The Rise of the Emerging Market Traveler Sponsored This content is created collaboratively with one of our sponsors.
Despite stalled growth in China, Brazil and Russia, a wave of newly middle-class travelers from the BRICs and beyond will start visiting international destinations in the coming decades — dwarfing the numbers we’ve seen thus far.
Experts say this is the most consumer friendly DOT to date, but its efforts to increase fare transparency won’t stop the industry from looking for little ways to boost their bottom line at the cost of their passengers.
The carriers are attempting to hike more than 1 million fares across their system, reports Rick Seaney, airfare analyst and CEO of FareCompare.com. The increase is between $2 and $5 each way.
There were seven attempted domestic airfare hikes in 2012 and that number will likely grow slightly this year, which should raise ticket prices about 7 percent or so, Seaney said.