Travel Industry Forecast Predicts Rise in Hotel Rates and Stable Airfares

Advito’s 2018 Industry Forecast predicts a modest rise in global hotel rates and increased air travel that will have minimal impact on airfare prices, except in markets where demand is greatest. The annual review also highlights a growing problem related to lack of hotel availability at preferred rates, ongoing issues with traveler security and risk, as well as emerging challenges related to New Distribution Capability (NDC) standards.