Corporate Travel Analysis Reports For The Americas
Recovery of European tourism ‘in sight this summer’ though international travel will still get no better than hitting half pre-pandemic levels after 'catastrophic' start to 2021
Improvements in vaccination rates and the introduction of the EU Digital COVID Certificate is providing hope for a tourism rebound in Europe over the summer months with intra-European trips expected to account for over 80% of Europe's travel in 2021.
More than four in five top US hotel markets are in depression or recession, but business travel recovery will help break the cycle
Despite an uptick in leisure travel, a new report released by the American Hotel & Lodging Association (AHLA) shows that the road to recovery for the hotel industry remains a long one with 21 of the top 25 US hotel markets remaining in a depression or recession. The new data from benchmarking specialist STR, shows urban hotels are still in a "depression" cycle while the overall US hotel industry remains in a "recession."
Business and leisure travellers share some similar sentiments towards digital health passports and travel technology, but there are also some clear differences in their views
New research from travel technology specialist Amadeus has indicated that both business and leisure travellers see digital health passports as a vital tool in opening up travel. However, their views on use of data, brands and technology adoption are varied and that will remain a challenge to tailor the passenger experience and install confidence back into travel.
Charting the trends – new research indicates that ‘it is safe to return to conducting and attending in-person professional meetings and events’ but business travel’s return will remain a slow process
The use of videoconferencing and technology platforms have helped us to maintain business relationships while the world has worked to find a solution to the biggest global health crisis of modern times.
The CEO perspective – airline bosses open up on COVID, the recovery, and the future of air travel
Over the first six months of 2021 airline CEOs from across the world have spoken openly at the monthly CAPA Live virtual summit about air travel, the coronavirus crisis and the path to recovery. To say 2020 and 2021 have been a challenge for these professionals is a major understatement and each shares the journey for their respective airlines through one of the biggest crises to hit the world.
Charting the trends – Chinese and Japanese travellers are most reluctant to travel far overseas, US and Brazilian travellers put Europe on hold, while August is perceived as most secure option for trips to the Continent
Airlines and hotels are starting to see lifts in bookings and traveller sentiment is strengthening in many parts of the world as vaccination programmes continue. As projected, the leisure and VFR markets are showing the strongest recovery, short-haul is ahead of long-haul and LCCs ahead of legacy models due to this current traveller demographic.
Going supersonic – United’s Overture signing comes with strong caveats but still represents massive boost to Boom Aerospace’s supersonic aspirations and the return for high-speed air travel
The closure last month of Aerion Supersonic highlighted just how much of a technical challenge the proposed return of high-speed commercial air travel beyond the sound barrier truly is, especially with sustainability quite rightly a major topic right now. They were seen as one of the most likely among a raft of start-ups aiming to break into this market space, one that corporate travellers have been watching closely.
CAPA Live: The role of travel managers is changing – as we enter an new era of travel they have a unique opportunity to elevate their role
The past 12 months or so have given many organisations a time to pause and evaluate their business activities. This time has certainly put the role of travel managers in the spotlight and highlighted the valuable role they play within organisations.
A glimpse into the future – a hybrid approach to working from UK businesses may indicate a muted take-off for international corporate travel
A report this week from the BBC that four in five of Britain's biggest firms plan on adopting a 'hybrid' model of working in the post-COVID recovery highlights how senior management are looking differently on working arrangements. The same attention could also see changes in how they approach staff travel.
Charting the trends – Cryptocurrencies have become more widely accepted, but are already under threat and their use may ultimately be limited by the arrival of central bank digital currencies
The news this week that the iconic auction house Southerby's will accept Bitcoin and Ethereum payments when it sells a copy of the 'Love is in the Air' Banksy painting highlights how cryptocurrencies are now firmly embedded in our financial system. The famed painting - described by Sotheby's as a "unique work" based on an artwork first sprayed onto a wall on Jerusalem - depicts a protester hurling a bouquet of flowers and is the first piece of auctioned fine art that can be paid for using cryptocurrencies. It has a reserve price of USD3-5 million.