In addition to a deep dive on traveler engagement, the Industry Forecast Update offers Advito’s analysis of the latest pricing trends for air and hotels:
- Global air traffic grew at 7% year-over-year during the first quarter of 2017, and fares could slowly rise in the second half of the year.
- In an effort to improve passenger loyalty, airlines are beginning to introduce corporate recognition programs that apply to all of a company’s traveling employees. Benefits can include higher priority when boarding, protection from offloading on over-booked flights and priority rebooking following disruption.
- The global hotel outlook remains unchanged since Advito’s original 2017 Industry Forecast, released last September.