Wednesday, July 19, 2017

Airfares in India projected to increase by 8.7% in 2018

Domestic demand is increasing, particularly in China and India, putting additional pricing pressure on key markets in both, according to the 2018 Global Travel Forecast report released by travel management company Carlson Wagonlit Travel and GBTA Foundation, the research arm of Global Business Travel Association. Asia Pacific is expected to see a 2.8% rise in airfares 2018, while airfares in India are projected to increase by 8.7% in 2018 (the biggest increase across all key markets in the APAC region).

According to the report, airlines in the region broadly are partnering with GDSs to display basic economy airfares and grow ancillary fee revenue, also resulting in a move away from manual bookings and toward consistency in fare displays. As the fastest-growing aviation market in the world, Beijing Capital and Hong Kong Airport have reached terminal capacity while Mumbai and New Delhi are expected to do the same in 2018 and 2021, respectively.
19/07/17 Economic Times