Hotel prices in Canada and the U.S. could climb as much as 5 per cent next year, but airfares should remain flat, a new study suggests. Business class fares likely will increase around 3 per cent in Asia and the Southwest Pacific, but should stay flat in Europe and Latin America. The Advito report says business travellers are using Airbnb to reduce costs, especially in cities where hotels are expensive. A recent study from Kiwi.com found that Canada has the sixth most expensive air fares in the world. The Advito report notes that new low-cost carriers in Canada could help ease that situation.

Source: National Post September 16, 2016 14:03 UTC