Airline competition 'keeps travel prices down'
ready2invest.co.uk
Growing competition for popular airline routes has slowed down price inflation for ticket fares, according to new figures.
Research by the Hogg Robinson Group (HRG) found that budget airlines had increased costs by 10% in the last year, while traditional carriers had ramped up prices by 5%.
This rate of increase is below that seen in previous years, despite the number of travellers going up.
The findings could be good news for overseas property buyers, as they could use this to identify potentially popular areas for investment purposes.
Mike Platt, group industry affairs director at HRG, commented: "With such steep increases in bookings it is no surprise to see that ticket prices have risen on the most popular routes."
Earlier this month, the Association of International Property Professionals credited budget airlines with increasing the amount of choice available to overseas property investors, as they had opened up new markets.
