Do you know global travel costs include airline and hotel costs expected to rise in next year?

Do you know global travel costs include airline and hotel costs expected to rise in next year?

With 2017 just about finished, I sat down today and realized that I didn’t travel this year nearly as much as I would have liked. I managed a few small domestic trips that were wonderful, but for 2018 I’m looking again at international travel. I haven’t decided where I want to go specifically, but I do know that I want to make use of my passport again. I’m torn between traveling to see friends or roping some friends into traveling with me.

Unfortunately, I read a recent report from a travel management company that according to the “2018 Global Travel Forecast,” travel prices are expected to rise sharply in the coming year, reaching nearly 4 percent increases in some sectors.

Costs of travel are going to go by 3.5% for international flights and 3.7% for hotels. Even prices for taxis are expected to go up by 1.6%. In the United States, costs of travel are expected to increase by 2.5%– even domestic taxis, gas, and public transportation are expected to go up by .6%.
This is because of two reasons: Demand, fuel prices and inflation. And the fact that the stronger global economy is making luxury items like travel more expensive overall. I guess that’s four things. There is some good news though—the prices are not rising in every region, and if you’re like me and love to travel on a budget (I like taking longer trips at a lower cost, than a shorter trip for high costs), then a bit of research before you book will go a long way.


For example, even though prices for traveling domestically in China and India are going up, and Eastern Europe is getting more expensive this year because of the World Cup being held in Russia next year, Western Europe won’t see as many price increases—even though the hotels in Europe are expected to go up 11.9% for a nice hotel.
If you don’t want to mess up your budget, try looking at areas that won’t be as impacted by tourism increases or demand this year, and you’ll still manage a great trip at lower costs than other regions.

Based on Lonely Planet – the largest travel guide book publisher in the world, what I did find was Lonely Planet’s top cities for 2018 which is a good start to coming up with a travel list. When I first started traveling, Lonely Planet was my bible—it told me everything I needed to know about where I was going, and gave me the breakdown on pricing costs, cultural information, and helped with itinerary planning. I still make sure I have a Lonely Planet anytime I leave for a trip, and refer to it often when I’m exploring new places. If you want to look for more information about Lonely Planet’s top cities for 2018 that I mentioned above you can read my previous post: Top 10 Cities to visit in 2018

I admit that this news does change my travel plans a bit—I was looking forward to a holiday in Europe, but now it looks like I’ll need more research before I decide where I’ll be going.
What about you? Does this news impact any of your travel plans for the coming year?

 

Author

Amy Nguyen

Amy Nguyen

I feel happy to share my experiences with you about Travel - Food - Life around the world. I hope to inspire you to Live-Love- Laugh :)

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