SINGAPORE (July 19): Singapore is expected to see an increase in airfares and hotel prices in 2018 by 3.9% and 3.2%, respectively, says a new study released today by Carlson Wagonlit Travel (CWT) Solutions Group.

In a press release on Wednesday, the global consulting company attributes its expectations of higher airfares in Singapore to steeper fuel oil prices, fare segmentation and new long haul routes.

While CWT acknowledges that the opening of Changi Airport Terminal 4 may alleviate the local aviation industry’s capacity pressures, it believes the development is also likely to result in higher airport development fees.

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