecast to increase by 2% globally in February, despite what many economists predict will be a softer global economy heading into 2019. Between anxiety over trade wars, a chaotic Brexit negotiation, and jittery markets, the global economy is expected to decelerate, but, the key is, it will remain above trend, which is helping to shield prices.
Sydney Domestic Airfares to Most Capital Cities Up More Than 5%, Hotel Rates Also Climb: CWT/CAPA Report
Airfares on several key routes from Sydney continue their relatively steep rise as the fare wars seen a few years ago subside into the background and the major airlines focus on profitability. Meanwhile, hotel occupancy in the city remains well over 80%, resulting in an increase in average daily rates (ADRs) and last room availability (LRA) rates.
Perth International Airfares Continue to Rise, While Hotel Occupancy and Rates Fall: CWT/CAPA Report
Airfares on key business routes from Perth have been increasing. Meanwhile, hotel occupancy and average daily rates (ADRs) in the Australian city continue to fall. These findings are published in the latest Business Travel Pulse report produced by CWT Solutions Group and CAPA – Centre for Aviation.
Melbourne airfares soar in Q1 2018, hotel occupancy/rates also rise: CWT/CAPA Report
CWT Solutions Group and CAPA – Centre for Aviation have published the latest edition of their Business Travel Pulse report, focusing on Melbourne, Australia. The report highlights that airfares on key domestic and international business routes from Melbourne have been rising sharply. At the same time, hotel occupancy and rates in the city have also increased, owing to strong demand.