A combination of the Iran war and India’s reliance on imported fuel is shutting down hotel kitchens and train galleys while sending up airline ticket prices.
Geopolitical uncertainties are singled out in the latest Global Business Travel Forecast, which underscores the volatility the corporate travel industry is experiencing, and perhaps the pointlessness of trying to predict prices in the first place.
The dramatic run up in oil prices since Russia's invasion of Ukraine in February has claimed a new record: the highest-ever average April fuel price for U.S. airlines since record…
Tour operators will try to avoid adding fuel surcharges to their trips for as long as possible. They're aware that making their trips more expensive could put a dent in their recovery because consumers will only tolerate higher prices to a certain extent.
Despite higher fuel costs, the first major land war in Europe since World War II, and the lingering pandemic, Air France CEO Anne Rigail remains optimistic about summer travel demand. In fact, the airline plans to fly more flights to North America, Africa, the Caribbean, and the Indian Ocean than it did in 2019.