Travel Price Increases to Remain Moderate in 2016 but Expectations Differ Significantly from One Market to the Next
July 30th, 2015 |
The annual GBTA/CWT Travel Price Forecast projects:
- Global hotel prices will rise +2.5% in 2016
- Global airfares are set to increase only +0.5% in 2016
- Global ground transportation costs are forecasted to rise by only 0.1% in 2016
The forecast, conducted by Rockport Analytics projects air, hotel, ground and meetings and events prices by country and region across key market segments. While price increases will be relatively tame across all three categories on a global basis, increases will differ significantly from one country to the next based on individual market dynamics. Markets expected to experience stronger price growth than most in 2016 include India, China, Colombia, Mexico, Singapore and Australia. Learn more.