The 2018 Industry Forecast by Advito predicts a mixed outlook for the global travel industry. Economy class fares for intercontinental travel are expected to stay flat or fall, with the biggest decreases for flights from Africa and the Southwest Pacific. Hotel rates are expected to increase by 2% to 4%, with demand outpacing supply in many markets. Airfares are expected to improve due to improving economic conditions and lower airfares in some markets, supporting strong global air travel demand. Business class fares are expected to rise by 1% in 2018, while regional economy fares should also increase by 1%. However, there will be no change in intercontinental economy fares. The report also highlights trends and 2017 forecast, regional ATP growth, advance booking, historical ADR by country, historical ADR - key cities, 2018Economy class ratio, and 2018 Industry Forecast © 2017 by Advito. All rights reserved.
