Travel prices are expected to rise sharply in 2019, with hotels going up 3.7%, and flights 2.6%, driven by a growing global economy and rising oil prices, according to the fifth annual Global Travel Forecast, published by GBTA and CWT with the support of the Carlson Family Foundation.
Asia Pacific expects to see a 3.2% rise in 2019 pricing. Chinese demand remains high and by 2020 the country is expected to become the world’s biggest air travel market. In 2019, the country’s flights are seen going up 3.9%, but China will not be alone. The vast majority of countries in the region will see price increases, especially in markets like New Zealand (7.5%) and India (7.3%). The latter is expected to be the world’s largest aviation market by 2025, with airports operating beyond capacity.
The only exception in this booming region is Japan. Prices there will likely drop 3.9% due to the country’s added capacity in preparation for the Olympic Games in 2020
The Middle House Hotel Shanghai
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