BCD projects lower fares, higher hotel rates in ‘complex’ 2024 outlook ...Middle East

Average airfares are set to decrease globally in 2024 as the recovery loses “upward momentum,” according to a new BCD Travel forecast, which also projects global hotel rates to increase from 2023 levels. It’s part of a 2024 global travel industry outlook that is “complex,” according to the travel management company’s Travel Market Report, released on Thursday (30 November). According to BCD Travel, the broad “uncertainty” shrouding its 2024 outlook — which includes geopolitical issues and “persistent” high interest rates — will have “direct implications” for air travel and pricing next year. Russia’s invasion of Ukraine, increased tensions over Taiwan and conflict in the Middle East hav

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BCD projects lower fares, higher hotel rates in ‘complex’ 2024 outlook ...Middle East

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