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Look Out For Lower Airfare Prices In April
According to CWT Solutions Group’s bi-monthly air trends report, April is looking like an excellent month for global air travel. Expect airline prices to drop during the month. Although there seemed to be a steep incline in prices during the first few months of the year, their report shows just over a 4 percent drop in global average ticket prices from February.
Unfortunately, for those budget-seeking travelers, it looks like fares will steadily increase through the rest of 2019. “We foresee a continued upward trend in the average ticket price through 2019,” said Christophe Renard, Vice President of CWT Solutions Group.
A few other notable trends from the report include an increase in the usage of online booking tools like Orbitz, Expedia, and Skyscanner, which is expected to surpass the 50 percent mark for the first time in the coming months.
The report also predicts that travelers will begin booking more last-minute flights in the coming months. According to MSN, year-end budget considerations and belt-tightening improved advance purchase behavior in December 2018, and that carried through January and February of this year. However, advance purchasing of airline tickets of more than two weeks are expected to drop to 43 percent in March and April.
“In order to keep a handle on costs, travel managers are advised to stress the importance of booking in advance, either as a message displayed on the online booking tools or through targeted communications to individual travelers,” said Christophe Renard.
It looks like April is going to be a great month for travel, so be sure to book those international trips well in advance and take advantage of the lower fares before they start to increase through the end of the year.