Singapore airfares to rise by 3.9% next year

The increase will be driven by higher fuel oil prices.

Airfare prices in Singapore might be more expensive next year, a study by Carlson Wagonlit Travel revealed.

According to the 2018 Global Travel Forecast, airfares in Singapore are expected to rise 3.9% next year, higher than the expected increase in air ticket prices for Asia Pacific and globally.

In Asia Pacific, airfares are expected to increase by 2.8%, following the increasing domestic demand, particularly in China and India, and weaknesses in infrastructure leading to insufficient airport capacities. Meanwhile, global airfares are expected to see a greater increase at 3.5% next year, following the higher crude oil prices despite a 6.0% growth in capacity in 2018.

The rise in Singapore airfares will be driven by the expected higher fuel oil prices, as well as fare segmentation, and new long haul routes.

“The higher pricing is a reflection of the stronger economy and growing demand,” said Carlson Wagonlit Travel president Kurt Ekert.

He furthered, “The global numbers from this forecast should be considered strong leading indicators of what 2018 will mean for global businesses, as we anticipate higher spending.”

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia