New Delhi – Domestic fares in India rose by 29% in the second quarter (Q2) of this financial year compared to that in Q2 last year, as the average overall ticket prices for both domestic and global travel rose by nine%, a study has shown.
“Airfares in India across domestic and international travel saw an overall price rise of 9% Quarter on Quarter (QoQ), with domestic fares within India witnessing a considerable increase of 29%,” the latest American Express Business Travel Monitor quarterly study said.
While the QoQ domestic fares rose by 29%, the year-over-year increase was 11%, it said.
The fares from India to Europe, Middle East and Africa (EMEA) region as well as Intra-Asia Pacific fares saw a five% rise, while those to the Americas overall witnessed a marginal increase of two%, it said. In the last quarter, India had observed a strong 5% rise in airfares for both Intra-Asia Pacific and EMEA destinations, with a significant hike of 13% in business class fares for Intra Asia Pacific travel QoQ.
But fares from India to the Americas saw a marginal increase of two% QoQ, while full business airfare to this region remained flat, the study for the quarter said.
American Express Business Travel Monitor tracks a set of round trip airfares originating in the Asia Pacific region to 370 city pairs across the world. Ten countries — Australia, China, Hong Kong, India, Japan, South Korea, Malaysia, New Zealand, Singapore and Taiwan, are covered.
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