Airfares of India show no signs of slowing

Despite recent volatility in global share markets, airfares in the Asia-Pacific region are continuing their steady trend upwards according to the most recent American Express Business Travel Monitor. Airfares within the region are up 3 percent in the second quarter of 2011, and 4 percent higher compared to the same period in 2011.
Mr. Sandeep Shastri, Vice President and General Manager of Global Business Travel in India said “In global aviation market, India is a high growth and high potential market for travel because the economy is growing on the back of a strong internal demand and rising middle class. We are witnessing a double digit growth in travel spending and frequencies among some of our clients in the region and in India. Indian companies are growing and traveling, making it important for them to look at a strategic management of their business travel and not only focus on LCC strategy for their business travel program.”
02/09/11 India Infoline

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Categories: Indian Aviation- In General Sep 2011