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The entire aviation industry is going through a phase when the economic conditions demand a steep increase in the price of tickets. As per the statistical surveys, the price of jet fuel has increased by 60 per cent in the last year. Needless to say, airlines have failed to provide lowest airfare to passengers due to an increase in fees for checking-in luggage, both regulatory as well as surcharge, meals and other services.

When it comes to domestic travelling, the most important thing travellers are looking for these days is lowest air fare flight tickets. The idea is to get the best services while flying to a destination by saving on expenditure, if possible. With more and more domestic carriers entering into the Indian market, it has become a bit difficult for flyers to do an extensive search for flights that are priced low on a particular route and this where low-cost carriers, like Go Air come into the picture.

The current calendar year is witnessing a fare war among leading carriers in India. Airlines in this sector have offered lowest airfare to boost the passenger footfall during the off season. Leading no-frills carrier, SpiceJet announced flight fare as low as one rupee INR as the base fare on selected routes.

Low-cost carriers (LCCs) operate with a primary motive of operating at the lowest air fare and offering punctual services. These mainly operate between short destinations and their flights span for three to four hours at most. Moreover, they generally cater to the travel needs of corporates and businessmen, thus punctuality is considered as one of the major aspects for these airlines.

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The last couple of months have been extremely good for those fliers who were looking for lowest airfare in the domestic sector. It was raining discounts as Indian aviation giants decided to offer three quick rounds of discounts in about a span of 30-35 days.

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U.S. EXTENDED-STAY HOTELS set new records for demand, ADR, RevPAR and room revenues in the fourth quarter of 2022, according to a report from hotel investment advisors The Highland Group. Also, the report showed rate resistance is apparent at lower price points due to recession and the economy extended-stay segment reported nine consecutive months of declining demand and three successive quarterly falls in occupancy. According to the Highland Group's "U.S. Extended-Stay Hotels: Fourth Quarter 2022" report, mid-price extended-stay hotels reported their second consecutive quarterly decline in occupancy in fourth quarter. Similar occupancy declines occurred for about two years starting in mid-2015 before ADR growth moderated and occupancy recovered. Extended-stay hotel supply growth was the lowest since 2013 during the quarter, below its long-term historical average for 20 consecutive quarters. The last time extended-stay supply growth was consistently near its current level was from 2010 fourth quarter through third quarter of 2014. "Extended-stay hotel RevPAR was more than 12 percent higher than in fourth quarter of 2019. There were 567,770 extended-stay hotel rooms open at the end of the quarter. Excluding 2020, the 6,481 net gain in rooms open over the last year was the lowest annual increase since 2012. Room nights available increased 1.2 percent over the last year which was the smallest annual gain in supply for nine years," the report said. "Fractional net economy and upscale segment supply gains compared to 2021 are largely due to re-branding moving rooms between segments in our database, de-flagging of hotels which no longer meet brand standards, as well as the sales of some hotels to multi-family apartment companies and municipalities."

In recent times, there has been a sudden surge in air fares making air travel completely out of bounds for air travellers across the nation. The fall in rupee is definitely one of the major reasons behind this prise rise. The fare hike is not only surprising, but quite sudden too, which has majorly hit the advance booking category.

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The aviation industry is enjoying one such phase of the business, where the demand for air travel is increasing and the cost of Aviation Turbine Fuel (ATF) is falling. It is a sigh of relief for companies offering aviation services, as the ATF prices jumped quite high before this dip.

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