Expedia, in partnership with the Airlines Reporting Corporation (ARC), has released a new white paper, Preparing for Take-Off: Air Travel Trends 2015, that analyzes a comprehensive set of global air travel data showcasing findings for travelers and those in the airline industry. This report represents analysis by Expedia, Inc.’s own data and data provided by Airlines Reporting Corporation, as well as other credible industry sources.
Specifically, Preparing for Take-Off: Air Travel Trends 2015 analyzes:
- Potential price changes in airfare globally for 2015
- The best time to buy airline tickets, based on historical averages
- Differentiating value between economy and premium class tickets
“The combination of increased demand met by with increased capacity, coupled with lower fuel prices means one thing: It’s good to be a traveler in 2015,” said Greg Schulze, senior vice president, Global Tour & Transport, Expedia, Inc. “Our intent is that travel hacks coming straight from the Expedia air team, such as booking your hotel and flight together as a package to save money, will help make sure travelers know when to book, how to buy, and where to go.”
Flight prices to expect in 2015
Analysis of flight data reported in Preparing for Take Off shows increased demand is met with increased capacity in such a way that these two factors largely cancel each other out across most destinations. Paired with a decline in fuel prices, though, and consumers should see slightly lower air ticket prices to most North American and European destinations in 2015.
That said, in the APAC market, due to increased demand from travelers and a limited supply on the carrier side, travelers should expect a rise in ticket prices in 2015.
Internationally, and most notably in Europe, the rising trend of low cost airlines continues to drive ticket prices lower due in part to the unbundling of services, thus prompting some of the legacy carriers to follow suit.