Thailand to witness airfare surge in 2018

Published on : Thursday, July 20, 2017

airplane-business-classThis week a global travel management firm said that Thailand can expect to witness the steepest airfare surge in 2018.


The airfare in this region is likely to rise by 6.6% that is quite above the 2.8% rise projected for Asia Pacific region in the year 2018, according to a survey conducted by CWT (Carlson Wagonlit Travel). With the rise in the price of crude oil, the global airfare prices are expected to rise by 3.5% and the airline capacity would be rising by about 6% during the same period.


CWT’s estimates reflect the recent trend of the lesser number of airfare reductions as noted by the International Air Transport Association (IATA).


Earlier, IATA had mentioned that the price of airfare in the initial quarter of 2017 had declined by 10%. After adjusting for inflation, the average airfare at the beginning of the second quarter was 6% lower than it was a year ago, as per this global airline body.


IATA predicts that the airfare in 2017 would be lowers as compared to that in last year.


The airfares in the Middle East, Africa and Europe are expected to keep soaring while the prices set to rise by 7.1% in Eastern Europe 5.5% in Western Europe.


Airfares in Europe would be further increased by the currency fluctuations here.


The rise in airfare would lead to a great increase in overall travel costs the following year up to about 4% in certain sectors, as per the version of CWT. Hotel prices are predicted to be 3.7% higher and the ground transport like buses, trains and taxis are expected to rise by 0.6% that is quite less than the 3% inflation forecast for 2018.



Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 02 WTM London 2018
  • 03 imexamerica 2018
  • 07 miltcongress 2018
  • 08 theleisureshow 18
  • 09 cibtm 2018
  • 09 Seatrade Cruise Med 2018
  • 10 ITE-HCMC 2018
  • 13 aite 2018
  • 15 TravelDaily TDC 18
  • 16 OTDYKH 2018
  • 17 Hotel Show dubai 18
  • 18 hospitalityqatar 18
  • 18 Hotel Management Asia Summit 2018
  • 18 thincindonesia 2018
  • 19 bricsaconsulting 2018
  • 20 CITE_TTW 2018
  • 20 europecongress 18
  • 20 sahicsouthamerica 2018
  • 21 bitmchina 2018
  • 22 Hotel Management Singapore Summit 18
  • 23 PTM 2018
  • 30 PATA


Get our toolbar!
Review on