Mumbai: With India’s strong economic growth fueling demand for business travel, airfares, hotel rates and ground transport prices are expected to increase in 2020, according to a report.
While airfare is likely to grow by 5 per cent (in Rupees terms) the hotel rates and ground transport prices are likely to climb up by 6.8 per cent and 4.5 per cent (USD terms), respectively, according to the sixth annual Global Travel Forecast published by CWT and GBTA (the Global Business Travel Association) on Wednesday.
“Earlier this year we saw a spike in airfares after Jet Airways ceased its operations in April, so we’re already at a high base in 2019,” Business-to-Business-for-Employees travel management platform CWT, India, CEO Vishal Sinha said quoting the Forecast.
