Advito Releases 2015 Industry Forecast for Business Travel
Air travel demand will grow quickly in 2015, as the global economy improves, according to travel consultancy Advito’s annual Industry Forecast. In many regions, especially Asia and Europe, competition is also growing, largely from low-cost carriers (LCCs) on short-haul routes and Middle Eastern airlines in long-haul markets. Even where there’s no change in supply, airlines fear damaging business and consumer confidence by increasing fares too fast. Advito expects airfares to rise little more than inflation, and in some markets they may even stay flat or fall.