According to American Express Global Business Travel in its latest forecast, airfares will increase “modestly” globally in 2013.
“At the same time, global economic uncertainty – particularly due to the fiscal crisis in Europe and deceleration of growth in China – is expected to curtail demand and keep rates in mature markets, as well as in China, relatively flat,” the forecast says.
“The performance of business travel across Asia Pacific in 2013 will vary country to country, but there are specific markets that will likely see moderate levels of growth including India and Australia,” said Dr Carl Jones, Head of American Express Advisory Services for the Asia Pacific region.
In the Asia Pacific region, market performance will vary in 2013:
Short Haul Economy: -1 to 4 per cent
Long Haul Economy: -1 to 4 per cent
Short Haul Business: 0 to 4 per cent
Long Haul Business: 0 to 4 per cent
25/10/12 Doug Nancarrow/Aviation Business
To Read the News in full at Source, Click the Headline
“At the same time, global economic uncertainty – particularly due to the fiscal crisis in Europe and deceleration of growth in China – is expected to curtail demand and keep rates in mature markets, as well as in China, relatively flat,” the forecast says.
“The performance of business travel across Asia Pacific in 2013 will vary country to country, but there are specific markets that will likely see moderate levels of growth including India and Australia,” said Dr Carl Jones, Head of American Express Advisory Services for the Asia Pacific region.
In the Asia Pacific region, market performance will vary in 2013:
Short Haul Economy: -1 to 4 per cent
Long Haul Economy: -1 to 4 per cent
Short Haul Business: 0 to 4 per cent
Long Haul Business: 0 to 4 per cent
25/10/12 Doug Nancarrow/Aviation Business
