Hotel News

Air & Hotel Rate Outlook for 2020, Region by Region: Business Travel News

Global hotel rates will rise modestly in 2020 compared with previous
years, by 1.3 percent, according to CWT’s 2020 Global Travel Forecast, as supply
growth is likely to continue to outpace demand growth in 2020. Global airfares
are expected to rise by 1.5 percent. Load factors are likely to fall somewhat
from current levels while low-cost carriers will continue to put downward
pressure on fares.



CWT warned travel buyers to keep an eye on international crude
oil disputes, which could disrupt oil flows. In particular, the U.S. has
implemented sanctions against Iran, and China…

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