Analysis for Europe/MEA

Paris hotels return to 2019 profitability levels; UK, Poland and Ireland lead Europe’s recovery

4 May, 2022

Among the key city hotel markets in Europe, Paris was the only one to achieve gross operating profit per available room (GOPPAR) that was 100% of the 2019 comparable, according to the Mar-2022 P&L data release from benchmarking specialist STR.  

Going Places – industry appointment highlights for Mar-2022

5 April, 2022

The travel, tourism and aviation industries in the across the globe witness policy and upper level changes on a daily basis. It is important to not only keep tabs of these organisations direction, but to also monitor changes in executive branches to see the wider picture of the travel market. CTC – Corporate Travel Community aims to keep you informed of these movements each month, with a full wrap of the key changes across regional markets, while also featuring key appointments announced for the month.

Here are the key executive changes for Mar-2022:

Corporate travel set for rebound as travel restrictions put businesses at competitive disadvantage

31 March, 2022

In Mar-2022, the United Kingdom became one of the first large economies to remove all remaining COVID-19 international travel restrictions, reflecting government confidence in its vaccination programme. In the event of future COVID variants of concern, the UK says it will default to the "least stringent measures". This should give aviation operators and passengers greater security in planning for the future.  

Historical analysis of US market suggests rising energy prices have limited impact on hotel demand

16 March, 2022

Fluctuating energy prices can be a constant issue for businesses across the travel industry, but while a rising trend in pricing can actually be better managed, it can have severe implications. As COVID fears now recede, energy costs are taking over as a major concern for airlines, logistics specialists and tour operators.  

Going Places – industry appointment highlights for Feb-2022

9 March, 2022

The travel, tourism and aviation industries in the across the globe witness policy and upper level changes on a daily basis. It is important to not only keep tabs of these organisations direction, but to also monitor changes in executive branches to see the wider picture of the travel market. CTC – Corporate Travel Community aims to keep you informed of these movements each month, with a full wrap of the key changes across regional markets, while also featuring key appointments announced for the month.

Russia-Ukraine conflict influences spike in flight cancellations – extended impact likely

4 March, 2022

The Russian invasion of Ukraine will have implications for travel across the world and will hinder the recovery in long-haul flying especially on routes that previously operated over the airspace of the two countries.  

Omicron caused only ripple of disruption as trajectory for air travel recovery remains unchanged

2 March, 2022

Airline trade body International Air Transport Association (IATA) expects overall traveller numbers to reach four billion in 2024 (counting multi-sector connecting trips as one passenger), exceeding pre-COVID-19 levels (103% of the 2019 total). The latest update to IATA’s long-term forecast, remain relatively unchanged from what was projected back in Nov-2021, prior to the arrival of the Omicron variant.

In fact, expectations for the shape of the near-term recovery have shifted slightly for the better, reflecting the evolution of government-imposed travel restrictions in some markets. This has seen improvements in the major North Atlantic and intra-European markets, strengthening the baseline for recovery.

Travel restrictions shown to have ’little or no impact' on the spread of new Omicron variant

2 February, 2022

The extensive travel restrictions that governments across the world have imposed to reduce the spread of COVID-19 have been shown to have had “little or no impact on the spread” of the Omicron variant, according to new independent research. The findings of the European study are behind a new proposal into developing a Europe-wide policy for removing restrictions and a model that could be adopted across the globe.  

An air of optimism – business travel ‘is not dead’ and APAC region will ‘reopen soon’

13 January, 2022

We have learnt a lot in the last year, but it does now appear that we may be successfully descending from the heights of a pandemic that hit the world by surprise and changed the way we live our lives, do business and even consider our own futures. The year ahead is one that we can approach with our eyes wide open with intelligence from 2021 helping to bring added optimism that travel will take stronger steps forward over the 12 months ahead.  

Travel apartheid: latest Henley Passport Index reveals widest global mobility gap since inception

12 January, 2022

As we enter 2022, the latest edition of the Henley Passport Index shows record-breaking levels of travel freedom for top-ranking nations Japan and Singapore, but also the widest recorded global mobility gap since the index’s inception 17 years ago.

The study shows that while citizens of upper middle- and high-income countries have achieved visa-free access to most nations, citizens of lower middle- and low-income countries, as well as ones with higher fragility scores, enjoy far less travel freedom because they are deemed to be high-risk when it comes to security, asylum, and overstay.

 

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