Travel consultancy Advito has released new research forecasting a slight increase in airfares in North America and Europe for 2015, as well as an increase in hotel rates. In comparison, a slight decrease in airfares is predicted for the Asia-Pacific and African regions, largely driven by competition among low-cost carriers. Economic recovery is pushing hotel rates higher in North America, Africa and Europe, but rate outlooks are lower in the Middle East due to the growing number of suppliers there, and in the Southwest Pacific, where demand has not met expectations. While the global economy is slowly improving, a sharp change in the fortunes of key emerging markets, like China and Russia could disrupt the broadly stable global outlook. Click here to find out more.

Via Tourism Australia