Expedia, in partnership with the Airlines Reporting Corporation (ARC), has released a new white paper, Preparing for Take-Off: Air Travel Trends 2015, which analyses a comprehensive set of global air travel data showcasing findings for travellers and those in the airline industry.
This report represents analysis by Expedia, Inc.’s own data and data provided by Airlines Reporting Corporation, as well as other credible industry sources.
Analysis of flight data shows increased demand is met with increased capacity in such a way that these two factors largely cancel each other out across most destinations.
Paired with a decline in fuel prices, though, consumers should see slightly lower air ticket prices from most North American and European destinations in 2015.
Locally in Australia, moderate growth in international and domestic travel likely will result in airfares dropping at lower rates when compared with previous years.
Internationally, and most notably in Europe, the rising trend of low cost airlines continues to drive ticket prices lower due in part to the unbundling of services, thus prompting some of the legacy carriers to follow suit.
Booking a package deal almost always will yield greater savings, the report suggests to be sure to look at air tickets purchased as part of a package that includes hotel and other travel services, such as rental car and/or activities.
Locally, premium class bookings in APAC have grown tremendously in the last few years, practically doubling to about 11 percent of the total since 2013.