An overwhelming majority of respondents to our latest poll 97 have indicated that airline ticket prices for the upcoming tourist high season are higher than at this time last year.
Globally, the cost of air travel was expected to become significantly lower post-COVID, as airlines steadily rebuilt their capacities. Despite IATA data showing that total passenger capacity worldwide is now exceeding 2019 levels, and many international airlines posting record revenues, the sector has cited rising inflation, the high cost of jet fuel and stricter environmental regulations as reasons for rising operational costs. This is being pushed on to the consumer in the form of higher ticket prices.
Will the G20 Summit catalyse long-term MICE growth? As recently reported by Tourism Update , South Africas hosting of next years G20 Leaders Summit in November, together with a range of lead-up events, is expected to bring massive gains for hospitality, tourism and the broader economy.
The Department of International Relations and Cooperation said that R194 million 10.3million had been set aside for the country to host the Leaders Summit, with the money to be spent on venues, facilities, interpreters, catering, accommodation and ground transport.
Globally, the cost of air travel was expected to become significantly lower post-COVID, as airlines steadily rebuilt their capacities. Despite IATA data showing that total passenger capacity worldwide is now exceeding 2019 levels, and many international airlines posting record revenues, the sector has cited rising inflation, the high cost of jet fuel and stricter environmental regulations as reasons for rising operational costs. This is being pushed on to the consumer in the form of higher ticket prices.
Will the G20 Summit catalyse long-term MICE growth? As recently reported by Tourism Update , South Africas hosting of next years G20 Leaders Summit in November, together with a range of lead-up events, is expected to bring massive gains for hospitality, tourism and the broader economy.
The Department of International Relations and Cooperation said that R194 million 10.3million had been set aside for the country to host the Leaders Summit, with the money to be spent on venues, facilities, interpreters, catering, accommodation and ground transport.
