Airfare and Hotel

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At this year's GBTA Boston meeting we published the printed copy of our latest whitepaper Airfare and Hotel Rate Volatility:

At this year's GBTA Boston meeting we published the printed copy of our latest whitepaper Airfare and Hotel Rate Volatility: Dynamically pricing in the business travel market. The whitepaper was published on Monday in a news bulletin and now we are pleased to announce in our blogs that the full whitepaper is now available for downloading.

There are many important business issues in the document, among them: Please click here to view the full text of the full review. Our patent-pending technologies have helped companies cut over $80 million in flight and hotel reservations to date.

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Increasing Singaporean domestic air fares and hotel rates will increase in 2018.

Singapore's air fares are likely to rise by 3.9 per cent in 2018, thus surpassing the Asia-Pacific area. Hotel rates in the state are also likely to rise by 3.2 per cent as the hotel sector picks up speed again. Meanwhile, air fares in the Asia-Pacific by 2018 are projected to decrease by 2.8 per cent as hotel rates in the Asia-Pacific regions rise by 3.5 per cent.

Based on the Global Travelling Forecast's 4th yearly forecast, the growth will be driven by higher levels of domestic consumption from stronger domestic economies such as China and India. Among the contributory drivers to the price increases are more expensive fuels, tariff segments and new long-haul flights. Katrina Leung, ED of Messe Berlin, said in an interview with the Business Times that the great willingness to take part in air fares from newly industrializing countries and, to an increasing extent, from second- and third-tier towns is keeping them on the upswing.

Because of its excellent transport facilities, secure surroundings and excellent facilities, Singapore is particularly well suited to the meeting, incentives, travel, convention and exhibition (MICE) industries. Visit 300 of your colleagues at the 4. yearly MR&H in Athens, Greece to see some of the most exciting investments and developments in the Mediterranean. In the hotel sector, the slowdown in offer expansion in 2018 could help revitalise Singapore's hotel sector.

Vijay Natarajan, RHB analysis consultant, estimates that the number of guest rooms on the domestic hotel scene will grow by 5.9 per cent this year. For now, the surge could put additional pressures on guest room prices, but there are fewer guest rooms in the country's building pipelines this year. CDL and Horwath HTL estimate that the number of guest rooms will grow by 0.1 per cent in 2018 and by 2.2 per cent in 2019.

"Singapore is an established, high-volume hotel supply industry in relation to demand," Richard Johnson, executive vice president, CWT Solutions Group, Asia Pacific, said to Business Times. "Given that merger between hotel groups is taking place, the merger is likely to result in a decline in the level of competitively priced option prices typical of more fragmentary economies, thereby contributing to an increase in hotel prices in the overall hotel industry.

" Singapore Tourism Board estimates that guest room sales for the Singapore hotel sector fell by 2 per cent to around S1.06 billion from January to April, while mean guest room prices fell by 2.3 per cent to around 233 US dollars. The strongest decline was in the upper and mid-range hotel sector, where mean capacity utilisation across the sector rose by 1 per cent to 85 per cent.

Six per cent. This lower guest room price reduced RevPAR by 1.1 per cent to about S$199. Nonetheless, the number of in-bound travellers rose by 4.4 per cent to around 5.8 million between January and April as China became the country's most important visitor destination. Therefore, the Global Travel Forecast estimates that air fares will rise by 3.5 per cent next year, although carriers are adding 6 per cent due to higher crudes.

Worldwide hotel rates are also forecast to climb 3. In 2018, the hotel sector will have an annual turnover of 7 per cent on 31 December, although the real hotel output will differ depending on the respective markets. However, the study also forecast that cutting-edge techniques such as AI, block-chain and chat bots will affect the tourism sector in the near-term. In the hotel sector, the "more intelligent hotels" are increasing as hotel groups invest more in technological solutions.

Using the portable applications designed by hotel groups, visitors can now log in and out, close their guest room door and control their TV or climate control system from afar. Those hoteliers also use large amounts of information to adjust conveniences while increasing additional revenues and AI to work more effectively, Leung commented.