HO­TEL AND AIR PRICES SET TO RISE IN 2019

The Business Travel Magazine - - The Review -

Travel prices are ex­pected to rise in 2019, with ho­tel rates go­ing up 3.7% world­wide, and flights 2.6%, driven by a grow­ing global econ­omy and rising oil prices.

The find­ings are ac­cord­ing to the fifth an­nual Global Travel Fore­cast pub­lished by GBTA and CWT. The re­port pre­dicts the in­tro­duc­tion of ul­tra-long-haul flights and com­pe­ti­tion from low-cost car­ri­ers, while rising oil prices could see air­fare shoot up.

The ho­tel rate in­creases are driven by the over­all in­crease in air travel which fu­els de­mand for rooms (see page 83).

The re­port also says tech­nol­ogy will play an im­por­tant part as ho­tels are in­tro­duc­ing new de­vel­op­ments to per­son­alise guest ex­pe­ri­ences.

When it comes to ground trans­porta­tion, pric­ing is only ex­pected to rise by 0.6% in North Amer­ica, but by 2% in the UK, while re­main­ing flat else­where across the world.

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