The Advito 2012 Industry Forecast provides companies a benchmark they can use to project a price range for airline tickets and hotel rooms in major markets around the world. Read in the May 2012 Update: Uncertainty around the Iran situation is sparking new fears of oil price increases. Closure of the Strait of Hormuz could send prices skyrocketing toward US$200 per barrel, with US$115 per barrel the“best-case” alternative. Europe’s financial crisis is not yet over, but tensions are easing a little following implementation of an early warning mechanism. Rising bond yields in Italy and Spain, however, remain cause for concern.
2012 Industry Forecast Mai Update
