CheapOairÂ®, the flight-focused hybrid travel agency, has announced its travel trend predictions for 2018, the company said.
By analyzing year-over-year data, and taking factors into consideration such as the economy, demographics of travelers, airline trends, and more, CheapOair is anticipating some interesting travel developments for the New Year.
According to recent reports by the FAA1, industry revenue in 2017 is expected to finish out with about a 4% increase. CheapOair predicts that in 2018, the travel industry can expect to see even more growth that could approach 6%. With this growth and with travelers constantly looking for new ways to save money on airfare, fare unbundling will become more popular among both legacy and low cost carriers alike, giving travelers complete control over what benefits they are willing to pay for and omit, in order to find the cheapest prices for their flights.
Another trend that will continue to develop throughout 2018 is the rise of low-cost international travel, with International Basic Economy options. Three of the six legacy carriers have completed the implementation of Basic Economy on domestic routes which will continue to drive down market prices. Moving into 2018, some are expected to add these fares to international routes as well to compete with the rise of international low cost carriers.
CheapOair is a flight-focused, hybrid travel agency that enables consumers to book online, on mobile apps for iOS and Android, by phone or live chat.