2020 Industry Forecast from BCD Travel Research & Innovation
Global Overview Airfares
Global Overview Hotel rates
Global Overview Economic outlook
Global Overview Oil prices
North America 2020 Industry Forecast from BCD Travel Research & Innovation
Airfares will increase by 1% in all main travel segments.
Hotel rates will climb by 2% to 4% in the U.S. and Canada, and by 0% to 2% in Mexico.
A slight softening in demand will cap meeting rate rises at 2%.
Competition will keep car rental rates static unless vehicle prices rise by more than 7.5%.
Middle East 2020 Industry Forecast from BCD Travel Research & Innovation
Steadily growing demand and rising costs will push up regional airfares by 1% to 2%, as long as the geopolitical situation does not deteriorate.
Changes in intercontinental fares will be limited to 0% to 1% as expansion by the big three Gulf carriers slows.
Hotel rates will rise by 1% to 3%, mainly in higher service properties. They will stay flat in the increasingly competitive mid-market sector.
Uber’s deal to buy Careem will create a dominant ride-hailing force in the Middle East.
Southwest Pacific 2020 Industry Forecast from BCD Travel Research & Innovation
Competition will push intercontinental fares down by 1%, while regional fares will be 1% higher.
Hotel rates will change by 0% to 2% in Australia and will go up by 4% to 6% in New Zealand.
Meetings rates will increase sharply in Sydney and Auckland.
Ride-hailing is popular, and travelers have a growing choice of operators.
Africa 2020 Industry Forecast from BCD Travel Research & Innovation
Airfares will rise by 1% to 2% on regional routes, with higher increases on flights between Africa’s fastest-growing economies.
Intercontinental fares will rise by 1% in business class but will be flat in economy.
Strong demand supports a 1% to 3% rise in hotel rates, even as many new hotels open.
Africa’s first high-speed rail service opened in Morocco. Egypt plans its own services by 2021.
Asia 2020 Industry Forecast from BCD Travel Research & Innovation
Intercontinental fares will rise by 1% for both business and economy travel.
Strong demand in major markets will drive regional fares up by 2% to 3%.
Although room supply is growing, strong demand will push up hotel rates by 2% to 4%.
High-speed rail is a popular alternative to air travel in China, but fares are rising to fund network expansion.
Europe 2020 Industry Forecast from BCD Travel Research & Innovation
Intercontinental airfares will rise by 1%, with regional business fares up 2%.
Low-cost competition will keep regional economy fares flat.
Hotel rates will increase by 1% to 3%, with higher rises in Ireland and Spain.
Strong demand will push meetings costs up by 3% to 4%.
High-speed rail is expanding in Germany and Spain.
Latin America 2020 Industry Forecast from BCD Travel Research & Innovation
Intercontinental fares will stay flat.
Regional fares will rise by 3% as demand recovers.
Domestic fares in Brazil will fall if a new airline fills the gap left by Avianca Brazil.
Hotel rates will rise by up to 3% in some markets but will fall by 2% in Argentina.
Although meetings demand is healthy, client focus on costs will keep rates flat.
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