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Global airfares, hotel rates to rise in 2019

Updated : July 24, 2018 02:30 PM IST

In some countries, including India, New Zealand, Norway, Germany and Chile, airfares are expected to rise by more than 7 percent, said the annual business travel forecast from Carlson Wagonlit Travel (CWT) and the Global Business Travel Association (GBTA) released on Tuesday.
The International Air Transport Association in June forecast passenger yields, a proxy for airfares, would rise by 3.2 percent this year in the first increase since 2011 as a stronger global economy drives growth in demand.
Global airfares, hotel rates to rise in 2019
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