Air Monitor 2024: forecasts flattening air fares, Goodbye 2023, Hello 2024 and more...

Air Monitor 2024: forecasts flattening air fares
Tuesday, 19th December 2023

Airfares look set to stabilize across key routes around the world during 2024, Air Monitor 2024 expects marginal price rises, and some falls, on regional and international business travel routes.

Across all regions, airfare fluctuations reveal mixed trends – with a broad outlook of increased price stability in 2024. North America is expected to see minor changes in fares within the region (less than 1%) and to Europe (+0.3% business class, -2.5% economy), while airfares to Asia are projected to decline in 2024 >>

The Unbound Collection by Hyatt expands in Europe
19 Dec 2023 : The Unbound Collection by Hyatt Brand Debuts Hotel Flüela Davos, a Historic Luxury Hotel in the Heart of the Swiss Alps >>

São Paulo hotel ADR and RevPAR reached record highs
19 Dec 2023 : São Paulo’s hotel industry reported its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, helped by several notable events >>

WebBeds partners to increase the availability of eco-certified properties listed on its platforms
19 Dec 2023 : WebBeds has partnered with BeCause to provide WebBeds users with certified sustainability data on its hotel partners >>

HIGHLIGHT ARTICLE

Finding Hidden Cost Savings Using Actabl’s Integrated Hotel Platform
Tuesday, 19th December 2023

The start of the all-too-important annual tradition of budget planning for next year, and yet 2024 ‘s specific challenges have given the more heavily integrated hotel technologies a unique time to shine.

As we review the numbers thus far from 2023, operational and labor costs continue to edge up in lockstep with guest service expectations, and yet some of the latest projections show travel demand as normalizing at or slightly above current levels. This can lead to a scenario of stagnant growth and diminished net contributions >>

Goodbye 2023, Hello 2024: Travel Leaders Set Trends and Predictions (Part 2)
This is the second instalment, and Elon Musk and Africa seem to pop up quite a bit. As we enter the last weeks of 2023, we ask our community of travel leaders to share their reflections of the year and their outlook for the coming one in this series of trends and predictions for 2024 >>

In case you've missed it: Global eNews of December 18, 2023
International tourism is on track to recover almost 90% of pre-pandemic levels, MO announces second Japanese location and more >>