Study: Airfare Prices Dropping This Year
Here is some encouraging news in the airline industry for passengers.
A new analysis by Expedia and Airlines Reporting Corporation says savings on air travel should continue through the year.
The report, Travel Check-Up: Air Travel Trends 2015, represents original analysis of a variety of travel data. Specifically, the report analyzes average ticket price fluctuations on key routes globally; travel demand and package growth savings opportunities globally; and the impact of foreign exchange on air travel and how long travelers are staying on vacation
For specific prices for the remainder of 2015, Expedia and ARC dug through the data to find some of the largest expected air ticket price declines across a selection of destinations. They include:
22 percent on airfare from Malaysia to Australia
22 percent on airfare from Italy to Portugal
17 percent on airfare from Brazil to the U.S.
17 percent on airfare from Spain to Thailand
16 percent on airfare from Germany to Portugal
16 percent on airfare from Japan to France
15 percent on airfare from the U.S. to Dubai
"An analysis of air industry data suggests that, with smart planning, the second half of this year will be an optimal time to explore the world," Greg Schulze, senior vice president Expedia Global Tour & Transport, said in a statement. "We work tirelessly to take data and put it at the fingertips of travelers in the form of actionable information that makes them confident to click, book, and go. Our ultimate goal is to help travelers feel informed and empowered to get past travel decision-making and move into travel moment-making."
"Travelers are benefiting as airlines modernize their fleets and add seats, resulting in lower average ticket prices, especially for North America and Europe," said Chuck Thackston, managing director of enterprise information management at ARC. "This additional capacity, plus other factors reported by Expedia such as length of stay and dynamic currency valuations, provides a great opportunity for travel deals this year."
Average fares for flights originating from North America and Europe have fallen two percent from last year.
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