{"id":18062,"date":"2014-12-09T19:00:00","date_gmt":"2014-12-09T19:00:00","guid":{"rendered":"https:\/\/www.expedia.com\/stories\/?p=18062"},"modified":"2021-10-28T16:46:40","modified_gmt":"2021-10-28T16:46:40","slug":"expedia-releases-report-with-2015-flight-predictions","status":"publish","type":"post","link":"https:\/\/www.expedia.com\/stories\/expedia-releases-report-with-2015-flight-predictions\/","title":{"rendered":"Expedia Releases Report with 2015 Flight Predictions"},"content":{"rendered":"<p><em>Travelers Can Expect Lower Flight Prices for North America and Europe in 2015; Fare Gap between Premium and Economy Seats Shrinking; Data Reveals Tricks for Cheaper Flights<\/em><\/p>\n<\/p>\n<p>BELLEVUE, Wash., Dec. 9, 2014 \u2013 Expedia, Inc. (NASDAQ: EXPE), in partnership with the Airlines Reporting Corporation (ARC), today released a new white paper, <em>Preparing for Takeoff: Air Travel Trends 2015<\/em>, that analyzes a comprehensive set of global air travel data showcasing findings for travelers and those in the airline industry. This report represents analysis by Expedia, Inc.\u2019s own data and data provided by Airlines Reporting Corporation, as well as other credible industry sources.<\/p>\n<\/p>\n<p>Specifically, <em>Preparing for Takeoff: Air Travel Trends 2015<\/em> analyzes:<\/p>\n<\/p>\n<ul>\n<li>Potential price changes in airfare globally for 2015<\/li>\n<li>The best time to buy airline tickets, based on historical averages<\/li>\n<li>Differentiating value between economy and premium class tickets<\/li>\n<\/ul>\n<\/p>\n<p>\u201cThe combination of increased demand met by with increased capacity, coupled with lower fuel prices means one thing: It\u2019s good to be a traveler in 2015,\u201d said Greg Schulze, senior vice president, Global Tour &#038; Transport, Expedia, Inc. \u201cOur intent is that travel hacks coming straight from the Expedia air team, such as booking your hotel and flight together as a package to save money, will help make sure travelers know when to book, how to buy, and where to go.\u201d<\/p>\n<\/p>\n<p><em>Preparing for Takeoff: Air Travel Trends 2015<\/em> was in development for months. The collaboration between ARC and Expedia gave both organizations a rich, unique data set to analyze.<\/p>\n<\/p>\n<p>\u201cWe were delighted to collaborate with Expedia on this important study as part of ARC&apos;s ongoing cooperative data program with customers and partners,\u201d said Chuck Thackston, managing director of Enterprise Information Management, Airlines Reporting Corporation. \u201cThough several of the results in this detailed study confirmed ARC\u2019s earlier findings, Expedia went deeper with their own expertise and data to produce a well-rounded document.\u201d<\/p>\n<\/p>\n<p><strong>Flight Prices to Expect in 2015<\/strong><\/p>\n<\/p>\n<p>Analysis of flight data reported in <em>Preparing for Takeoff<\/em> shows increased demand is met with increased capacity in such a way that these two factors largely cancel each other out across most destinations. Paired with a decline in fuel prices, though, and consumers should see slightly lower air ticket prices to most North American and European destinations in 2015.<\/p>\n<\/p>\n<p>That said, in the APAC market, due to increased demand from travelers and a limited supply on the carrier side, travelers should expect a rise in ticket prices in 2015.<\/p>\n<\/p>\n<p>Internationally, and most notably in Europe, the rising trend of low cost airlines continues to drive ticket prices lower due in part to the un-bundling of services, thus prompting some of the legacy carriers to follow suit.<\/p>\n<\/p>\n<p><strong>When to Purchase Airline Tickets \u2013 How Far in Advance and What Day of Week<\/strong><\/p>\n<\/p>\n<p>Fares will vary on any given route and on any given day: There are no magic algorithms for flight booking. However, a look at historical averages reveals that flight prices are traditionally driven by two distinct measures of time: day of week and number of days until the flight date. <\/p>\n<\/p>\n<p>Expedia\u2019s analysis of its own data reveals that, by the slimmest of margins, Tuesday is holding onto its perch as the day on which air shoppers find the cheapest flights at purchase time. More important is the day of travel. International travelers who are able to leave on Thursday and return on Monday will enjoy the greatest savings on average. Domestic travelers opting for a long weekend can save up to roughly 25 percent on short-haul flights when booking a Saturday departure to Tuesday return over the more expensive Sunday departure and Monday return.<\/p>\n<\/p>\n<p>The <em>Preparing for Takeoff<\/em> analysis also shows, based on data from ARC, that on domestic routes, the lowest-priced fares should be found within 50 to 100 days of departure, while the lowest fares were found 57 days prior. Domestic flight fares tend to remain relatively stable during that 50-to-100-day window. For international routes, the lowest price fares are found farther in advance \u2013 between 150 and 225 days \u2013 while the lowest price found was 171 days prior to departure.<\/p>\n<\/p>\n<p>For routes originating and ending in North America, customers may save anywhere from US$195 to US$225 when booking flights more than three weeks ahead of departure.<\/p>\n<\/p>\n<p>Finally, booking a package deal almost always will yield greater savings; be sure to look at air tickets purchased as part of a vacation package that includes hotel and other travel services (such as rental car and\/or activities).<span>\u00a0 <\/span>On average, travelers can save US$540 across all destinations, and even more when traveling to many popular resort destinations.<\/p>\n<\/p>\n<p><strong>Book Ahead for Flights to Atlanta and New York<\/strong><\/p>\n<\/p>\n<p>Atlanta and New York have shown the largest advanced purchase savings. Hawaii, Mexico and the Caribbean, on the flipside, offer the slimmest savings for advance purchases. Hawaii is a notable anomaly; travelers often receive the best airfare deals when booking one to three weeks in advance. Last-minute deals are very often available, and one of the best ways to save is to book your flight at the same time as your hotel or rental car. <\/p>\n<\/p>\n<p><strong>First Class Envy No More: Gap Between Fare Classes is Shrinking<\/strong><\/p>\n<\/p>\n<p>Since the Pan-Am days, first class travel has always has always carried the perception of luxury and exclusivity. However, Expedia\u2019s analysis of flight data also found that in some cases the difference in ticket prices for seats in premium and economy cabins is shrinking, presenting the potential opportunity for consumers to purchase more affordable premium class fares. <\/p>\n<\/p>\n<p>On some routes, the gap between ticket prices in premium and economy cabins has become negligible, creating situations where tickets purchased for seats in premium cabins provide more value than economy tickets. Put simply, first-class experiences during domestic and international air travel may not be as unattainable as once thought.<\/p>\n<\/p>\n<p>For travelers in North America, the white paper notes the gap between premium and economy cabin ticket prices is larger, creating a potential opportunity for airlines in those regions to be more aggressive and attract new paying premium-cabin customers.<\/p>\n<\/p>\n<p>Download a complimentary copy of <em>Preparing for Takeoff: Air Travel Trends 2015<\/em> at the <a href=\"https:\/\/viewfinder.expedia.com\/features\/air-travel-trends-for-2015\">Expedia Viewfinder travel blog<\/a>.<span>\u00a0 <\/span><\/p>\n<\/p>\n<p><strong>About Expedia, Inc.<\/strong><\/p>\n<\/p>\n<p>Expedia, Inc. is one of the world\u2019s largest travel companies, with an extensive brand portfolio that includes leading online travel brands, such as: <\/p>\n<\/p>\n<ul>\n<li><a href=\"http:\/\/www.expedia.com\/\">Expedia.com<\/a>\u00ae, the world\u2019s largest full service online travel agency with localized sites in 31 countries<\/li>\n<li><a href=\"http:\/\/www.hotels.com\/\">Hotels.com<\/a>\u00ae, the hotel specialist with localized sites in more than 60 countries<\/li>\n<li><a href=\"http:\/\/www.hotwire.com\/\">Hotwire<\/a>\u00ae, a leading discount travel site that offers opaque deals in 12 countries throughout North America, Europe and Asia<\/li>\n<li><a href=\"http:\/\/www.egencia.com\/\">Egencia<\/a>\u00ae, the world&apos;s fifth-largest corporate travel management company <\/li>\n<li><a href=\"http:\/\/www.elong.net\/\">eLong<\/a>\u2122, a leading mobile and online travel service provider in China <\/li>\n<li><a href=\"http:\/\/www.venere.com\/\">Venere.com<\/a>\u2122, the online hotel reservation specialist in Europe <\/li>\n<li><a href=\"http:\/\/www.trivago.com\/\">trivago<\/a>\u00ae, a leading online hotel metasearch company with sites in 49 countries<\/li>\n<li><a href=\"http:\/\/www.wotifgroup.com\/\">Wotif Group<\/a>, a leading operator of travel brands in the Asia-Pacific region, including Wotif.com, lastminute.com.au\u00ae, travel.com.au, Asia Web Direct\u00ae, LateStays.com, GoDo.com.au and Arnold Travel Technology<\/li>\n<li><a href=\"http:\/\/www.expedia.com\/p\/info-other\/local-expert-desk.htm\">Expedia Local Expert<\/a>\u00ae, a provider of online and in-market concierge services, activities, experiences and ground transportation in hundreds of destinations worldwide <\/li>\n<li><a href=\"http:\/\/www.classicvacations.com\/\">Classic Vacations<\/a>\u00ae, a top luxury travel specialist<\/li>\n<li><a href=\"http:\/\/www.cruiseshipcenters.com\/en-US\/corporate\/home\">Expedia\u00ae CruiseShipCenters<\/a>\u00ae, a provider of exceptional value and expert advice for travelers booking cruises and vacations through its network of 180 franchise locations across North America <\/li>\n<li><a href=\"http:\/\/www.carrentals.com\/\">CarRentals.com<\/a>\u2122, the premier car rental booking company on the web<\/li>\n<\/ul>\n<\/p>\n<p>The company delivers consumers value in leisure and business travel, drives\u00a0incremental demand and direct bookings to travel suppliers, and provides advertisers the opportunity to reach a highly valuable audience of in-market consumers through <a href=\"http:\/\/www.advertising.expedia.com\/\">Expedia Media Solutions<\/a>. Expedia also powers bookings for some of the world\u2019s leading airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates through <a href=\"http:\/\/www.expediaaffiliate.com\/\">Expedia\u00ae Affiliate Network<\/a>. For corporate and industry news and views, visit us at\u00a0<a href=\"http:\/\/www.expediainc.com\/\">www.expediainc.com<\/a> or follow us on Twitter @expediainc.<\/p>\n<\/p>\n<p>Trademarks and logos are the property of their respective owners.<span>\u00a0 <\/span>\u00a9 2014 Expedia, Inc.<span>\u00a0 <\/span>All rights reserved.<span>\u00a0 <\/span>CST: 2029030-50<\/p>\n<\/p>\n<p><strong>About Airlines Reporting Corporation (ARC)<\/strong><\/p>\n<\/p>\n<p>ARC powers the U.S.-based travel industry with premier business solutions, travel agency accreditation services, process and financial management tools, and powerful data analytics. In 2013, ARC settled $86 billion worth of carrier ticket transactions for more than 9,400 travel agencies with 13,000 points of sale. By providing world-class business services and products, ARC enables participating agencies and 200 carriers to focus on what&apos;s important\u2014increasing revenue. Established in 1984, ARC is headquartered in Arlington, Virginia. For more information, please visit <a href=\"http:\/\/www.arccorp.com\/\">www.arccorp.com<\/a>.\u00a0<\/p>\n<\/p>\n<p>SOURCE Expedia, Inc.<\/p>\n<\/p>\n<p><strong>For more information, please contact:<\/strong><\/p>\n<\/p>\n<p>Ingrid Belobradic, Expedia, Inc., (425) 679-8253, ibelobradic@expedia.com<\/p>\n<p><span> <\/span>Dave McNamee, HL Group, (646) 274-3635, dmcnamee@hlgrp.com<\/p>\n<p><span><\/span>Peter Abzug, Airlines Reporting Corporation, (703) 816-8158, pabzug@arccorp.com<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expedia and Airlines Reporting Corporation Release Global Report Detailing Air Trends and Pricing for the Year Ahead<\/p>\n","protected":false},"author":3,"featured_media":13755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1786,1787],"tags":[],"authors":[2227],"class_list":["post-18062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company","category-news","authors-matt-villano","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Expedia Releases Report with 2015 Flight Predictions | Expedia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.expedia.com\/stories\/expedia-releases-report-with-2015-flight-predictions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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