Mining again drives airfare rise

Mining again drives airfare rise
By admin

The resources sector will continue to edge up hotel rates and airfares in 2013, but the overall global outlook is tempered by ongoing economic uncertainty, a new report has predicted.

The American Express Global Business Travel Forecast outlined only modest global growth.

However, Dr Carl Jones, head of American Express advisory services for Asia Pacific, highlighted Australia and India as among the countries that would see “moderate levels of growth”.

The resources sector will contribute to growth in the mid single digits in Australia, above the Asia Pacific average of -1% to 4% for economy fares, and 0% to 4% for business fares.

“Australia’s domestic market is very competitive, but demand from the natural resources sector is expected to support moderate rate increase for airfares,” Jones said.

The mining sector was also expected to “sustain hotel rate increases” within Australia, particularly in resource rich regions.

The report projected hotel growth across Asia Pacific of between 0% and 4% for mid-range hotels, and between 2% and 7% for upper-range properties.

Email the Travel Weekly team at

Latest News