Updated on Thursday, November 05, 2009, 00:05 IST Tags:Airfares

New Delhi: The airfares will rise by up to eight per cent in India next year on expectations of growth in positive sentiment in the Asia Pacific region, says an American Express Global Business Travel Forecast report.

While the fares for domestic air-travel will increase between 3 and 8 per cent, the air-ticket prices will rise between 1 and 6 per cent in 2010, according to the forecast.

Hotel tariff too will go up between 1 and 6 per cent next year, it added.

The report said the cost of travel throughout the Asia Pacific will experience the largest increase globally in 2010.

The increase in airfares and hotel rates would be due to expectations of increases positive trends in the Asia Pacific region.

The Forecast was produced by eXpert insights, a newly created research practice of American Express Business Travel’s Global Advisory Services.

Bureau Report