"Airfares in India across domestic and international travel saw an overall price rise of 9 per cent Quarter on Quarter (QoQ), with domestic fares within India witnessing a considerable increase of 29 per cent," the latest American Express Business Travel Monitor quarterly study said.
While the QoQ domestic fares rose by 29 per cent, the year-over-year increase was 11 per cent, it said.
The fares from India to Europe, Middle East and Africa (EMEA) region as well as Intra-Asia Pacific fares saw a five per cent rise, while those to the Americas overall witnessed a marginal increase of two per cent, it said.
In the last quarter, India had observed a strong five per cent rise in airfares for both Intra-Asia Pacific and EMEA destinations, with a significant hike of 13 per cent in business class fares for Intra Asia Pacific travel QoQ.
But fares from India to the Americas saw a marginal increase of two per cent QoQ, while full business airfare to this region remained flat, the study for the quarter said.
American Express Business Travel Monitor tracks a set of round trip airfares originating in the Asia Pacific region to 370 city pairs across the world. Ten countries -- Australia, China, Hong Kong, India, Japan, South Korea, Malaysia, New Zealand, Singapore and Taiwan, are covered. (More)
