2015 Mid-Year Air Travel Trends
2015 Mid-Year Air Travel Trends:
Expedia and Airlines Reporting Corporation Release Global Report Detailing Air Travel Trends and Pricing for Coming Months
AUCKLAND, June 25, 2015 – 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 reportTravel 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
Average ticket price fluctuations on key routes globally
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. Here’s our view on the top 10 destinations to which travellers can find the best deals.
|Rank||Origin||Destination||2015 YoY ATP Forecast|
Average ticket price fluctuations on key routes locally
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.
|Rank||Origin||Destination||2015 YoY ATP Forecast|
“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).
Download a copy of Air Travel Check-Up: Air Travel Trends for the First Half of 2015 at the Expedia® Viewfinder Travel blog here.
About the Expedia group
The Expedia group (NASDAQ: EXPE) is one of the world’s leading travel companies, with an extensive brand portfolio that includes leading online travel brands, such as:
• Expedia.com®, a leading full service
online travel agency with localized sites in 31
• Hotels.com®, the hotel specialist with localized sites in more than 60 countries
• Hotwire®, a leading discount travel site that offers opaque deals in 12 countries throughout North America, Europe and Asia
• Travelocity®, a pioneer in online travel and a leading online travel agency in the US and Canada
• Egencia®, a leading corporate travel management company
• Venere.com™, the online hotel reservation specialist in Europe
• trivago®, a leading online hotel metasearch company with sites in 51 countries
• Wotif Group, a leading operator of travel brands in the Asia-Pacific region, including Wotif.com ®, lastminute.com.au®, travel.com.au, Asia Web Direct®, LateStays.com and GoDo.com.au
• Expedia Local Expert®, a provider of
online and in-market concierge services, activities,
experiences and ground transportation in hundreds of
• Classic Vacations®, a top luxury travel specialist
• Expedia® CruiseShipCenters®, a provider of exceptional value and expert advice for travelers booking cruises and vacations through its network of 180 franchise locations across North America
• CarRentals.com™, the premier car rental booking company on the web
The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers, and provides advertisers the opportunity to reach a highly valuable audience of in-market consumers through Expedia® Media Solutions. Expedia also powers bookings for some of the world’s leading airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates through Expedia® Affiliate Network. For corporate and industry news and views, visit us at www.expediainc.com or follow us on Twitter @expediainc.
Trademarks and logos are the property of their respective owners. © 2015 Expedia, Inc. All rights reserved. CST: 2029030-50
Reporting Corporation (ARC)
ARC powers the U.S.-based travel industry with premier business solutions, travel agency accreditation services, process and financial management tools, and powerful data analytics. In 2014, ARC settled $89.6 billion worth of carrier ticket transactions for more than 9,400 travel agencies with 13,000 points of sale. By providing world-class business services and products, ARC enables participating agencies and 200 carriers to focus on what's important—increasing their revenue. Established in 1984, ARC is headquartered in Arlington, Virginia. For more information, please visit www.arccorp.com.