Industry Intelligence: catch up on CAPA’s exclusive market insights – week ending 22-Sep-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 22-Sep-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.
A return to international travel – is Australia/New Zealand ready?
Globally, international air travel continues to rebuild, with the latest projections indicating global air travel will return to pre-pandemic levels during 2024.
This broad global recovery masks the fact that significant variations exist from region to region and between individual markets, which has important implications for airlines through Australasia.
Days Hotel and Ramada rebranding supports birth of Marriott’s largest Aloft property in Singapore
Marriott International has confirmed the brand entry of Aloft Hotels into Singapore with the opening of Aloft Singapore Novena, the largest Aloft hotel in the world.
The remodelled hotel brings the brand’s vibrant and flexible spaces to the Balestier neighbourhood, one of Singapore’s most energetic districts, that offers an eclectic mix of local cuisines, culture, and entertainment.
Observations from the CAPA Australia Pacific Aviation Summit – FCTG, CEO, Graham ‘Skroo’ Turner
Graham ‘Skroo’ Turner is among the most respected names in the travel industry and not your usual corporate leader.
Having trained as a veterinary surgeon, he entered the travel business in 1973, when he and two friends bought a couple of double-decker buses in England and began Top Deck Travel offering bus tours to Europe and parts of North Africa.
He is recognised as the long serving chief executive officer and managing director of the public company that grew from the small band of Flight Centre shops, a golden era of growth and prosperity for Flight Centre Travel Group Limited.
And he had lots to say about the travel industry during the recent CAPA Australia Pacific Aviation Summit.
Industry Intelligence: catch up on CAPA’s exclusive market insights – week ending 15-Sep-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 15-Sep-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.
Marriott signs up in Indonesia’s new capital city, hits Thai milestone, opens iconic Macau property
Marriott International has signed a Hotel Management Agreement with Indonesian real estate developer, PT. Pakuwon Jati Tbk. to open three properties in Indonesia’s new capital city, Ibu Kota Negara Nusantara.
Marriott has also celebrated the milestone opening of its 50th property in Thailand, a portfolio that comprises a mix of hotels and resorts across 15 distinct brands across major destinations in the Kingdom including Bangkok, Phuket, Koh Samui, Chiang Mai, and debuted its iconic W Hotels brand in Macau.
Asia-Pacific airlines: international capacity is making good progress in closing recovery gap
Asia-Pacific airlines have been accelerating their capacity recovery on international routes in recent months – although they still have some way to go to catch up with airlines in other global regions.
International demand has undoubtedly roared back – as evidenced by the elevated average fares and profits of some airlines. Airlines have tried to keep pace by returning more parked aircraft to service and purchasing or leasing additional lift, but supply is still constrained.
This means international capacity is being determined more by aircraft availability than by demand levels in many cases.
There is still a lot of variance between sub-regions in the broader Asia-Pacific region. The Northeast Asia sub-region still lags other parts, such as Southeast Asia and Australasia.
However, even in Northeast Asia the improvement has been dramatic since the first quarter of 2023.
Industry Intelligence: catch up on CAPA’s exclusive market insights – week ending 8-Sep-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.