Sunday, September 16, 2018

Domestic airfares rise 7.5% ahead of Diwali, ticket prices to Goa soar 30%

Mumbai: Domestic airfares have jumped by 7.5 per cent year-on-year for Diwali holidays, compared to last year, as airlines cash in on holiday demand.
The highest increase of over 30 per cent is seen on the Delhi-Goa and the Mumbai-Goa routes for travel during the Diwali week in November, according to data compiled by booking portal Cleartrip. Other routes with a significant fare increase are Pune-Delhi and Delhi-Mumbai showing 19 per cent and 18 per cent rise, respectively. The average growth in fares across domestic network is 7.5 per cent.
Analysts expect holiday fares to inch up further closer to the travel dates, but airlines may still not be able to fully recover higher costs as fuel costs remain elevated.
Bookings are steady and expected to pick up closer to Diwali. “The final demand is not predictable yet but despite the higher pricing, demand being at same level (to last year) two months in advance is a good sign,” said Balu Ramachandran, head of air and distribution at Cleartrip.
16/09/18 Aneesh Phadnis/Business Standard

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