Analysis

At a time of crisis, it is important that we share our insights and experience, helping each other to contain and mitigate the impact of COVID-19. 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.

They say ‘a picture paints a thousand words’. In this regular section CTC – Corporate Travel Community incorporates and expands on the popular charts produced in the 2020 air capacity series ‘Coronavirus Statistics Snapshot’.

These are sourced from CAPA - Centre for Aviation analysis of OAG schedule data and incorporates seat detail from CAPA's own database.

It offers a weekly look at how the pandemic is impacting global flight levels and seat capacity in the world’s largest markets. 

The World Travel & Tourism Council (WTTC) has published a report on a topic that is slightly unusual: namely, the economic value of tourism to cities, taking into account its contribution to GDP and employment as well as the usual traveller ‘spend.’

The main conclusion is inescapable.

While ‘old world’ cities in Europe still top the list, as well as North American resort cities such as Orlando and Las Vegas, there is a shift in favour of Asia Pacific. Beijing, for example, is expected to more than double its tourism sector value to USD77 billion in the next 10 years, leapfrogging the current first-placed Paris.

Where actual tourist spend alone is concerned, the top two cities in 2022 were Dubai and Doha, both helped by the Soccer World Cup being played in Qatar.

Again, Asia Pacific cities are expected to overtake or challenge them in the next 10 years.

The Ascott Limited, the lodging business unit of CapitaLand Investment, is set to debut The Crest Collection – its portfolio of bespoke hotels and serviced residences that integrates heritage stories with curated hospitality experiences – in Singapore, China and Vietnam.

The Crest Collection will also continue to grow its current portfolio in France with the addition of its fifth property in Saint-Germain-des-Prés, Paris.

To date, Ascott has secured over 1,000 units across eight properties under The Crest Collection and has more properties under the brand in the pipeline, in key travel destinations such as Jakarta, Bangkok, Tokyo, Osaka and London.

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.

At a time of crisis, it is important that we share our insights and experience, helping each other to contain and mitigate the impact of COVID-19. 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.

They say ‘a picture paints a thousand words’. In this regular section CTC – Corporate Travel Community incorporates and expands on the popular charts produced in the 2020 air capacity series ‘Coronavirus Statistics Snapshot’. These are sourced from CAPA - Centre for Aviation analysis of OAG schedule data and incorporates seat detail from CAPA's own database. It offers a weekly look at how the pandemic is impacting global flight levels and seat capacity in the world’s largest markets.

European flag carrier SWISS International Air Lines has begun installing its new premium economy class on its Airbus A340-300 fleet.

The first such aircraft completed – HB-JMB – returned to service on 24-Jan-2023 and is presently being flown between Zurich and Johannesburg.

All four of SWISS’s A340s will be equipped with premium economy by Apr-2023, from when the new seating class will be bookable for the further destinations served by the aircraft.

Wyndham Hotels & Resorts in the last month of 2022 unveiled its 13th and 14th hotel in Vietnam and ninth hotel in Phuket in Thailand as it further expanded its activities across Asia Pacific.

Vietnam and Thailand are described as “strategic markets” for the company and it plans to continue to grow its presence throughout this year and in those to come.

“We remain committed to fulfilling our mission of making hotel travel possible for all, by providing high quality hotels in sought-after destinations, catering to both business and leisure travellers alike,” says Ben Schumacher, vice president of operations South East Asia & Pacific Rim, Wyndham Hotels and Resorts.

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.