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DATABANK


COMPILED BY MOLLY DYSON in association with ASCENDING ACCOMMODATION


Travel and Transport forecasts significant increases in average daily rates at hotels


UP 6.5%


Europe, Middle East and Africa


UP 5.5% Asia Pacific


UP 3% North America STATIC Latin America SOURCE: TRAVEL AND TRANSPORT PARTNER SOLUTIONS GROUP 2019 TRAVEL FORECAST


OIL ON THE RISE


Oil prices took a


sharp upward turn in 2018, and the


ROOM FOR GROWTH


With meeting sizes growing, planners are less optimistic about an increase in available meetings space than hoteliers


Event planners predict


0.7% RISE 2.2% RISE


Hoteliers foresee


SOURCE: 2019 GLOBAL MEETINGS & EVENTS FORECAST, AMERICAN EXPRESS MEETINGS & EVENTS


PRICE HIKE


BCD Travel predicts air fares will rise by 1 per cent across the world in 2019, with a higher increase expected on European regional flights


38 JANUARY/FEBRUARY 2019 +1% -1%


THE MORE THE MERRIER


Meetings around the world are expected to be both bigger and longer in the next 12 months


Attendee numbers to rise to 2.4% +0.1% +2% 0% 0% SOURCE: BCD TRAVEL 2019 INDUSTRY FORECAST +2%


Meeting length to increase


+0.1% to 1.9%


SOURCE: 2019 GLOBAL MEETINGS & EVENTS FORECAST, AMERICAN EXPRESS MEETINGS & EVENTS +1%


increase is predicted to continue this year


Annual oil prices per barrel (US$)


$109 2014


$112 2013


2012


$99 2015


$54 2018


$44 2017


$52 2016


2019 outlook


$73 $75


SOURCE: BCD TRAVEL 2019 INDUSTRY FORECAST


buyingbusinesstravel.com


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