Corporate Travel Analysis Reports

IHG Hotels & Resorts has announced a slate of voco hotels properties across its European markets as the premium collection brand maintains its fast-paced growth with new signings, recent and forthcoming openings.

With recent signings and openings in France, Spain, the UK & Ireland, Austria, Portugal, and Belgium, these additions take Europe's voco hotels total number of opened and signed properties to 37 as at 30-Sep-2023 (including two pipeline hotels which are IHG rebrands), up from 28 at the end of 2022, marking more than a 25% increase in ten months.

The famous saying that 'all publicity is good publicity' usually attributed to the 19th century circus owner, Phineas T. Barnum is based on the idea that it is always preferable to have attention focused on a name than to be unnoticed.

However, Australian's flag carrier, Qantas, may not currently agree. A new study from research specialist YouGov shows that consumer sentiment towards the airline has soured sharply as news of its recent alleged misconduct spreads. What is more, its local rival, Virgin Australia, has witnessed gains in consumer sentiment amidst Qantas' brand crisis.

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.

Air travellers continue to prioritise speed and convenience and are increasingly embracing biometrics and off-airport processes to deliver it, according to the International Air Transport Association (IATA).

The results of its 2023 Global Passenger Survey (GPS) show passengers "want to spend less time booking and move through the airport faster. And they are increasingly willing to use biometric data to complete more pre-departure tasks off airport to achieve this," according to Nick Careen, IATA's Senior Vice President for Operations, Safety and Security.

The GPS results are based on over 8,000 responses from more than 200 countries.

Business travel in Asia Pacific is poised for significant rebound in 2023 with spending forecast to reach almost USD800 billion by 2027, according to latest observations from the Global Business Travel Association (GBTA).

After challenging years due to the pandemic, for 2023 and beyond, business travel in Asia Pacific is forecast for significant growth, with travel spending gaining 41% to USD $567 billion this year ─ and rising to USD800 billion by 2027, says GBTA.

China's reopening and robust domestic demand will be a big catalyst for the growth. Solid rebound is also anticipated in Japan, South Korea, and Australia, along with the return of international business travel, which is anticipated to boost Singapore, Hong Kong and Malaysia, its research indicates.

Meliá Hotels International has signed an agreement with Guangzhou Aocheng Investment Company Ltd to debut the ME by Meliá brand in Asia-Pacific.

The ME Guangzhou will open its doors in 2027 and will "undoubtedly become the ultimate destination for discerning travellers seeking an extraordinary experience in the vibrant city of Guangzhou," according to the Spanish hotel group.

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.

There remain many unanswered questions on the format of business travel in the post-pandemic world. There are certainly developing trends, but you could argue that these would have developed regardless of the health crisis.

While it may have changed, what is certain though is that business travel remains are relevant as it was before COVID-19 arrived and new research from American Express Global Business Travel (Amex GBT) highlights the continued importance in businesses travelling and people meeting face-to-face.