Analysis for Asia
Bow-Tie Briefing – BIT or CAI? Regardless of name, new China – EU investment agreement offers key motivator for economic growth and positive opportunities for corporate travel (part 2)
In our last edition of Bow-Tie Briefing, we discussed the background of the China-EU Bilateral Investment Treaty” (BIT) or as the European side call it the “EU–China Comprehensive Agreement in Investment (CAI). President Xi Jinping of China stated: “It will greatly boost world economic recovery in the post-pandemic era, enhance the international community's confidence in economic globalisation and free trade, and enable the Chinese and EU's markets to make important contributions to building an open world economy”.
In a changing world, non-airline revenues have become a key growth driver
As the global COVID-19 pandemic has irreversibly changed the way we communicate, the way we travel and even the way we do business, digital platforms such as AirAsia.com are finding their feet. Its CEO Karen Chan stated the company's top priority was to "maintain a growth trajectory amidst the slowdown in the economy” but anticipates that non-airline revenues will become the key growth driver and business priority.
The contribution from travel and tourism to GDP and employment ‘positively and significantly’ affects social progress
The recovery of travel and transport is not just vital for employment and global economies but also on the social progress of nations. New research from the World Travel & Tourism Council (WTTC), which represents global travel and tourism private sector, illustrates a clear correlation between the industry and social development.
New Zealand and Vietnam ranked best for their coronavirus response, but Brazil, Mexico and Colombia found to fall short in their reaction
New research from The Lowy Institute, an independent, nonpartisan international policy think tank located in Sydney, Australia, has praised New Zealand and Vietnam for their response to the coronavirus pandemic in an exploration of what impact geography, political systems, population size, and economic development have had on COVID-19 outcomes around the world.
The delayed Olympics are coming to Japan, but COVID cases are again on the rise and seeing international travel channels being removed
Japan was one of the markets to see the most obvious rebound in domestic air travel after the first wave of COVID-19 cases across the country and had even established some key international business travel corridors. It is now though on the verge of entering a state of emergency as the country grapples with soaring coronavirus cases, a number of which have been linked to more infectious variants.
CAPA Live – NDC will be a vehicle for greater personalisation in the post COVID distribution space, but there remains a ‘misconception personalisation is going to increase fares’
As we entered into 2020, NDC had been a topic that dominated distribution discussions all around the world. It may have slipped down the priority list as the global coronavirus pandemic spread across the globe, but it remains a key capability for a realigning commercial air transport industry.
A year in time – China’s biggest conurbations are now the world’s best connected cities as many of the world’s largest markets continue to be hit by COVID-fuelled restrictions
As we entered the new decade the growth in air connectivity was a global success story. In fact over the last two decades (the 2000s and 2010s) the number of cities directly linked by air (city-pair connections) more than doubled while over the same period, air travel costs fell by around half, according to research from International Air Transport Association (IATA).
Paris and Zurich join Hong Kong as the world’s most expensive cities as COVID-19 crisis impacts worldwide cost of living
The new 2020 edition of the Worldwide Cost of Living (WCOL) report shows the COVID-19 pandemic has changed the cost of living in about 130 cities around the world since the start of 2020. The study from the Economist Intelligence Unit, the research and analysis division of The Economist Group and sister company to The Economist newspaper, shows that currency volatility, supply chain problems, the impact of taxes and subsidies, and shifts in consumer preferences is impacting the price of consumer goods.
DATA SPOTLIGHT: VietJet Air
This year the Corporate Travel Community (CTC) will feature some of the leading airlines, airports and country markets for air travel. Here, using the extensive profile insights available to CAPA – Centre for Aviation members to deliver a data snapshot at where they sit today in the Covid-19 impacted world, we look at VietJet Air, an example of an airline that appears to be managing the COVID-19 crisis better than many others.
DATA SPOTLIGHT: Macau
This year the Corporate Travel Community (CTC) will feature some of the leading airlines, airports and country markets for air travel. Here, using the extensive profile insights available to CAPA – Centre for Aviation members to deliver a data snapshot at where they sit today in the Covid-19 impacted world, we look at Macau, where visitor arrivals remain significantly down, but there are some bright shoots for the final two months of the year.