TORONTO, June 22, 2015 /CNW/ - Expedia Canada, in partnership with Airlines Reporting Corporation (ARC) and other organizations, today released findings from a rich set of global air travel data spotlighting air travel trends. Specifically, the change in average ticket price fluctuations for global travellers as well as savings for Canadian travellers are identified in this release.
Average ticket price fluctuations on routes globally
In December 2014, Expedia globally and ARC analyzed likely 2015 average ticket prices (ATPs) to many top travel destinations originating from North America, Europe, and Asia-Pacific. On the whole, predictions were spot-on. With prices adjusted for exchange rates, air ticket prices declined approximately 2 percent on average across North America and Europe, while prices decreased 7 percent for travellers originating in Asia-Pacific.
For specific prices for the remainder of 2015, we dug through the data1 to find some of the largest expected air ticket price declines across a selection of destinations. Here's our view on the top 10 destinations to which travellers globally can find the best year over years savings on airfare in the coming months. For Canadians, travel to Spain ranked eighth on the list of top ten destinations where travellers from around the world can find great deals. Conversely, those travelling to Canada from the UK can experience a 12% decline in airfare prices versus the same time last year.
|Rank||Origin||Destination||2015 YoY ATP Forecast|
"An analysis of air industry data suggests that, with smart planning, the second half of this year can be an optimal time to explore the world" said Sean Shannon, Managing Director, Expedia brand in Canada. "We put considerable effort into arming Canadians with the most actionable information that makes them confident to click, book and go. Our ultimate goal is to help Canadians feel informed and empowered to get past travel decision-making and move into travel moment-making. It's what we've aimed to do for the last fifteen years since joining the travel space here in Canada."
"Travellers are benefiting as airlines modernize their fleets and add seats resulting in lower average ticket prices, especially for North America and Europe," adds Chuck Thackston, managing director of enterprise information management at ARC. "This additional capacity, plus other factors such as package savings as provided by Expedia.ca provide a great opportunity for travel this year."
Regardless of where travellers may want to go, capitalizing on this lower average ticket price by bundling a hotel, activity or car rental with your flight is a great way to enjoy major savings in our industry. Why do packages offer such terrific deals? By bundling, travel suppliers have more flexibility on the rate offered, so they are able to provide travellers great deals.
Savings Opportunities for Canadian Travellers
At any given time of the year, Canadians can save hundreds of dollars when bundling their flight purchase with a hotel across an assortment of global destinations. Here is a view of the top markets booked by Canadians and their corresponding savings2:
|Destination Market||Up to $ Saved (CDN)||Up to % Saved|
|Las Vegas, NV||$396||18%|
|New York, NY||$547||23%|
|Mexico - Cancun & Isla Mujeres||$1,393||27%|
|Mexico - Riviera Maya, Playa del Carmen & Tulum||$1,671||31%|
|Los Angeles, CA||$369||16%|
|Punta Cana, Dominican Republic||$2,166||40%|
|San Diego, CA||$552||19%|
|Mexico - Puerto Vallarta, Nuevo Vallarta & Riviera Nayarit||$1,105||23%|
As Canada's most-visited full-service online travel provider, Expedia.ca offers access to over 400 airlines, hundreds of thousands of hotels and countless activities and car rental options. To get the most of your summer vacation this year, book your flight and hotel together with Expedia.ca's Vacation Envy Sale to save up to 45% on destinations around the world, including some of the popular hot spots noted above.
This study reflects a partnership between ARC and the Expedia group and includes data for travel in more than 200 countries and territories. The report also utilizes data from other industry sources such as the International Air Transport Association (IATA), Diio Mi and the Airline Tariff Publishing Company (ATPCO).
Download a copy of the global Air Travel Check-Up: Air Travel Trends for the First Half of 2015 at the Expedia.ca Travel blog here.
About Expedia Canada
Expedia.ca is the nation's most-visited full-service online travel provider. To help Canadians plan and purchase travel, Expedia.ca offers the best combination of scheduled and charter flights, car and hotel reservations, vacation packages, destination activities, cruises, and travel insurance. Expedia customers are supported by customer support agents available 24 hours a day, seven days a week via a toll-free number and email response.
Expedia.ca is owned and operated by Expedia, Inc. Expedia, Expedia.ca and the Airplane logo are either registered trademarks or trademarks of Expedia, Inc. in the U.S. Other logos or product and company names mentioned herein may be the property of their respective owners. © 2015 Expedia, Inc. All rights reserved. CST: 2029030-5030
About Airlines Reporting Corporation (ARC) ARC powers the U.S.-based travel industry with premier business solutions, travel agency accreditation services, process and financial management tools, and powerful data analytics. In 2014, ARC settled $89.6 billion worth of carrier ticket transactions for more than 9,400 travel agencies with 13,000 points of sale. By providing world-class business services and products, ARC enables participating agencies and 200 carriers to focus on what's important—increasing their revenue. Established in 1984, ARC is headquartered in Arlington, Virginia. For more information, please visit www.arccorp.com.
1 These predictions are based upon supply-and-demand data from ARC and Diio Mi and they measure the change to June-September 2015 from June-September 2014.
2 *Savings based on all vacation package bookings with Flight + Hotel on Expedia.ca from 01/01/15 to 06/10/15, as compared to price of the same components booked separately. Savings will vary based on origin/destination, length of trip, stay dates and selected travel supplier(s).
Image with caption: "Expedia.ca (CNW Group/Expedia.ca)". Image available at: http://photos.newswire.ca/images/download/20150622_C9788_PHOTO_EN_43694.jpg
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