Europe sees mixed picture on prices this summer

European hotel prices are currently falling compared to the second quarter of this year, but they remain 8 percent higher than in the third quarter of 2023

Advito's Travel Price Index for Q3 2024, derived from predictive analytics based on future purchase data, shows a mixed performance for airfares across global regions.

Key Takeaways

• Transatlantic airfares: Advito found that the increase in transatlantic airfares between Europe and North America is "moderating" due to the full recovery of airline networks on these routes.
• Business Fares to Asia: Business airfares from Europe to Asia fell 8 percent, driven by reduced demand for flights between Germany and China.
• European hotel rates: Hotel prices in Europe are currently declining compared to the second quarter of this year, but remain 8 percent higher than the third quarter of 2023, with occupancy levels above last year's levels.
• Global hotel rate trends: Globally, hotel prices are expected to be 6 percent higher in Q3 compared to the same quarter last year.

Full story at Advito