.jpeg)
Airfares increased by 9% in January-March, premium class bookings increased by 20%
According to the FCM report, Mumbai-Delhi and Bangalore-Mumbai have been the busiest routes in terms of business travel in the country. Most businessmen have traveled to these cities. India is soon going to become the seventh-largest business travel market in the world. This is expected to give a significant boost to the aviation sector.
With strong growth in the economy and rapid travel, the average airfare in the country increased by 9% during January-March this year. According to FCM Travel, premium class bookings have increased by 20% compared to a year ago.
According to the FCM report, Mumbai-Delhi and Bangalore-Mumbai have been the busiest routes in terms of business travel in the country. Most businessmen have traveled to these cities. India is soon going to become the seventh-largest business travel market in the world. This is expected to give a significant boost to the aviation sector.
Premium travel now attracts a slightly higher price tag from business travelers. This has led to a surge in premium reservations as well. International air capacity has grown by 14% over the same period, partly attributable to the expansion of India's aviation industry. Still, there has been a fifteen percent decrease in the average foreign fare.
