The 2019 Industry Forecast provides travel and procurement managers with projected prices in preparation for supplier negotiations and budgeting. The forecast, published in prior years by Advito, the consulting arm of BCD Travel, includes supply, demand, and pricing trends for air, hotel, meetings, and ground transportation for all major regions of the world. Hotel rates are expected to increase by 1-3% worldwide, with little variation by region. Much wider ranges can be seen on a country level, such as in India, where a 6% to 8% rate increase is forecast. Inversely, lower rates are most likely in African markets, particularly in Ethiopia and Morocco. In the U.S., hotel occupancy is generally higher year-over-year, especially in the major cities, thanks to the continued strength of the U.S. economy. Travelers may experience severe availability issues in some locations. Download the report at BCD Travel