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Expected Tourism Trends of 2015

We have been writing about the methods of saving money for travelling and the prices of certain services. However, the holiday season of 2014 is almost over (travel season is not!). So what should you expect next year? Will the prices remain flat or are they going to skyrocket?

Carlson Wagonlit Travel (CWT) and Global Business Travel Association has recently done a bit more than thinking about the fares in 2015, and published the results of an extensive research, called The 2015 Global Travel Price Outlook [1], projecting the future of the travel sector in 2015, from which both businesses and clients may benefit.
There are four categories within the research for a more comprehensive comparison, air, hotel, ground and meeting&events.

tourism trends 2015

So let’s take a look at the near future of tourism together under the subtitles.

Global Travel and Tourism Spending in 2015

According to the report, global travel and tourism spending in 2015 is expected to rise by 8.6%, related to the rise of emerging markets like China, India and Brazil. However, a rise in the global travel and tourism spendings of the already strong economies is also expected in 2015.

Air Services

Through 2015, airfares are expected to increase by 2.2% thanks to the rising demand, favorable cost structures and slowly expanding capacity.

The report suggests that the airfare increase will be at its highest in Latin America (3.5%) and the lowest in Europe (1%).

Hotel Rooms

Thanks to the rising demand and the moderate expansion of room capacity, hotel prices are expected to increase by 2.6% globally.

Just like Air Services, Latin America is projected to lead the increase in hotel prices by 6.3%, while Europe will not be much affected by this increase (1%).

Ground Transportation

The fact that the second hand car prices are going lower and that the current suppliers of ground transportation are plenty, the prices in 2015 are expected to remain flat.
However, the prices in Latin America are expected to rise by 2%.

Meetings&Events

Although the amount of meetings and events are expected to increase in 2015, the cost per attendee per day is expected to plummet by 5% in Europe and the Middle East. On the other hand, the same variable in Latin America is projected to soar by 8.5% in 2015.

There report suggests that there will be more domestic meetings and shorter booking lead times in 2015, and mid-price hotels offering core meetings and events will be the most popular.

To view the full report, please visit click here.

References

1. http://www.carlsonwagonlit.com/export/sites/cwt/en/global/insights/global-forecast-2015/pdf/2015-CWT-GBTA-travel-forecast.pdf

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2015 Yılı Seyahat Sektörü Trendleri / Expected Tourism Trends of 2015
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2015 Yılı Seyahat Sektörü Trendleri / Expected Tourism Trends of 2015
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2015 Yılı Seyahat Sektörü Trendleri / Expected Tourism Trends of 2015
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