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.
Check out the full 2020 Industry Forecast to obtain detailed supply, demand and pricing projections and deep insights.