Rising oil costs mean that airline prices are expected to rise around 3.5 percent this year, according to the Global Business Travel Association’s Global Travel Forecast. North Americans can expect among the smallest price hikes (2.3 percent), but world travelers might shell out more for plane tickets. (Cut these 10 ways you waste money on vacation to balance the cost.) Prices are expected to increase by 5.5 percent in Western Europe and a whopping 7.1 percent in Eastern Europe. Costs will rise about 2.8 percent in Asia Pacific, and 3 percent in the Middle East and Africa. To avoid the high prices, Latin America might be a good option—its ticket prices are predicted to rise just 0.3 percent. Check out these other 14 budget destinations that will be cheap in 2018.
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Plane tickets aren’t the only way travel will be getting more expensive. World hotel prices are expected to increase by 3.7 percent, according to the GBTA report, with regional trends similar to airlines. (Here are 21 more secrets hotels don’t want you to know.) European hotel prices will rise by more than 6 percent, while Asia Pacific and North American rooms will be hiked up about 3 percent. The Middle East and Africa will see increases of just 0.6 percent, while Latin America can actually expect hotels to become 1.2 percent cheaper. Learn more money-saving tips from travel agents.