WSJ: Global Premium Air Travel Keeps Declining
With a 27.3% drop, the Pacific region experienced the worst decline in premium passenger numbers, while of the larger markets, Asia was the weakest, said IATA. Only Africa saw more passengers buying first and business-class tickets, but the 2.8% increase in that market is less significant due to its small size. Across the North Atlantic, premium travel fell 22.5%, following a 14.5% drop in January.
The number of passengers traveling on economy-class tickets fell 8.3% in February, following a 4.7% fall in January. Overall passenger numbers were down 9.6%, or 6% if adjusted for the extra day in February 2008.
Now is the time to do some international travel if you’ve been socking away some funds for a “trip of a lifetime”. The article goes on to say that the market is about to bottom out, and that means we may not see prices again this low for decades. Add to this the struggling global economy and you’re sure to find amazing deals on lodging and other services. Travel Agent Central is reporting a huge decrease in hotel rates both here and abroad.
Just make sure you check the State Department’s interactive guide for travel advisories before you make your plans.









