Corporate Travel Analysis Reports For South Pacific

CTC - Corporate Travel Community each week brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.

The recovery in international passenger markets across Asia Pacific remains "robust", as travel demand continued to grow despite inflationary pressures and the weakness in regional currencies, according to preliminary Jun-2023 traffic figures from the Association of Asia Pacific Airlines (AAPA).

Asia Pacific airlines carried 23.2 million international passengers in Jun-2023, representing a 159.3% year-on-year increase compared to the same month last year. In terms of revenue passenger kilometres (RPK), traffic surged by 131.1%, whilst seat capacity increased by 120.9%.

British Airways CEO Sean Doyle has recently reiterated his airline's commitment to first class. He told The Telegraph last month that the UK airline would be "one of the few carriers to retain first [class] on the scale that we do".

New analysis from CAPA - Centre for Aviation of its Fleet Database reveals that British Airways ranks second globally by the number of first class seats installed on its fleet.

Far ahead is Emirates Airline - partly a reflection of its larger size overall. Emirates is also the biggest operator of widebodies, where premium cabins are typically more important.

Emirates has the highest number of First class seats, but Singapore Airlines has a higher proportion of its seats in premium cabins, and SWISS has a higher proportion of widebody seats in first class.

Each week, CAPA - Centre for Aviation produces informative, thought provoking and detailed market analysis of the aviation industry. With supporting data included in every analysis, CAPA provides unrivalled and unparalleled intelligence.

Here's some of the reports published over the past week.

CTC - Corporate Travel Community each week brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.

Radisson Hotel Group has reported a strong 1H growth across its expanded brand portfolio with 100+ signings and openings, including more than 60 across the Asia Pacific region and milestone openings and signings across the world.

The Group also announced more offerings to its owners and guests with the inclusion of art'otel in its portfolio, blending art and lifestyle.

Each week, CAPA - Centre for Aviation produces informative, thought provoking and detailed market analysis of the aviation industry. With supporting data included in every analysis, CAPA provides unrivalled and unparalleled intelligence.

Here's some of the reports published over the past week.

CTC - Corporate Travel Community each week brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.

The outlook for the meetings business remains bullish, but post-COVID optimism has waned somewhat, down 10% since Jan-2023, according to new insights from the Northstar Meeting Group and Cvent Meetings Industry Pulse Survey.

The latest edition of the survey for Jun-2023 (based on data collected from 14-Jun-2023 14 to 01-Jul-2023 from over 500 meeting planners) also identifies that approaching half meeting planners (44%) believe growing demand for meetings will spur growth in planner jobs.

Meanwhile, planner satisfaction levels have also improved despite high costs and service issues remaining common complaints, suggesting buyers and suppliers are effectively resolving ongoing marketplace challenges.

Insights from STR, the data benchmarking, analytics and marketplace insights provide for the global hospitality industry, shows that more than four in five global hotel markets are continuing to report growth in revenue per available room (RevPAR).

The specialist's global "bubble chart" update as of 17-Jun-2023 noted that 85% of global markets experienced growth in RevPAR when compared to 2019. This reflects the same level as the previous update, which marked the largest share of markets with growth since the beginning of the pandemic.