ETW STAFF – New Delhi
Airfares in India across domestic and international travel saw an overall price rise of nine per cent quarter-on-quarter (QoQ), with domestic fares within India witnessing a considerable increase of 29 per cent. Fares from India to the EMEA region as well as Intra-Asia Pacific fares saw a five per cent increase, according to the latest American Express Business Travel Monitor, while fares to the Americas overall saw a marginal increase of two per cent.
Sandeep Shastri, VP and GM, Global Business Travel, American Express India said, “The increase in travel demands, steady increase in inflation, reduction in capacity and flight network disruptions leading to reduced supply in the market, are some of the contributing factors for the increase in airfares. We believe the environment will continue to remain dynamic, and to stabilize expenses on business travel, companies should look at cost-effective travel programs and execute multi-year contracts with key domestic and international carriers. As the sharp rise in airfares continues to add extra pressure on company expense, there is need for greater compliance as well as transparency in managing travel expenses.”
Meanwhile, Asia-Pacific region witnessed an overall increase of three per cent in the airfares across all categories. Domestic airfares saw a five per cent price increase in the second quarter of 2012 compared with other tracked fares in the Asia Pacific region, according to the Monitor.