SAF explained: How Sustainable Aviation Fuel will power a more sustainable future
Delta Air Lines is on a journey to net-zero emissions by 2050. Prioritizing sustainability isn’t just imperative to the health of our planet, it’s also key to Delta’s long-term business success.
Hyatt plans Melbourne home for first Hyatt House property in Australia
Hyatt Hotels Corporation has confirmed that an affiliate has entered into an agreement with an affiliate of Holder East Ltd for a Hyatt House hotel in Melbourne, Australia.
Expected to open in 2025, the 97-guestroom Hyatt House South Melbourne will mark the entry of the Hyatt House brand in the country.
Industry Intelligence: catch up on CAPA’s exclusive market insights – week ending 13-Oct-2023
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.
Soundbytes: travel and aviation industry insights – week ending 13-Oct-2023
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.
Understanding partnerships, consolidation, and mergers in Latin America
Latin American airline consolidation is proceeding, although the path and timing is difficult to forecast.
Avianca and GOL are seeking to create a pan-regional airline group capable of competing with LATAM on an equal footing.
Regional aviation leaders are projecting that three or four major airline groups will emerge, either via partnerships, mergers or other tie-ups.
This was the topic of a panel discussion at the CAPA Latin America Aviation & LCCs Summit in Querétaro, Mexico on 31-Aug-2023 and 1-Sep-2023.
Companies have sustainability goals in place, but only half have targets for business travel
New research of travel buyers and business travellers has highlighted the rising importance of environmental sustainability in business travel. However, while the majority of companies now have sustainability goals in place, only half have targets for sustainable business travel.
The survey from BCD Travel also highlights that while over half of travellers are willing to take fewer but longer business trips, or try new, more sustainable ways of traveling, only 30% are willing to pay more for travel to include carbon offsets or purchasing sustainable aviation fuel (SAF).
InterContinental aims to ‘yet again reimagine the luxury travel experience’ with brand evolution
InterContinental Hotels & Resorts, part of IHG Hotels & Resorts’ luxury and lifestyle portfolio, was among the world’s first international luxury hotel brands and it is now embarking on a new chapter with the launch of an extensive global brand evolution as it aims to “yet again reimagine the luxury travel experience”.
Post COVID-19 travel and tourism megatrends in South Pacific
COVID-19 produced the greatest shift in international traveller behaviour since the start of the Jet Age. The South Pacific has been at the forefront of those changes.
Travellers are increasingly embracing technology as part of the travel process. They are also more aware of the impacts of their travel and are increasingly seeking out unique cultural, religious and social encounters, often replacing urban tourism with a broader mix of destinations.
At the same time, business travel remains well below pre-pandemic levels, with technology serving as a notable substitute, while luxury travel is reaching new highs.
This was the topic of a panel discussion at the CAPA Australia Pacific Aviation Summit in Brisbane in the middle of Sep-2023.
Industry Intelligence: catch up on CAPA’s exclusive market insights – week ending 06-Oct-2023
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.
Soundbytes: travel and aviation industry insights – week ending 06-Oct-2023
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.