The Expedia group (NASDAQ: EXPE), in partnership with Airlines Reporting Corporation (ARC) and other organisations, today released a comprehensive study that analyses a rich set of global air travel data spotlighting air travel trends. The report Travel Check-Up: Air Travel Trends 2015 represents original analysis of a variety of travel data.
Specifically, the report analyses:
· Average ticket price fluctuations on key routes globally
· Travel demand and package growth savings opportunities globally
· The impact of foreign exchange on air travel and how long travellers are staying on holiday
In December 2014, Expedia and ARC analysed likely 2015 average ticket prices (ATPs) to many top travel destinations originating from North America, Europe and Asia-Pacific. On the whole, our predictions were spot-on. With prices adjusted for exchange rates, air ticket prices declined approximately 2 percent on average across North America and Europe, while prices decreased 7 percent for travellers originating in Asia-Pacific.
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 our favourite destinations.
When looking at specific prices for the remainder of 2015, for travellers originating in New Zealand, the report found air ticket prices are expected to remain flat or decrease slightly though there were some routes where travellers can make significant savings.
“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,” said Greg Schulze, senior vice president Expedia Global Tour & Transport. “We work tirelessly to take data and put it at the fingertips of travellers in the form of actionable information that makes them confident to click, book, and go. Our ultimate goal is to help travellers feel informed and empowered to get past travel decision-making and move into travel moment-making.”
“Travellers are benefiting as airlines modernise 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.”
This study reflects a partnership between ARC and Expedia teams and includes data for travel in more than 20 countries. The report also utilises data from other industry sources such as the International Air Transport Association (IATA), Diio Mi and the Airline Tariff Publishing Company (ATPCO).