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129. Global Hotel Rates and Airfares to Increase in 2020
According to BCD Travels 2020 Industry Forecast, global hotel rates will increase by 1% to 3% and airfares by 1% to 2% in 2020. The rate increases will be higher in Asia - particularly Japan, host of the 2020 Summer Olympics, and Vietnam, where both leisure and business travel demand is strong.
130. Boeing Forecasts Africas Airlines to Need 1,030 New Airplanes by 2040
Boeing has forecast that Africas airlines will require 1,030 new airplanes by 2040 valued at $160 billion and aftermarket services such as manufacturing and repair worth $235 billion. The projection is part of Boeings 2021 Commercial Market Outlook (CMO), the companys long-term assessment of demand for commercial airplanes and services. Published by on 22 Octo
131. Latin America and Caribbean to Need 2,677 New Aircraft by 2036
According to the latest Airbus Global Market Forecast, Latin America and the Caribbean will need 2,677 new passenger and freighter aircraft from 2017-2036 to meet rising demand. Valued at US$352 billion, this demand accounts for 2,084 single-aisle and 593 twin-aisle and very large aircraft.
132. IATA Expects 7.8 Billion Passengers to Travel by Air in 2036; APAC Biggest Driver of Demand
IATA expects 7.8 billion passengers to travel in 2036, a near doubling of the 4 billion air travelers expected to fly this year. The prediction is based on a 3.6% average Compound Annual Growth Rate (CAGR) noted in the release of the latest update to the associations 20-Year Air Passenger Forecast.
133. Asia Pacific to Account for 41% of Travel
Asia Pacific to Account for 41% of Travel. Boeing forecasts that over the next 20 years, Southeast Asias airlines will require more that 2,100 new airplanes valued at approximately US$330 billion. Boeing Commercial Airplanes Vice President of Marketing Randy Tinseth shared the companys market data and forecast on Tuesday at a media conference in Bangkok focused on the global and
134. MasterCard Worldwide Index of Travel Highlights for Taiwan, Thailand and Vietnam
MasterCard Worldwide Index of Travel Highlights for Taiwan, Thailand and Vietnam. Below are the MasterCard Worldwide Index of Travel - First Half 2008 Market Specific Highlights. To get the full picture however, it is important to view them in conjunction with the main page, entitled: Steady Growth in Outbound Asia Pacific Travel Forecast Despite Economic Uncertainty. Due to the am
135. STR and Tourism Economics Forecast Rise in ADR, OR, and RevPAR for US Hotel Industry
For 2016, the U.S. hotel industry is predicted to report a 0.6% increase in occupancy to 65.9%, a 4.4% rise in ADR to US$125.30 and a 5.0% increase in RevPAR to US$82.60. During that same period, demand growth (+2.3%) is expected to outweigh supply growth (+1.7%).
136. North America to Need 5,901 New Passenger Aircraft in Next 20 Years
According to the recently released Airbus Global Market Forecast (GMF), the U.S. and Canada will require 5,901 new passenger aircraft of more than 100 seats between today and 2030. In that same time period, there will be a need for 414 new freighter aircraft. This total of 6,315 new aircraft deliveries has an estimated value of $648 billion.

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