AIRFARES ARE RISING FASTER THAN FORECAST

airfares are slowly climbing in markets with the strongest demand, according to BCD'S update to its 2018 Industry Forecast. The travel management company says fares have risen more than originally predicted in some markets due to the improved economic outlook and rising oil prices.

“Intercontinental economy airfares will increase slightly more than our original forecast as the global economy continues to strengthen,” says Charuta Fadnis, BCD Travel’s senior director of research and analytics.