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Asia Pacific region to witness biggest jump in travel costs next year

Posted in : Traveling

(added few years ago!)

According to a report in etravelblackboardasia.com, travelling in the Asia Pacific region is set to become more expensive as the region will witness the largest jump in travel costs next year. Both airfares and hotel rates are driving up the costs of travelling in the Asia Pacific region. This has been forecasted by a recent survey- the Global Business Travel Forecast, a report commissioned annually by American Express and produced by eXpert insights.

The survey forecasts that domestic Economy Class airfares can expect a boost of three-eight per cent within the Asia Pacific region, while on the other hand international Business Class airfares are expected to rise one-six per cent in 2010. Hotels, both mid-range and upper-range are likely to lift rates by one-six per cent in the next year. Global Business Travel Forecast also predicts that upper-range hotels will drop prices in every region in the world except for Asia Pacific. China, India, Japan and Singapore lead the charge in terms of domestic airfares with three-eight per cent growth.

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(added few years ago!) / 167 views