Analysis for Europe/MEA

Charting the trends – we are on a path to higher air fares and airlines and their passengers in Europe could ultimately pay the price for ANSP’s failure to cut costs during the COVID-19 pandemic

20 May, 2021

When the biggest advocate of low fares in Europe warns about the cost of air travel rising then there is a need to take notice. Ryanair Group CEO Michael O’Leary may be known to say things to get media attention for the European LCC, but his warning that airline passengers will be hit hard for a fare hike in 2022 is a view that is shared by many in the industry.

There are ‘mixed prospects’ in Europe for summer 2021 as vaccine hurdles still deliver a very uneven playing field

11 May, 2021

As Europe works to accelerate vaccination programmes over the coming months and control the spread of COVID-19, an expected easing of restrictions provides “some hope for travel in summer 2021,” according to the European Travel Commission’s (ETC) in its latest quarterly report ‘European Tourism Trends & Prospects’.

A glimpse into the future – a hybrid approach to working from UK businesses may indicate a muted take-off for international corporate travel

7 May, 2021

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

6 May, 2021

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.

‘Within the next year’ or ‘in more than 12 months’ is when most of the world expects a return to normal life, but one in four see recovery sooner and similar number say it is already case in Russia

28 April, 2021

Expectations about when life will return to pre-COVID normal expectedly vary widely across the world and are charted out for us all to see in research released in Apr-2021 by IPSOS Mori, the London, UK-based market research specialist.

The CEO perspective – airline bosses open up on COVID, the recovery, and the future of air travel

28 April, 2021

Over the first four 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.

The number’s game – the scale of corporate travel recovery remains uncertain, but there is generally growing optimism on its revival

27 April, 2021

“Random numbers should not be generated with a method chosen at random,” is a saying from Donald Ervin Knuth, an American computer scientist, Professor Emeritus at Stanford University, and winner of the 1974 Turing Award. Right now there is still a feeling that attempting to correctly forecast the scale and timescale for the recovery of corporate travel is still little more than an educated guess.

Charting the trends – Germany feels the economic pain of COVID-19 with dramatic collapse of travel and tourism wiping EUR161 billion from the nation’s economy

15 April, 2021

The pain of the COVID-19 pandemic has hurt the world, but in Germany the impact on its economy is clear to see in latest research from the World Travel & Tourism Council (WTTC), which represents the global travel and tourism private sector. Its latest annual Economic Impact Report (EIR) reveals that the dramatic collapse of Germany’s travel and tourism sector wiped out EUR161 billion from the nation’s economy, a reduction in the sector’s contribution to GDP of almost half (-46.9%).

Aviation’s axis has been tilting East since the dawn of commercial air travel, but in 2020 it temporarily shifted forward 20 years in the space of just 12 months

13 April, 2021

Things change over time: we all get older, some wiser, and we hopefully learn from our mistakes. It was once believed that the Earth was flat. We all (well, the vast majority) now know that it's round, but did you know that is not a perfect sphere? It never has been! The planet actually bulges around the equator by an extra 0.3% as a result of the fact that it rotates about its axis.

The summer of 2020 was virtually non-existent for Europeans, but there is warming sentiment that summer 2021 will not be a repeat of last year

7 April, 2021

Approaching 700 million doses of COVID-19 vaccines have now been administered across the world with around 150 million people now fully vaccinated against the highly infectious disease. That is a positive step in building immunity against the SARS-CoV-2 that continues to impact almost everybody’s daily lives through government mobility restrictions.

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