Industry findings indicate that November 2014 travel sales declined, though an estimated 98.6 million Americans will be traveling this holiday season. Additionally, an increase in air and hotel rates is expected in 2015.
Statistics point to a significant increase in road travel (91%), while air travel frequency since 2013 has barely changed (with only a 1% increase over the last year) during the holiday period.
Regardless of the predicted rise in air and hotel costs, visitors will continue to travel "down under" to view the ICC Cricket World Cup 2015, and prioritize easy-access accommodation over price.
Stat: Air and Hotel Rates Forecast to Rise in 2015
Air fares won't drop in line with falling oil prices in some regions, according to an analysis released by travel consultancy Advito. Growing demand should spark fare increases in North America and Europe, Advito predicts in an update to their annual Industry Forecast. Meanwhile, competition among low-cost carriers (LCCs) is steadily driving down fares in Asia, Africa and the Middle East.
Stat: 98.6 Million Americans to Travel This Holiday Season
Stat: 98.6 Million Americans to Travel This Holiday Season
Stat: November Agency Air Sales Down
ARC reports the consolidated dollar value of airline tickets sold by U.S.-based travel agencies increased 4.02 percent year-over-year in the first eleven months of 2014 compared to the same period last year, totaling $84.1 billion versus $80.9 billion in 2013. November 2014 sales were down 2.2 percent at $6.0 billion compared to November 2013 at $6.2 billion.
Ticket transactions through November 2014 increased 2.24 percent over the same period in 2013 to 136.5 million, ARC said. Year-to-date passenger segments increased 2.82 percent to 344.9 million, compared to 335.2 million in 2013.
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Stat: Top Easy-Access Hotels From ICC Cricket World Cup 2015 Stadiums
For the 2015 ICC World Cup (held in five Australian host cities this year), Think Hotels has released a guide to help visitors navigate between local hotels and the Stadium grounds where tournaments will take place.
