Logo Travel Business Analyst
 “The most-respected provider of market data, statistics, analysis and trends on the travel business.”
 

Home

NEWS

Sources for information shown in this section are generally the companies or associations concerned, and may not be marked. Other sources marked. Travel Business Analyst is marked 'TBA'.

 

Seat sales by Europe’s airline groups, Fox-on-Friday
26 June 2015
Seat sales by Europe’s big-3 airline groups
Our calculation of seats sold by airline groups in Europe in April, in the current editions of the Travel Business Analyst newsletter, shows -2.0% for AF+KL+A5, +7.9% BA+IB+VY, +6.7% LH+LX+OS.

Fox-on-Friday
Link to a report entitled WYSK (What You Should Know) in the Fox-on-Friday blog. Contains critical comment on Statistical Shocks - China waves; Milan’s airports; Dysfunction Singapore Airlines; Tokyo’s airports. On: https://tbaoffice.wordpress.com/category/fox-on-friday/

Travel industry updates
25 June 2015
-Aeroflot seats sold May 3.3mn +14.1%.
-US nationals outbound travel April 5.5mn +7%.
-Thailand visitor arrivals January-May 12.4mn +25%.
-IAPCO reports meetings organised by members grew from 2153 in 2010 to a “current” 3111. We calculate that to be an average 8.5% annual growth.
*A report on this topic in our Travel Business Analyst newsletter contains some important additional information and analysis on the data shown here.
-STR reports US hotels occupancy May 67.5% +0.8%, average room rate US$120.64 +5.0%.
-IATA reports premium international RPKs April +4.9%; neither totals nor share published.

Airport passengers in Europe
23 June 2015
Our calculation of passenger throughput at ‘low-fare airports’ in Europe for February, in the current editions of the Travel Business Analyst newsletter, derived from ACI data, shows: +14.3% (all airports +5.0%). Last month: +11.5% (+5.0%).

World hotel results
22 June 2015
The March hotel-track in the current editions of the Travel Business Analyst newsletter, shows occupancy growth in points: World 1.0; AsPac -2.8; Europe 2.5; US 1.5. Previous month: World -0.8; AsPac -4.4; Europe 0.2; US 2.0.

Fox-on-Friday
19 June 2015
Link to a report entitled WYSK (What You Should Know) in the Fox-on-Friday blog. Contains critical observations on ICCA changing its figures, and puzzles from PATA. On: https://tbaoffice.wordpress.com/category/fox-on-friday/

Travel industry updates
18 June 2015
-Cathay (with Dragonair) May seats sold 2.90mn, +11.8%.
-Frankfurt airport May passengers handled 5.6mn, +5.4%.
-ARC reports May US travel agency ticket sales US$8.5bn, -5%.

Index, travel stocks
17 June 2015
The April ‘TBA-100 Index’ of travel stock prices, in the current editions of the Travel Business Analyst newsletter, shows: World 180; AsPac 104; Europe 130; US 306. (Base: Dec 06.)

Hotel-room pipeline
16 June 2015
We calculate, from Smith Travel Research data, for May, the number of hotel rooms in the pipeline has grown: World +7%, US +12%, AsPac +7%, Eur -11%.

Index, travel numbers, US
15 June 2015
Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Mar +5E; Feb +4.2P; Jan +4.0. 2014: Dec +4.8; Nov +3.6; Oct +4.5; Sep +5.0; Aug +3.8; Jul +5.3; Jun +5.3; May +5.6; Apr +6.6. (Percentage change over previous year. E=estimate, P=provisional.)

Asia Pacific travel index, Travel Indices, Fox-on-Friday
12 June 2015
Index, travel numbers, Asia Pacific
Our Asia Pacific ‘TBA Travel Industry Index’ in the current Asia Pacific edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Mar +5E; Feb +2.0P; Jan +3.4. 2014: Dec +4.3; Nov +2.1; Oct +4.0; Sep +4.3; Aug +5.7; Jul +5.3; Jun +4.6; May +7.5; Apr +6.2. (Percentage change over previous year. E=estimate, P=provisional.)
Travel Indices
The Baird/STR Hotel Stock Index in May for US hotels was 3817, -1.3%. The TBA All-Travel Index for May shows 177 for World, 297 for US, 130 for Europe, 103 for Asia Pacific.
  The Baird/STR hotel index is based on 1000 at January 2000; the TBA All-Travel Index is based on 100 at December 2006.
Fox-on-Friday
Link to a report entitled ‘WYSK (What You Should Know)’ in the Fox-on-Friday blog contains critical observations on China’s visitor miscounts and Singapore Airlines’ group dysfunction. On: https://tbaoffice.wordpress.com/category/fox-on-friday/

Travel industry updates
11 June 2015
-ACI reports April Europe airport passengers +3.2%.
-Lodging Econometrics reports that 70% of the hotel room pipeline in Asia Pacific is in China, with 1700 projects and 435,000 rooms - with Beijing alone having 95 projects with 13,600 rooms.
*A report on this topic in our Travel Business Analyst newsletter contains some important additional observations on the data shown here.
-SAS May seats sold 2.4mn -7.3%.
-US commerce department forecasts 2015 visitors 77.6mn +3.6%.
-For this year, WTO forecasts +3-4% for world visitor arrivals - Asia Pacific +4-5%, Europe +3-4%, Americas +4-5%.

Travel industry updates
10 June 2015
-Air Berlin May seats sold 2.84mn -4.3%.
-Air France group (AF, Hop, KLM; not Transavia) May seats sold 6.8mn +3.2%.
-American May RPKs +0.7%.
-Easyjet May seats sold 6.49mn +7.2%.
-IPK International for ITB Berlin says ‘luxury travel’ (short trips with nightly spend at least US$833 (at US$1 to €0.90), long trips US$556) totalled 46mn visitor arrivals in 2014. Growth not given.
  IPKI puts growth at 48% over five years. That would be an annual average rate of 8.2%. That period is an awkward one to choose, as it probably shows big improvement after 2008/9 slowdown in travel. Total travel over that same period (we are assuming 2010-14; IPK does not say) +3.6%.
*A report on this topic in our Travel Business Analyst newsletter contains some important additional observations on the data shown here.

Index, travel numbers, Europe
9 June 2015
Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Mar +7E; Feb +7.0P; Jan +6.7. 2014: Dec +5.5; Nov +6.1; Oct +3.2; Sep +4.7; Aug +4.3; Jul +3.5; Jun +6.0; May +3.5; Apr +5.3. (Percentage change over previous year. E=estimate, P=provisional.)

Asia outbound confuses IPKI/ITBB
8 June 2015
IPK International and ITB Berlin continue their hard-to-understand analysis of travel movements. Viz:
-Outbound trips from Asia grew 8% in 2014, which IPKI/ITBB put at double world growth.
-Japan’s share of outbound trips fell “considerably, due to deflation”. No data given to clarify ‘considerably’. Japan has had deflation since 1990, since when outbound travel has grown fast in some periods – so this is not the reason for the current fall. Also, IPKI/ITBB blame deflation for a fall in share – although ‘share’ is a mathematical measure.
-India, Korea, Taiwan “reported steady growth”. No data. Also, India does not report outbound data, so IPKI/ITBB may be using their own sources.
-“[Most; 75%] Asians preferred to holiday on their own continent”. Another conflict on nationality and total travel. Here, IPKI/ITBB categorise travel as ‘holiday’, where most other has been all sectors; this may simply be a mistake.
*A report on this topic in our Travel Business Analyst newsletter contains some important additional observations on the data shown here.

Fox-on-Friday
5 June 2015
-Link to a report entitled ‘WYSK: Macau undercooked; City visitor counts’ in the Fox-on-Friday blog contains comment on What You Should Know – critical observations on problems for the Big Mac destination, and a new ranking of city arrivals. On: https://tbaoffice.wordpress.com/category/fox-on-friday/

Travel industry updates
4 June 2015
-Air Asia Q1 seats sold were 5.5mn, +3.1%. AA group 11.9mn, +3.5%.
-IAG (British Iberia Vueling) May RPKs grew 5.7%.
-IATA reports April RPKs grew 5.9%.
-Jet Airways Apr 14-Mar 15 seats sold were 22.5mn, +9.6%.
-Ryanair May seats sold were 9.5mn, +16%.

Index, travel numbers, world
3 June 2015
Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Mar +5E; Feb +5.1P; Jan +5.2. 2014: Dec +5.8; Nov +4.3; Oct +4.5; Sep +4.9; Aug +4.9; Jul +4.8; Jun +4.8; May +5.7; Apr +6.4. (Percentage change over previous year. E=estimate, P=provisional.)

TBA Travel-Tech-Stocks Index, US updates
2 June 2015
TBA Travel-Tech-Stocks Index
Our ‘TBA Travel-Tech Index’ for travel stocks of OTAs (+Amadeus) in April, in the current editions of our monthly Net Value report, was at 136. Last month 135.

US updates:
-STR/Tourism Economics forecast 2015 hotel occupancy will be 65.3%, +1.4%, and average room rate US$120.93, +5.2%.
-Jan-Apr overseas (all except Canada, Mexico) air passengers 45.5mn, 71% of all international, +4%.
-Detailed analysis of visitors in 2014 now available. A selection*:
  -Most visited state: New York, 9.98mn, +2%.
  -Most visited city: New York 9.74mn, +2%.
  -Trip purpose: Leisure 23.5mn + 10%; VFR 10.4mn + 13%; Business 5.2mn +5%; Convention 3.0mn, flat.
-Average number of states visited 1.5, +0.1.
-Length of stay 18.4 nights, +0.9.
-Travel party size 1.7, +0.1.
-First-time travellers 23.8%, +0.1pt.
*A report on this topic in our Travel Business Analyst newsletter contains some important additional observations on the data shown here.

Travel Stocks
1 June 2015
Travel stocks (US, AsPac, Eur) in May. Airlines: biggest growth, Ryanair +11%; biggest fall, American -12%. Hotels: Melia +6%, Wynn -9%. Others: Expedia +14, Avis -6%.
  Previous month: Airlines: biggest growth, China Southern +39% (sic); biggest fall, Jet AW -22%. Hotels: ShangriLa +11%, Wynn -11%. Others: CTS +37% (sic), Royal Caribbean -16%.
  TBA Travel Stocks Index: WW 177, US 297, AsPac 103, Eur 130.  Index previous month: WW 180, US 306, AsPac 104, Eur 130.
  Stockmarkets. Biggest growth, Tokyo +5%; biggest fall, Kuala Lumpur -4%.
  Info via Travel Business Analyst. Details in next month’s newsletters.

Fox-on-Friday
29 May 2015
-Link to a report entitled ‘WYSK: Jumeirah Hotels. Chrisis is Coming!’ in the Fox-on-Friday blog contains comment on What You Should Know – critical observations on Jumeirah’s not-flawless leader, and some worrying airline results. On: https://tbaoffice.wordpress.com/category/fox-on-friday/

TBA All-Travel Index
28 May 2015
The January ‘TBA All-Travel Index’ in the current editions of the Travel Business Analyst newsletter, for Asia Pacific travel, is at +4% over the same month in 2013. Previous month +5%.

Ryanair, Top-3 no-frills-airlines
27 May 2015
Ryanair annual report
-Ryanair fiscal year thru March: 90.6mn seats sold, +11%; seat factor 88%, +5pts. Target 2015/16 +10% seats sold.

Seat sales by top-3 no-frills-airlines
Our calculation of seats sold by world’s top no-frills-airlines (in each of 3 regions) in March, in the current editions of the Travel Business Analyst newsletter, shows Ryanair +28.2% (sic), Southwest +5.7%, (and Q4 ’14 only) Air Asia +2.2%.

Ryanair gets bigger, Travel Intelligence
26 May 2015
Ryanair gets bigger
Ryanair, which became Europe’s biggest single airline in seats sold in 2009, overtook the 2nd-biggest group Air France (which includes AF, Hop, KLM, Transavia) in Q1. It is on track to overtake the largest group, Lufthansa’s, in Q2.
  (Ryanair, in seats sold, overtook British in 2006, Air France + KLM (for long their data has not been separated, probably because of weaker AF counts) in 2007, and Lufthansa in 2009.)

Travel Intelligence
Link to Travel Intelligence column, in TTG Asia, page 6, compiled by Murray Bailey, editor of Travel Business Analyst. On:
http://epublishbyus.com/ebook/ebook?id=10041215#/6

 

Europe’s big-3 airline groups, Travel Pursuits
25 May 2015
Seat sales by Europe’s big-3 airline groups
Our calculation of seats sold by airline groups in Europe in March, in the current editions of the Travel Business Analyst newsletter, shows -0.4% for AF+KL+A5, +10.5% BA+IB+VY, -0.2% LH+LX+OS.

Travel Pursuits
Link to Travel Pursuits column (travel trade humour, quiz, crossword), in TTG Asia, page 26, compiled by Murray Bailey, editor of Travel Business Analyst. On: http://epublishbyus.com/ebook/ebook?id=10041215#/26

 

Airport passengers, Fox-on-Friday
22 May 2015
Airport passengers in Europe
Our calculation of passenger throughput at ‘low-fare airports’ in Europe for, in the current editions of the Travel Business Analyst newsletter, derived from ACI data, shows: +11.5% (all airports +5.7%). Last month: +13.3% (+5.2%).

Fox-on-Friday
-Link to a report entitled ‘WYSK: China Southern, Tahiti’ in the Fox-on-Friday blog contains comment on What You Should Know – critical observations on China Southern and Tahiti. On: https://tbaoffice.wordpress.com/category/fox-on-friday/

 

Travel industry updates
21 May 2015
-Aeroflot April seats sold were 2.9mn, +15.1%.
-Air Asia X Q1 RPKs were -17%.
-Airlines for America forecasts 222mn seat sales, +4.5%, on US airlines this summer, Jun 1 – Aug 31.
-Cathay (with Dragonair) April seats sold were 2.91mn, +7.7%.
-IATA reports March premium international travel (presumed to be RPKs) +4.4%; +7.8% in Europe.

US updates:
20 May 2015
-US nationals March outbound travel was +7%.
-US travel agency April sales were US$8.3bn, -1.2%.
-The Baird/STR Hotel Stock Index in April for US hotels was 3868, -1.5%.

World hotel results
19 May 2015
The February hotel-track in the current editions of the Travel Business Analyst newsletter, shows occupancy growth in points: World -0.8; AsPac -4.4; Europe 0.2; US 2.0. Previous month: World 2.9; AsPac 2.3; Europe 4.3; US 2.2.

Hotel-room pipeline
18 May 2015
We calculate, from Smith Travel Research data, for April, the number of hotel rooms in the pipeline has grown: World +8%, US +15%, AsPac +7%, Eur -6%.

US Travel Index, Fox-on-Friday
15 May 2015
Index, travel numbers, US
-Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Feb +4E; Jan +4.0P. 2014: Dec +4.8; Nov +3.6; Oct +4.5; Sep +5.0; Aug +3.8; Jul +5.3; Jun +5.3; May +5.6; Apr +6.6; Mar +1.4. (Percentage change over previous year. E=estimate, P=provisional.)

Fox-on-Friday
-Link to a report entitled ‘WYSK: ICCA, PATA’ in the Fox-on-Friday blog contains comment on What You Should Know – critical observations on ICCA and PATA. On: https://tbaoffice.wordpress.com/category/fox-on-friday/

Travel industry updates
14 May 2015
-Air Berlin April seat sales: 2.36mn, -7.6%.
-Air France-KLM April seat sales: 6.5mn, - 2.0%.
-American April RPKs: -0.3%.
-Copenhagen airport Q1 passengers handled: 5.4mn, +1.8%.
-Easyjet April seat sales: 6.01mn, +3.8%.
-Frankfurt airport Q1 passengers handled: 12.5mn +2.7%.
-IAG (British Iberia Vueling) April RPKs: +4.0%.
-PATA reports that there were 550mn visitors, +6%, in Asia Pacific in 2014.
-SAS April seat sales: 2.2mn, -9.6%.
-Southwest April RPKs: +8.6%.
-Turkish Q1 seat sales: 12.8mn, +6.5%.
-United April RPKs: +0.4%.
-Europe airports March passengers handled: +5.5%.
-Europe airports Q1 passengers handled: +5.2%.

ICCA’s ranking changes
13 May 2015
A report on this topic in our Travel Business Analyst newsletter contains some important additional observations on the data shown here.
The order of the top-5 cities in Europe for association meetings changed in 2014. A year ago it was Vienna, Paris, Barcelona, Berlin, Madrid. The new count is Paris (an average 184 meetings), Vienna (183), Berlin (166), Barcelona (163), Madrid (159).
  (These are based on 5-year averages. This is what the industry says is the best measuring system. ICCA, which provided the base data for our statistics agrees – but still publishes its lists based on single-year data!)
  ICCA does not say, but overall meetings growth appears to be about 7.5%.
  Although there is great media attention to these numbers, their importance, even in the Meetings segment of the MICE sector, is small.

Travel internet and industry updates
12 May 2015
Travel internet and industry updates
Different reports on these topics are published in our Net Value monthly-report. They highlight some important observations on the data as presented here.
-As we have noted before, Facebook counts cannot yet be related to business development. For example, Qatar Airways, a small airline, says it now has 8mn fans on Facebook, more fans than any other airline. Its last 4mn were added in six months.
-France-based Magic Event (which targets MICE travellers looking for accommodation other than a hotel) forecasts it will have 30,000 properties (apartments, studios, villas) end-2015, then 100,000 end-2016. It had 2800 end-2014.

Travel industry updates
-Ryanair April seat sales were 9mn, +16%.
-US Q1 international seat sales were 47.1mn, +5%.

Index, travel numbers, Asia Pacific
11 May 2015
Our Asia Pacific ‘TBA Travel Industry Index’ in the current Asia Pacific edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Feb +2E; Jan +2.5P. 2014: Dec +4.3; Nov +2.1; Oct +4.0; Sep +4.3; Aug +5.7; Jul +5.3; Jun +4.6; May +7.5; Apr +6.2; Mar +1.6. (Percentage change over previous year. E=estimate, P=provisional.)

Fast March for airlines
8 May 2015
A report on this topic in our Travel Business Analyst newsletter contains some important additional observations on the data shown here.
IATA reports RPKs +7.4%, crediting the fast growth to “residual impact” of the Lunar New Year holiday.
  We disagree. One, LNY was February 19, and so unlikely to affect much traffic for the following month – starting 10 days after LNY. And two, LNY affects primarily Chinese-related traffic. That includes of course China - and which is big - but hardly Europe, Americas, Africa, Middle East.
  The most likely reason for the fast growth is economies. Growing well in the UK and US, and with renewed confidence in the Eurozone, even if figures are still weak (as IATA notes). Asia Pacific economic results are more nuanced; perhaps the best is to say that the news is not good, but it is not bad either.
  IATA needs to look again.
  Details:
-International +7.0%: Asia Pacific airlines +11.1%, Europe +5.4%, North America +2.7%.
-Domestic +8.0%: Australia +2.9%, Brazil +2.0%, China +22.0%, India +17.9%, Japan +2.3%, Russia +2.7%, US +3.0%.

Index, travel numbers, Europe
7 May 2015
Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Feb +6E; Jan +6.6P. 2014: Dec +5.5; Nov +6.1; Oct +3.2; Sep +4.7; Aug +4.3; Jul +3.5; Jun +6.0; May +3.5; Apr +5.3; Mar +1.1. (Percentage change over previous year. E=estimate, P=provisional.)

Travel internet updates
6 May 2015
Different reports on these topics are published in our Net Value monthly-report. They highlight some important observations on the data as presented here.
-Research (from HNN and Sean Hennessy) indicates AirBnB accounted for 5.4% of roomnights in New York in the past year. That would be a 2.9% share.
-In North America, the number of events offering online attendee registration grew 4% in 2014, according to CWT. To us, this seems tiny and might even be cancelled out by the margin of error.
-A SITE survey found 51% think online booking systems for group services will ‘increase’ or ‘substantially increase’ over the next six months. 47% think no change.

Q1: Things you should know
5 May 2015
Some important pointers from some Q1 counts (alphabetical order):
-Air France. Not easy to read figures because definitions changed often. But group seat sales - which include Hop, KLM, Transavia - only +1%. We know T is growing faster, +12% (although it should be better), and we think KLM is growing around 2-3%. That means AF and Hop are in trouble.
-Dubai airport passengers +7%. That is just above the all-2014 rate - +6%.
-Japan’s visitors +44%. A lot is thanks to China (+92%, and +160% in the Lunar New Year month!). Even if the China/Japan political thaw is hardly starting, the Chinese people, it seems, are already voting with their feet.
-Korea outbound. Even though it has just overtaken Japan (this year), it is now already 20% bigger.
-Ryanair, do not forget, is Europe’s biggest airline (of all types). Yet, its seat sales +30%! That makes it the same size as AF+KL and BA+IB, and about to zoom past LH+LX+OS.

Index; travel industry updates
4 May 2015
Index, travel numbers, world
Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Feb +5E; Jan +5.1P. 2014: Dec +5.8; Nov +4.3; Oct +4.5; Sep +4.9; Aug +4.9; Jul +4.8; Jun +4.8; May +5.7; Apr +6.4; Mar +1.5. (Percentage change over previous year. E=estimate, P=provisional.)

Travel industry updates
-Dubai airport handled 6.74mn passengers, +7.2%, in March.
-STR reports US hotel occupancy was 61.1%, +3.1%, average room rate US$117.09, +4.7%, in Q1.

Travel Stocks
1 May 2015
Travel stocks (US, AsPac, Eur) in April. Airlines: biggest growth, China Southern +39% (sic); biggest fall, Jet AW -22%. Hotels: Shangri-La +11%, Wynn -11%. Others: CTS +37% (sic), Royal Caribbean -16%.
  Previous month: Airlines: biggest growth, Air China +41% (sic); biggest fall, Air Asia -13%. Hotels: NH +9%, Wynn -12%. Others: T Cook +13%, Priceline -7%.
  TBA Travel Stocks Index: WW 180, US 306, AsPac 104, Eur 130.  Index previous month: WW 179, US 306, AsPac 99, Eur 132.
  Stockmarkets. Biggest growth, Hong Kong +13%; biggest fall, Frankfurt -5%.
  Info via Travel Business Analyst. Details in next month’s newsletters.

TBA All-Travel Index
30 April 2015
The December ‘TBA All-Travel Index’ in the current editions of the Travel Business Analyst newsletter, for Asia Pacific travel, is at +5% over the same month in 2013. Previous month +3%.

Travel industry updates
29 April 2015
-London Heathrow airport handled 16.4mn passengers, +2.0%, in Q1.
-Singapore airport handled 4.54mn passengers, +0.9%, in March.
-Starwood Hotels plans to open 40 hotels in Europe 2015-19.
-United Airlines RPKs were +0.1% in Q1.
-Outbound travel by US nationals to overseas markets 4.2mn, +6%, in February.

Seat sales by top-3 no-frills-airlines
28 April 2015
Our calculation of seats sold by world’s top no-frills-airlines (in each of 3 regions) in February, in the current editions of the Travel Business Analyst newsletter, shows +4.3% for Southwest, +29.9% (sic) Ryanair, (and Q4 only for) Air Asia, +2.2%.

Seat sales by Europe’s big-3 airline groups
27 April 2015
Our calculation of seats sold by airline groups in Europe in February, in the current editions of the Travel Business Analyst newsletter, shows +0.8% for AF+KL, +8.0% BA+IB+VY, -1.1% LH+LX+OS.

Travel industry updates
24 April 2015
-Aeroflot sold 1.9mn seats, + 5.6%, in March. The Aeroflot group sold 2.8mn, +14.3%
-Following our questions, Future Market Insights has restated its figures on the world’s car-rental market* - US$51.2bn in 2014 and forecast to be US$106bn in 2020.
*A report on this topic in our Travel Business Analyst newsletter contains some important additional observations on the data shown here.

Airport passengers in Europe
23 April 2015
Our calculation of passenger throughput at ‘low-fare airports’ in Europe for November, in the current editions of the Travel Business Analyst newsletter, derived from ACI data, shows: +13.3% (all airports +5.2%). Last month: +7.8% (+5.0%).

Taiwan Update
22 April 2015
-There has been a 10x increase in five years in visitors from China into Taiwan, although from a tiny base.
  In 2013, China’s share was 36%, growth 11%, and although faster than the overall 10%, not much. Because China was a newish market, and with total-China outbound growing 18%, Taiwan should have been achieving at least 20% growth.
  This was corrected in 2014 – growth was 39% to give China a 40% share. That was well above total China outbound, growing around 15%.
  Direct flights China-Taiwan opened progressively starting 2003, then rapidly from 2008, then from 2009 were more or less entirely open. Now there are an average of 100 flights daily.
-THSR (Taiwan High Speed Rail), which runs 345km Taipei-Kaohsiung, has eight stations; four more are due this year.
  Daily ridership of about 130,000 has decimated air travel; half the air routes between Taipei and the country's western cities had been discontinued. Total domestic air traffic was expected to be halved and the last Taipei-Kaohsiung flight stopped in 2012.
  THSR also affected other modes of transport. After THSR started, non-high-speed train traffic Taipei-Kaohsiung fell 10%. We are surprised it was not more. So this probably indicates that THSR took most of its traffic from air, but see also next.
  The parallel road expressway also lost 10% of its traffic, and long-distance bus companies lost 20-30%.
Notes: Other related reports on Taiwan have appeared in the Foxtrots and Trottings blogs.

World hotel results
20 April 2015
The January hotel-track in the current editions of the Travel Business Analyst newsletter, shows occupancy growth in points: World 2.9; AsPac 2.3; Europe 4.3; US 2.2. Previous month: World 2.0; AsPac -0.2; Europe 3.0; US 2.4.

Updates on Kyoto, Sun Star, ITB/IPK reports
21 April 2015
-Kyoto, Japan targets 3mn foreign visitors in 2020. That would mean annual average growth of 15.0%, and thus the target is unlikely to be reached.
-South Africa’s Sun Star hotel group, capitalising on the memory of the late-president Nelson Mandela, has built (a meritless) art installation overlooking the city. It can hold 100 people.

Some findings in two reports from ITB Berlin and IPK International. One on general outbound (data shown is as given; no consistency in report) and the other on young (15-29 years) and old (not defined; we presume 60+) from Germany and the UK:
-Early bookings (at least four months before departing): From China 8%; Germany 29%; Japan 8%; Netherlands 33%; Russia 6%; UK 28%.
-Last-minute bookings (less than one month before departing). China 62%, compared with 73% year earlier; from France 53% and 51%; Germany 46% NA; Italy 64% 69%; Japan 58% 53%; Russia 73% (same).
-Germany has 19% of the market in Europe for young travellers, UK 9%.
-Germany has 17% of the market in Europe for older travellers, UK 19%.
-Of young from Germany 40% prefer sun and beach, but only 29% of older travellers. Opposite for UK - 29% of young prefer sun and beach, but 40% of older travellers.
-Top-3 destinations are the same for both markets - Spain, France, Italy.

Index, travel stocks
17 April 2015
The March ‘TBA-100 Index’ of travel stock prices, in the current editions of the Travel Business Analyst newsletter, shows: World 179; AsPac 99; Europe 132; US 306. (Base: Dec 06.)

-Link to a report entitled ‘PAGPFT: GTAC IATA WTO WTTC’ in the Foxtrots blog contains critical comment on banal statements from GTAC – a new creation from IATA, WTO, WTTC. On: https://tbaoffice.wordpress.com/2015/04/17/pagpft-gtac-iata-wto-wttc/

-Link to a report entitled ‘France Fiddles Figures?’ in the Foxtrots blog contains critical comment on the claim of France’s DMO that it counts more arrivals from the US than does the UK. On: https://tbaoffice.wordpress.com/2015/04/14/france-fiddles-figures/

Travel industry updates
16 April 2015
-ARC reports that air tickets sold were US$8.7bn, +2.2%, in March.
-ARC reports that air tickets sold were US$24.1bn, +0.2%, over Jan-Mar. Ticket transactions 41.3mn +4.6%, passenger segments 88.5mn, +1.4%.
-PATA forecasts that there will be 547mn visitor arrivals, +6%, in AsPac this year. PATA’s ‘Asia Pacific’ is eclectic, including, for instance, North America except Mexico, and Chile.

-Link to a report entitled ‘Cheating via Kayak, to CarDelMar and Goldcar’ in the Trottings blog on bad client treatment. On: https://tbaoffice.wordpress.com/2015/04/04/trottings-cheating-via-kayak-to-cardelmar-and-goldcar/

Visitor spend totals
15 April 2015
The WTO reports spending in destinations by visitors US$1.245tn, +3.7% (in real terms, taking into account exchange rate fluctuations and inflation) in 2014. And spending by travellers on international passenger transport US$221bn; no growth given.

Hotel-room pipeline
14 April 2015
We calculate, from Smith Travel Research data, for March, the number of hotel rooms in the pipeline has increased: World +7%, US +14%, AsPac +6%, Eur -7%.

-Link to Travel Intelligence column, in TTG Asia, page 6, compiled by Murray Bailey, editor of Travel Business Analyst: http://epublishbyus.com/ebook/ebook?id=10040896#/6

-Link to Travel Pursuits column (travel trade humour, quiz, crossword), in TTG Asia, page 30, compiled by Murray Bailey, editor of Travel Business Analyst: http://epublishbyus.com/ebook/ebook?id=10040896#/30

Index, travel numbers, US
13 April 2015
Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Jan +4E. 2014: Dec +5P; Nov +3.6; Oct +4.5; Sep +5.0; Aug +3.8; Jul +5.3; Jun +5.3; May +5.6; Apr +6.6; Mar +1.4; Feb +2.9. (Percentage change over previous year. E=estimate, P=provisional.)

Index, travel numbers, Asia Pacific
10 April 2015
Our Asia Pacific ‘TBA Travel Industry Index’ in the current Asia Pacific edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Jan +3E. 2014: Dec +4P; Nov +2.1; Oct +4.0; Sep +4.3; Aug +5.7; Jul +5.3; Jun +4.6; May +7.5; Apr +6.2; Mar +1.6; Feb +5.3. (Percentage change over previous year. E=estimate, P=provisional.)

Travel industry updates
9 April 2015
-Travel spending (domestic and inbound) in the US grew 4.5% in Q4, compared with GDP growth of 2.2%.
-Easyjet sold 5.49mn seats, +7.5%, in March.
-IATA members’ RPKs were +6.2% in February.
-IAG (British, Iberia, Vueling) RPKs were +7.4% in March.
-Ryanair sold 6.67mn seats, +28%, in March.
-ACI reports airports in Europe handled +5.0% passengers in February.
-Air France-KLM sold 6.3mn seats, -0.4%, in March. Transavia 0.6mn, +9.0%.

Index, travel numbers, Europe
8 April 2015
Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Jan +7E. 2014: Dec +6P; Nov +6.1; Oct +3.2; Sep +4.7; Aug +4.3; Jul +3.5; Jun +6.0; May +3.5; Apr +5.3; Mar +1.1; Feb +5.1. (Percentage change over previous year. E=estimate, P=provisional.)

Travel Indices
7 April 2015
The Baird/STR Hotel Stock Index in March was 3929, -0.2%. The TBA All-Travel Index, for March, shows 179 for World, 306 for US, 132 for Europe, 99 for Asia Pacific.
  The Baird/STR hotel index is based on 1000 at January 2000, the TBA All-Travel Index is based on 100 at December 2006.

Index, travel numbers, world
6 April 2015
Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2015: Jan +5E. 2014: Dec +6P; Nov +4.3; Oct +4.5; Sep +4.9; Aug +4.9; Jul +4.8; Jun +4.8; May +5.7; Apr +6.4; Mar +1.5; Feb +5.2. (Percentage change over previous year. E=estimate, P=provisional.)

Travel industry updates
3 April 2015
Different reports on these topics are published in the Travel Business Analyst newsletters, Net Value, People-in-Travel monthly-reports. They highlight some important observations on the data as presented here.
-Phocuswright says 22mn adults in the US market stayed in private accommodation when travelling for leisure over the past year. That represents a sizeable 17% of all US travellers. Of the 83% remaining, 68% did not even consider renting a home, apartment or space when travelling, and 15% considered but did not rent.
-Aeroflot targets for its new no-frills-airline Pobeda (Victory) for 2018 are 40 B737s, 45 routes, 10mn seats sold. These are the same numbers that were targetted for another NFA, Dobrolet, and also for 2018, which Aeroflot launched then shut down in summer 2014.
-Air Berlin, and now its new CEO, Stefan Pichler, have serious strategic problems. Part-owner Etihad seems to regard the airline as a feeder to its routes out of Abu Dhabi.
  But what of the rest of AB’s network? Take Nice-Berlin. Few will fly, say, NCE-BER-Abu Dhabi, then on Etihad to Australia. So if NCE-BER is not making profits, will Etihad/Pichler stop the route?

Travel industry updates
2 April 2015
-Aeroflot sold 5.1mn seats, +15.7%, over January and February.
-IATA reports RPKs grew 6.2% in February – international +6.8%, domestic +5.3%.
-IPKI/ITBB forecast +3% growth for Europe outbound this year.

Travel Stocks
1 April 2015
Travel stocks (US, AsPac, Eur) in March. Airlines: biggest growth, Air China +41% (sic); biggest fall, Air Asia -13%. Hotels: NH +9%, Wynn -12%. Others: T Cook +13%, Priceline -7%.
  Previous month: Airlines: biggest growth, SAS +11%; biggest fall, Jet -14%. Hotels: Starwood +12%, Jinjiang -10%. Others: Orbitz +17%, CTS -4%.
  TBA Travel Stocks Index: WW 179, US 306, AsPac 99, Eur 132.  Index previous month: WW 179, US 315, AsPac 98, Eur 125.
  Stockmarkets. Biggest growth, Frankfurt +5%; biggest fall, Bangkok -4%.
  Info via Travel Business Analyst. Details in next month’s newsletters.

Travel industry updates
31 March 2015
-Dubai airport handled 5.97mn passengers, +5.3%, in February.
-US international air seats were 30mn, +6%, in January and February.
-Euromonitor has just released its counts for visitors in the top-100 cities – but for 2013. Our coverage is less comprehensive – the top 20 - but for 2014. We normally would release later, but to supplement Euromonitor’s 2013 coverage – which, unfortunately, becomes academic when released in 2015 – we show our initial counts.
  EM’s top-5, 2013: Hong Kong 26mn, Singapore 22mn, Bangkok 17mn, London 17mn, Paris 15mn. Our top-5, 2014: London 18mn, Bangkok 16mn, Paris 15mn, Singapore 15mn, Hong Kong 14mn.
Our report on this topic is in the current issue of the Travel Business Analyst newsletter. A different report is also included in the Foxtrots blog.

TBA All-Travel Index
30 March 2015
The October ‘TBA All-Travel Index’ in the current editions of the Travel Business Analyst newsletter, for Asia Pacific travel, is at +3% over the same month in 2013. Previous month +4%.

Seat sales by top-3 no-frills-airlines
27 March 2015
Our calculation of seats sold by world’s top-3 no-frills-airlines in January, in the current editions of the Travel Business Analyst newsletter, shows +6.5% for Southwest, +31.1% (sic) Ryanair, (and Q4 only for) Air Asia, +2.2%.

AsPac 2014 outbound, travel industry updates
26 March 2015
-We calculate that visitor arrivals in Asia Pacific grew about-5.1% to 234mn in 2014, and outbound travel from AsPac markets about-9.2% to 236mn. Most of that outbound is from China (yes, 54%); without China, the AsPac total would have been about-5.4% to 127mn.
-Frankfurt airport handled 60mn passengers, +2.6%, in 2014.
-US (nationals only) outbound 4.9mn, +10%, in January.

Seat sales by Europe’s big-3 airline groups
25 March 2015
Our calculation of seats sold by airline groups in Europe in January, in the current editions of the Travel Business Analyst newsletter, shows +0.5% for AF+KL, +8.6% BA+IB+VY, -1.2% LH+LX+OS.

No-frills-/full-service-airlines, Asia Pacific/Europe
24 March 2015
We calculate that seat sales for NFAs (no-frills-airlines) in Europe grew about-7.5% in 2014. That was almost double the about-3.4% for FSAs (full-service-airlines). The difference was much less in Asia Pacific – about-7.7% for NFAs, not much faster than the about-6.3% for FSAs.

Europe airport passengers, US hotels
23 March 2015
Airports
-Our calculation of passenger throughput at ‘low-fare airports’ in Europe for October, in the current editions of the Travel Business Analyst newsletter, derived from ACI data, shows: +7.8% (all airports +5.0%). Last month: +7.8% (+3.8%).
US hotels
-STR reports occupancy 62.3%, +3.2%, average room rate US$116.55, + 4.7%, in February.

China/Japan; outbound Japan, Korea
20 March 2015
-Is the China/Japan political face-off ending – for non-politicos? Arrivals in Japan from China in the first two months grew 99%. That helped Japan to report an extraordinary 43% growth in total arrivals over Jan-Feb. That’s the good news. The bad is that outbound travel continues to crumble – down 6% over Jan-Feb.

-It happened much faster and much bigger than we expected. Korea is now a bigger outbound travel market than Japan. Jan-Feb: 2.5mn from Japan; 3.3mn from Korea.

US travel agencies, Cathay Pacific
19 March 2015
-ARC reports that ticket sales by US-based travel agencies were US$7.7bn, +0.03% in February.
-Cathay Pacific with Dragonair:
  -Took exactly the same revenue per seat sold in 2014 as in 2013 – US$433. However, operating profit grew 11.8% to US$18 per seat sold.
  -Sold 31.6mn seats, +5.5%, in 2014.
  -Sold 2.68mn seats, +12.4%, in February.

World hotel results
18 March 2015
The December hotel-track in the current editions of the Travel Business Analyst newsletter, shows occupancy growth in points: World 2.0; AsPac -0.2; Europe 3.0; US 2.4. Previous month: 1.2; -2.5; 3.5; 1.3.

Korea overtaking Japan
17 March 2015
Korea is on track to become a larger outbound travel market than Japan. We estimate 16.6mn travellers from Japan in the next 12 months, probably Jan-Dec this year, and 16.9mn from Korea.

Index, travel stocks
16 March 2015
The February ‘TBA-100 Index’ of travel stock prices, in the current editions of the Travel Business Analyst newsletter, shows: World 179; AsPac 98; Europe 125; US 315. (Base: Dec 06.)

US travel index, Hotel-room pipeline
13 March 2015
Index, travel numbers, US
Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Dec +5E; Nov +4P; Oct +4.5; Sep +5.0; Aug +3.8; Jul +5.3; Jun +5.3; May +5.6; Apr +6.6; Mar +1.4; Feb +2.9; Jan +4.0. (Percentage change over previous year. E=estimate, P=provisional.)

Hotel-room pipeline
We calculate, from Smith Travel Research data, for February, the number of rooms in the pipeline has increased: World +14%, US +18%, AsPac +20%, Eur +2%.

US updates:
12 March 2015
-US visitors 75mn, +7%, in 2014; overseas (excluding Canada, Mexico) 34mn, +8%.
-US international air passengers 16.1mn, +5.4%, in January.

Index, travel numbers, Europe
11 March 2015
Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Dec +5E; Nov +6P; Oct +3.2; Sep +4.7; Aug +4.3; Jul +3.5; Jun +6.0; May +3.5; Apr +5.3; Mar +1.1; Feb +5.1; Jan +6.3. (Percentage change over previous year. E=estimate, P=provisional.)

Index, travel numbers, Asia Pacific
10 March 2015
Our Asia Pacific ‘TBA Travel Industry Index’ in the current Asia Pacific edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Dec +4E; Nov +2P; Oct +4.0; Sep +4.3; Aug +5.7; Jul +5.3; Jun +4.6; May +7.5; Apr +6.2; Mar +1.6; Feb +5.3; Jan +5.5. (Percentage change over previous year. E=estimate, P=provisional.)

ITB Berlin 2015
9 March 2015
Some results for last week’s ITB Berlin were better than we outlined in a report last week. Details:
-175,000 total visitors, +0.6%.
-115,000 trade visitors, +0.9%, of which 43% were from abroad, +3pts. Their length of stay was 2.4 days. +14.3%.
-10,096 exhibitors, -0.5%, from 186 countries, -1.6%.
-23,000 visitors, +4.5%, attended ITBB’s convention, but as entrance is free, the count is not a clear indicator of its value.
-Volume of business conducted (a figure not possible to verify) was US$7.4bn (at US$1 to €0.90), +3.1%. We calculate that as: US$42,500 per visitor, +2%; US$64,750 per trade visitor, +2%; US$737,000 per exhibitor, +4%.

ITB Berlin data
6 March 2015
-This week’s ITB Berlin appears to be smaller. All 2015 data will not be available until next week. But organisers Messe Berlin announced 10,096 exhibitors from 186 countries, and at least 100,000 trade visitors. In 2014 there were 10,147 exhibitors from 189 countries, a total 174,000 visitors including 114,000 trade visitors.
-Maldives expects that being the country partner of ITB Berlin (ITBB 2015 to ITB 2016) will “attract a visitor increase of around 8%”. This will be impossible to measure as the DMO forecasts 4mn visitors for 2015. It reports this as a 20% growth, although it is actually 30%. But whether +20% or +30%, the 8% thanks to ITBB will be part of that total, and not possible to separate.
-Mongolia targets 1mn visitors in 2020, contributing 14% of GDP. 2014: ‘about’ 400k and 5.3%.
-Myanmar visitor arrivals in 2014 were 3.08mn, +50.7%.
-Euromonitor says private travel rentals were worth US$39bn in 2013 and forecasts US$46bn in 2018. It reports this as 19% growth, which looks sizeable. But it is actually only an annual average 3.4%, which is laughably small. We estimate 20% annual growth, which, on Euromonitor’s 2013 total, would mean near US$100bn in 2018.

Travel industry updates
5 March 2015
-The Baird/STR hotel stock index was 3939, +4.5%, in February.
-Sheraton plans to open 20 hotels in 2015.
-Starwood plans to open 40 hotels in Europe 2015-19.

Index, travel numbers, world. ITB Berlin report.
4 March 2015
Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Dec +6E; Nov +4P; Oct +4.5; Sep +4.9; Aug +4.9; Jul +4.8; Jun +4.8; May +5.7; Apr +6.4; Mar +1.5; Feb +5.2; Jan +6.1. (Percentage change over previous year. E=estimate, P=provisional.)

-Link to Travel Intelligence reports on Germany, in TTG Asia’s ITB Berlin March 4 daily, pages 4&5, compiled by Murray Bailey, editor of Travel Business Analyst:
http://epublishbyus.com/ebook/ebook?id=10040550#/4

Travel industry updates
3 March 2015
-Copenhagen airport handled 25.6mn passengers +6.5%, in 2014.
-Dubai airport handled 6.90mn passengers, +7.7%, in January.
-Eurostar sold 10.4mn seats, +3%, in 2014.
-IAG (British Iberia Vueling) RPKs were +5.5% in February.
-IATA reported RPKs were +4.6% in January.
-Ryanair sold 5.8mn seats, +29%, in February.

Travel Stocks and TBA All-Travel Index
2 March 2015
Travel Stocks
Travel stocks (US, AsPac, Eur) in February. Airlines: biggest growth, SAS +11%; biggest fall, Jet -14%. Hotels: Starwood +12%, Jinjiang -10%. Others: Orbitz +17%, CTS -4%.
  Previous month: Airlines: biggest growth, Jet +23%; biggest fall, American -8%. Hotels: Accor +19%, Banyan -11%. Others: Airbus +14%, Hertz -18%.
  TBA Travel Stocks Index: WW 179, US 315, AsPac 98, Eur 125.  Index previous month: WW 172, US 290, AsPac 101, Eur 124.
  Stockmarkets. Biggest growth, Dublin +9%; biggest fall, Istanbul -5%.
  Info via Travel Business Analyst. Details in April’s newsletters. 2014 review - including comparison with end-year prices over the past 12 months, and with 5- and 10-years ago – in February newsletters.

TBA All-Travel Index
The October ‘TBA All-Travel Index’ in the current editions of the Travel Business Analyst newsletter, for Asia Pacific travel, is at +4% over the same month in 2013. Previous month +1%.

Travel industry updates
27 February 2015
Seat sales by the world’s top-3 no-frills-airlines
Our calculation of seats sold by top-3 no-frills-airlines in December, in the current editions of the Travel Business Analyst newsletter, shows +3.1% for Southwest, +19.9% Ryanair, (and Q4 only for) Air Asia, +2.2%.

Travel industry updates, 2014
-Amadeus: 466.5mn air travel agency bookings, +5.2%; 695.4mn enplaned passengers, +12.9%.
-London Heathrow airport handled 73.4mn passengers, +1.4%, in 2014.
-US visitors spent US$222.3bn, +3.5%, in 2014; US travellers spent US$146.7bn outside the US, +7.3% ; trade surplus was US$75.7bn , -3.1%.

-Link to Travel Pursuits column (travel trade humour, quiz, crossword), in TTG Asia, page 26, compiled by Murray Bailey, editor of Travel Business Analyst:
http://epublishbyus.com/ebook/ebook?id=10040279#/26

 

Travel industry updates
26 February 2015
Seat sales by Europe’s big-3 airline groups
Our calculation of seats sold by airline groups in Europe in December, in the current editions of the Travel Business Analyst newsletter, shows +1.3% for AF+KL, +10.8% BA+IB, -1.2% LH+LX+OS.

Air Asia Q4
-Air Asia’s India operation seems to be starting well. In Q4 seat factor at 84% the highest of AA’s six airlines, and seat sales were 70% above its first operating Q, Q3. However, Q4 was bad for the group – growing only 2% - following falls in seat sales for Indonesia, Malaysia, Philippines.

Travel industry monthly updates:
-Aeroflot sold 2.7mn seats, + 17.7%, in January.
-US visitors spent US$18.8bn, +1.6%, in December; US travellers spent US$12.8bn outside the US, +7.4% ; trade surplus was US$6.0bn , -9.0%.

-Link to Travel Intelligence column, in TTG Asia, page 8, compiled by Murray Bailey, editor of Travel Business Analyst:
http://epublishbyus.com/ebook/ebook?id=10040279#/8

Airport passenger traffic in Europe
25 February 2015
Our calculation of passenger throughput at ‘low-fare airports’ in Europe for September, in the current editions of the Travel Business Analyst newsletter, derived from ACI data, shows: +7.8% (all airports +3.8%). Last month: +5.0% (+6.8%).

World hotel results
24 February 2015
The November hotel-track in the current editions of the Travel Business Analyst newsletter, shows occupancy growth in points: World 1.2; AsPac -2.5; Europe 3.5; US 1.3. Previous month: 1.4; -0.1; 1.8; 2.3.

China, US
23 February 2015
With most data in, although still some provisional or our estimates, here are the 2014 accounts and salient points of the two big world travel businesses – China and the US.
China in
Previous official counts do not add up to the all-2014 total given – but the difference is not substantial. Our counts show foreign (passport holders) visitors were flat (+0.5%).
  Of the biggest sources (in size): Koreans +5%, Japanese -6%, US nationals +0.4%.
  But note the distortion - an American national living in Hong Kong, for example, is counted as being from the US when he enters China.
China out.
A storming end to the year, after some weak earlier months. We estimate the total grew 15%.
US in.
Heading for a mixed year. Growth 7%, and slightly higher, closer to +8%, for the overseas markets (non Canada, Mexico). The best was Mexico, representing around 23% of the total – and growing at 20%!
  That overall growth hides the fact that two or the top-4 markets were falling – Canada, Japan. The other, the UK, was +3%.
US out.
Total +10%. But the big item was travel to Mexico. This seems to be a mutual pact, with outbound +22% matching the +20% inbound-from-Mexico. That growth makes Mexico 37% of the total.
  Europe and Asia Pacific were each +4%, but the Caribbean (smaller than Europe but bigger than AsPac) was +10%.

Travel industry updates
20 February 2015
Travel industry updates, 2014:
-Air Asia X sold 4.23mn seats, +33.9%.
-Etraveli revenue US$78mn (Sk639.0mn), +14%.
-Marriott revenue was US$13.8bn, +7.9%.
-Thai Air Asia sold 12.2mn seats, +16.3%.
-ARC reports US travel agency sales US$89.6bn, +4.0%.
-ARC reports US travel agency locations 12,862, -2.0%; that is 27% of peak.
-Virgin America had 3.4mn frequent flyer members, +16.2%.

Travel industry monthly updates:
-Air Asia X sold 1.09mn seats, +11.7%, in Q4.
-Cathay Pacific group sold 2.61mn seats, +2.7%, in January.
-Thai Air Asia sold 3.44mn seats, +16.2%, in Q4.
-ARC reports US travel agency sales US$7.70bn, -1.8%, in January.
-US visitor arrivals 5.8mn, +8%, in November.

Did you catch this?
19 February 2015
Some noteworthy 2014 results*:
-Visitor arrivals. Full-year - Japan +29%! Korea +18%! Taiwan +23%! YTD Asia Pacific regional +5%.
-International seat sales. Full-year - Air China +18%! China Southern +21%!
-Outbound travel, YTD, our estimates. China +14%, India +1%, Asia Pacific regional +9%.
*A report on this topic in our Travel Business Analyst newsletter contains some important additional observations on the data shown here.

Hotel results, 2014:
18 February 2015
-Accor Hotels revenue was US$6.19bn (€5.45bn), +0.5%.
-Hilton Hotels revenue was US$10.5bn, +7.9%.
-Hyatt Hotels revenue was US$4.42bn, +5.5%.

Hotel-room pipeline
17 February 2015
We calculate, from Smith Travel Research data, for January: World +10%, US +19%, AsPac +19%, Eur +2%.

Index, travel numbers, US
16 February 2015
Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Nov +4E; Oct +5P; Sep +5.0; Aug +3.8; Jul +5.3; Jun +5.3; May +5.6; Apr +6.6; Mar +1.4; Feb +2.9; Jan +4.0. 2013: Dec +4.6. (Percentage change over previous year. E=estimate, P=provisional.)

Hotel results, 2014:
13 February 2015
-InterContinental Hotels revenue was US$1.86bn, -2.4%.
-Rezidor Hotels revenue was US$1.07bn (€937.3mn), +1.9%.
-Starwood Hotels revenue was US$5.98bn, -2.2%.

Index, travel stocks
12 February 2015
The January ‘TBA-100 Index’ of travel stock prices, in the current editions of the Travel Business Analyst newsletter, shows: World 172; AsPac 101; Europe 124; US 290. (Base: Dec 06.)

Index, travel numbers, Asia Pacific
11 February 2015
Our Asia Pacific ‘TBA Travel Industry Index’ in the current Asia Pacific edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Nov +2E; Oct +4P; Sep +4.3; Aug +5.7; Jul +5.3; Jun +4.6; May +7.5; Apr +6.2; Mar +1.6; Feb +5.3; Jan +5.5. 2013: Dec +5.6. (Percentage change over previous year. E=estimate, P=provisional.)

Travel industry monthly updates:
10 February 2015
-Air France-KLM sold 5.7mn seats, +0.5%, in January.
-American RPKs were -2.8% in January.
-Copenhagen airport handled 1.66mn passengers, +0.7%, in January.
-Easyjet sold 4.02mn seats, flat, in January.
-IATA reports RPKs were +6.1% in December.
-London Heathrow airport handled 5.45mn passengers, +1.3%, in January.
-SAS sold 1.7mn seats, flat, in January.
-Southwest RPKs were +8.6% in January.
-United RPKs were +1.1% in January.

Index, travel numbers, Europe
9 February 2015
Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Nov +6E; Oct +3P; Sep +4.7; Aug +4.3; Jul +3.5; Jun +6.0; May +3.5; Apr +5.3; Mar +1.1; Feb +5.1; Jan +6.3. 2013: Dec +3.9. (Percentage change over previous year. E=estimate, P=provisional.)

Travel industry updates, 2014:
6 February 2015
-ACI reports passenger throughput at Europe’s airports +5.4%.
-IATA reports RPKs were +5.9%.
-Russia’s UT Air sold 11.2mn seats, +7%.

Outbound China
5 February 2015
According to our estimates based on current traffic trends, China will make a giant leap forward, to 120mn trips over the next 12 months!

Index, travel numbers, world
4 February 2015
Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Nov +5E; Oct +4P; Sep +4.9; Aug +4.9; Jul +4.8; Jun +4.8; May +5.7; Apr +6.4; Mar +1.5; Feb +5.2; Jan +6.1. 2013: Dec +5.1. (Percentage change over previous year. E=estimate, P=provisional.)

Travel industry updates:
3 February 2015
-Etihad sold 14.8mn seats, +23%, in 2014.
-IAG (British Iberia Vueling) RPKs were +5.5% in January.
-JAL Group RPKs were +2.1% Oct-Dec.
-Ryanair sold 5.98mn seats, +30%, in January.
-Singapore airport handled 54.1mn passengers, +0.7% , in 2014.

Travel Stocks
2 February 2015
Travel stocks (US, AsPac, Eur) in January. Airlines: biggest growth, Jet +23%; biggest fall, American -8%. Hotels: Accor +19%, Banyan -11%. Others: Airbus +14%, Hertz -18%.
  Previous month: Airlines: biggest growth, Jet +29%; biggest fall, Thai -9%. Hotels: Belmond +9%, Wynn -17%. Others: Royal Carib Cruise +12%, Airbus -16%.
  TBA Travel Stocks Index: WW 172, US 290, AsPac 101, Eur 124.  Index previous month: WW 171, US 306, AsPac 94, Eur 113.
  Stockmarkets. Biggest growth, Frankfurt +9%; biggest fall, Hong Kong -15%.
  Info via Travel Business Analyst. Details in next month’s newsletters.

Airlines’ 2014
30 January 2015
Some comments on 2014 results for selected airlines in Europe, based on seats sold:
-Trouble at Air France-KLM (probably a fall only for AF but they hide the data), flat (+0.2%).
-Not much better at the Lufthansa group (Austrian, Lufthansa, Swiss), only +1%. Nevertheless, Lufthansa-alone became bigger than AF+KL.
-That makes IAG (British + Iberia, and soon Aer Lingus) sparkle, +9%.
-Air Berlin does not seem to profit from Oneworld membership or Etihad ownership – just +1%.
-Europe’s largest, Ryanair, +6%, but seems to have solved its winter-weakness problem – Nov +22%, Dec +20%.
-Has Norwegian – darling of the media – lost its way? +16% for the year, but only +5% Nov, +2% Dec.
-Easyjet overtakes Lufthansa on Europe routes to become region’s 2nd biggest after Ryanair.
-Secret airlines. We estimate seat sales of two airlines whose data not published. Lufthansa’s Germanwings +4%, IAG’s Vueling +25%.

Travel industry updates, 2014:
29 January 2015
-Hawaii visitor arrivals 8.28mn, +2.9%.
-Prague airport handled 11.1mn passengers, +1.6%.
-Russia’s Transaero sold 13.2mn seats, +5.6%.

Travel industry updates:
28 January 2015
2014:
-Dubai airport handled 70.5mn passengers, +6.1%.
-STR says the Americas (North and South) hotel occupancy was 64.4%, +3.4%, average room rate US$117.27, +4.1%.
-US international air passengers were 197.3mn, +7%.
*A report on this topic in our Travel Business Analyst newsletter contains some important additional observations on the data shown here.
-WTO reports 1.14bn visitors, +4.7%.
*A report on this topic in our Travel Business Analyst newsletter contains some important additional observations on the data shown here.

Monthly:
-Dubai airport handled 6.50mn passengers, +7.5%, in December.
-US international air passengers were +4% in December.
-US outbound travel to overseas markets was 2.1mn, +4%, in November.

Travel Intelligence in TTG Asia
27 January 2015
-Link to Travel Intelligence column, in the TTG Asia Daily at ATF in Myanmar, page 8, compiled by Murray Bailey, editor of Travel Business Analyst:
http://epublishbyus.com/ebook/ebook?id=10040145#/8

Airline group traffic
26 January 2015
Our calculation of seats sold by airline groups in Europe in November, in the current editions of the Travel Business Analyst newsletter, shows +0.1% for AF+KL, +8.8% BA+IB, +1.6% LH+LX+OS.

Travel industry updates:
23 January 2015
2014:
-Frankfurt airport handled 59.6mn passengers, +2.6%.
-Lyon airport handled 8.47mn passengers, -1.1%.
-Melbourne airport handled 8mn international passengers, +8%.
-Munich airport handled 39.7mn passengers, +3%.
-St Petersburg airport handled 14.3mn passengers, +11%.
-STR reports US hotel occupancy at 64.4%, +3.6%, average room rate US$115.32, +4.6%.

Monthly:
-Cathay (with Dragonair) sold 2.77mn seats, +6.5%, in December.
-Frankfurt airport handled 4mn passengers, -2%, in December.
-Visitors to the US spent US$18.4bn in November.
-World Travel Market’s conference and event program counted 17,036 attendees, +4.5%, at its November event.

Airports
22 January 2015
Our calculation of passenger throughput at ‘low-fare airports’ in Europe for August, in the current editions of the Travel Business Analyst newsletter, derived from ACI data, shows: +5.0% (all airports +6.8%). Last month: +5.0% (+4.7%).

AsPac travel commentary
21 January 2015
-Our AsPac estimates - inbound +5%, outbound +9%.
-China inbound. Still falling, -1%.
-Our China outbound estimate - +14%.
-Our India outbound estimate - +1%.
-Japan, Korea outbound 2014 - J 16.9mn, K 16.1mn!
-Thailand inbound 2014. Despite a late rally, arrivals in 2014 were still down 7%. China fell fractionally, but is growing on a monthly basis. Russia was down 8%, but is now falling much faster.

Index, travel stocks
20 January 2015
The December ‘TBA-100 Index’ of travel stock prices, in the current editions of the Travel Business Analyst newsletter, shows: World 171; AsPac 94; Europe 113; US 306. (Base: Dec 06.)

Hotel-room pipeline, China’s Big-3 airlines
19 January 2015
-Hotel-room pipeline. We calculate, from Smith Travel Research data, for December: World +19%, US +14%, AsPac +23%, Eur -2%.

-China’s Big-3 airlines. No change in order, but significant developments nevertheless. China Eastern remains largest in 2014 in international seats sold, 9.6mn, but it grew only 6%. Air China grew 18% and so reached just over 9.2mn, and China Southern grew even faster, 21%, taking it to just under 9.2mn. Equality has returned to China!
  If growths continue at those same rates this year, CS will be largest at end-2015, with just over 11mn seats sold, then AC with just under 11mn, and CE with just over 10mn.

Travel industry updates, 2014:
16 January 2015
-Austrian sold 11.2mn seats, -1.1%.
-Brussels airport handled 21.9mn passengers, +14.6%.
-Copenhagen airport handled 25.6mn passengers, +6.5%.
-Finnair's RPKs were +0.2%.
-Glasgow airport handled 7.7mn passengers, +4.8%.
-IAG (British, Iberia, Vueling) sold 77.3mn seats, +15.0%.
-London Luton airport handled 10.5mn passengers, +8.1%.
-London Stansted airport handled 20.0mn passengers, +12%.
-Southwest RPKs were +3.5%.
-Swiss sold 16.2mn seats, +1.3%.
-US travel agencies sold US$89.6bn worth of air tickets, +2.4%.

Travel industry monthly updates:
15 January 2015
-Air France sold 6.2mn seats, +1.3%, Transavia 0.5mn, +17.5%, in December.
-ACI member airports passengers handled were +5.3% in November.
-American RPKs were 0.4% in December.
-IAG (British, Iberia, Vueling) sold 5.8mn seats, +10.8%, in December.
-IATA member airlines RPKs were +6.0% in November.
-SAS sold 1.9mn seats, +7.1%, in December.
-Southwest RPKs were +2.8% in December.
-United RPKs were +0.1% in December.
-US travel agencies sold US$5.5bn worth of air tickets, +3.9%, in December.
-US visitors were 6.3mn, +6%, in October.

Index, travel numbers
14 January 2015
Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Oct +5E; Sep +5E; Aug +4.2; Jul +5.7; Jun +5.8; May +6.3; Apr +7.5; Mar +2.1; Feb +3.4; Jan +4.5. 2013: Dec +4.6; Nov +1.2. (Percentage change over previous year. E=estimate, P=provisional.)

Egypt, Scoot
13 January 2015
-A sort-of political stability in Egypt may have brought better results for its hotels. On a same-store basis, we estimate that in 2014 occupancy fell 9.0% to 32%. But average room rates grew 13.2% to US$72 (based on a constant US$s, at US$1 to EL7.15).
  But current-day results are worse – 2014 occupancy -5% to 28%, ARR -13% to US$122.

-Getting figures from words from (a hazardous task) we calculate Scoot sold an average of 167k seats monthly over the past six months. That’s the same as the previous six months, but that earlier period included peak months, so the result looks good. Annual growth seems to be running at just under 17%.
  Scoot’s annual count is around 2mn. That is less that Air Asia X at the same stage of its life (2.4mn, +32%). And its current monthly seat sales are smaller – AAX was close to 350k/month in 2014.

Index, travel numbers
12 January 2015
Our Asia Pacific ‘TBA Travel Industry Index’ in the current Asia Pacific edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Oct +6E; Sep +5P; Aug +7.6; Jul +6.1; Jun +4.9; May +8.4; Apr +7.7; Mar +4.4; Feb +5.6; Jan +8.1. 2013: Dec +5.6; Nov +4.8. (Percentage change over previous year. E=estimate, P=provisional.)

9 January 2015
2014 results:
-Air Berlin sold 31.7mn seats, +0.6%.
-Amsterdam airport handled 55mn passengers, +4.6%.
-Easyjet sold 65.3mn seats, +6.5%.
-Finnair sold 9.63mn seats, +3.9%.
-Hawaiian sold 10.2mn seats, +2.6%.
-Icelandair sold 2.6mn seats, +15%.
-Ryanair sold 86.4mn seats, +6%.

 

8 January 2015
Big Changes: British Airways, Club Med, Lufthansa.
To start the new year, our thoughts on what we believe are important changes that will have a wider affect outside these companies. At British/Aer Lingus, Club Med, Lufthansa/Germanwings.

British Airways
In December, IAG (a holding company that comprises British, Iberia, Vueling) made a surprise bid to buy Aer Lingus (AL). There was an initial refusal, as usual, and there is likely to be further developments.
  But outside that there are important factors. At the time British (BA) and Iberia formed IAG in 2011, we said BA should have taken over AL and not Iberia – which was in trouble and which is still not out of it.
  Part of our reasoning was that the Willie Walsh, head of BA (and now also of IAG), had previously been 26 years at AL, including his CEO role there. To say the least, he must have known a lot about AL.
  If he did not buy then because AL was not in a good state (it was losing money at the time he left), then Walsh was presumably not a good CEO. (Indeed, we also raised the question as to why BA had chosen him.)
  And why now buy AL now? If AL is in better shape – it is, marginally – then that is an even more negative comment about Walsh.
  But overall, IAG’s move may be for different reasons. FSAs* in Europe (and in many other regions as well), such as BA, are finding it hard to survive. IAG has already bought Vueling, part-LCA*/part-NFA*. And AL could be another move in this direction; AL is similar to Vueling – albeit NFA on its intraEurope routes, and FSA/LCA on its transAtlantic flights.
  Ironically, British has been here before, being in the rather ridiculous situation of having started two NFAs itself and then selling them off – because, in the common- but often-misguided-belief, that it must ‘stick to its core competence’.
  Air France is still trying to reorganise itself to expand its NFA Transavia into an LCA – although it is so far being prevented by unions in France from doing so. And Lufthansa is doing the same thing, see below.

Club Med
China’s Fosun has agreed to buy Club Med at a price that values the company at about US$1.1bn (although that is not the amount paid by Fosun). Fosun first bought into CM, just 10%, in 2010. At the time this investment was cheered, because Fosun would surely save CM (although the logic was shakey; Fosun was a Chinese company and China was an important and growing travel market – but Fosun was not in the travel business before that!).
  The stockmarket, at least, does not think Fosun has been much help – CM’s share price has fallen from over US$150 in 2000 to around US$30 now. It is trying to go upmarket. Even though that is far from its image, even today, still it persists.
  We need to go back a long way to explain today’s problems at CM. A commentary in People-in-Travel, a version of which was published in The Economist in the year Fosun bought its 10%:
  The reason CM’s decline started - in the 1980s - was when co-founder Gilbert Trigano preferred to give the top job to his son Serge rather than the then equal number-two, Jean-Robert Reznik - who was generally considered to have a better grasp of marketing. Serge was just the son of his dad.
  Going up-market seems a sound business tactic - getting more revenue per customer. But there are some important challenges: converting existing customers to accept, in effect, a new product costing more; or finding new customers; or making more profit from a product that costs more to produce.
  We believe the post-Trigano- and subsequent-teams underestimated these challenges, and indeed were not able to overcome them.
  Also, Henri Giscard d’Estaing has been in his post more than 10 years [now 15] and has also failed to make the upmarket push (which he has tried twice [now four]) to work. The blame is put on 9/11 but the decline started well before that.
  We are amazed that HGdE is still in the top job after 15 years of failure. For the present he will stay, but surely Fosun will replace him in the next six months? But to do what? CM is now such a mess of products and marketing messages that it is probably not possible to save.
  One way might be to dump the luxury and return to the original formula – simplicity, fun. The other way – build luxury resorts – does not seem to be what customers want, and is certainly still not the image inspired by the CM name.
  But then there is Fosun. We know little about its competence in strategy, but we guess it has little, if any, in the travel business. But, being a Chinese company, proud, it will not back down for some time (five years?) and then either steadily drop the luxury business and concentrate on fun resorts in locations popular with pleasure-seekers from China – such as Hainan, Maldives, and probably also Club Med’s France homeland.

Lufthansa
The Lufthansa Group (LG) is reworking its airline strategy. It has broadly understood what needs to be done, but its changes are 4-times more complicated than they need to be. Let us explain:
  As we have noted before, FSAs of a certain size (we are not certain of numbers, but one measure could be around 70mn seat sales in a year) need to operate an LCA and NFA as well as their FSA. The LG has its FSA Lufthansa (LH; plus Austrian, Swiss), and its NFA Germanwings (GW). GW is not a success because LH controls it too tightly; LG did not follow NFA ‘rules’ - see end of this story.
  Now LG is trying again, albeit in an unnecessary complicated way. Firstly, this is what LG plans (slightly abridged to make it easier to follow!):
LH has transferred its intraEurope routes not serving Frankfurt and Munich hubs to GW, and GW and Eurowings will continue also to operate their current networks. Longhaul services, due end-2015, will be with Sun Express (a JV of Lufthansa and Turkish).
  LH is needed, but only two others – such as GW as an LFA, and Eurowings (with or without Sun Express) as an LCA. Under the present plans, Eurowings, GW, Sun are all part-LCA/part-NFA; in marketing terms alone, surely LG management can see that is a dumb plan?
  But the plan may simply show that LG management still does not know what to do. After making the first mistake with GW, this seems strange. But perhaps it will learn from what both Air France and British/IAG are trying to do, and then make the necessary further changes in its own structure.
  We give LG two years before it readjusts its structure closer to what we are saying.

*Notes:
-FSA = full-service-airline. Offering first/business/economy, travel agency bookings, meals/bookings/baggage/cancellations included, etc. As its name indicates – full service.
-LCA = low-cost-airline. (Not a no-frills-airline; see next.) An FSA but with lower operating costs (cheaper longer-hours flight-deck crew, younger/new longer-hours cabin crew, tighter cost control (twinned 3-star hotel rooms, for instance), fewer fare types, which may have first and business cabins, and which allows bookings through travel agencies etc. Usually similar to the parent airline, but a different name, and competition against parent airline allowed.)
-NFA = no-frills-airline. We believe that among the many essential elements that make a successful NFA are: market freedom in terms of routes and aircraft choice; single aircraft type; where relevant, competition against parent airline allowed; fares that are extremely low when booked at least three months in advance, say US$25; one fare at one time (no wholesale rates, travel agency commissions, etc); no refunds; no service frills; single economy-class cabin; no seat selection; two toilets for 150-seat aircraft; 25-minute turnaround time; cabin crew do daytime cabin cleaning; name and flight change charged at least US$25 each; no trade shows; plenty of consumer advertising and promotion; and much more.

 

7 January 2015
-Dubai airport handled 5.34mn passengers, +4.3%, in November.
-Easyjet sold 4.63mn seats, +3.2%, in December.
-Average price of aviation jet fuel, end December, was US$75/barrel, -42%.
-Finnair sold 721.2k seats, +3.9%, in December.
-2020. STR Global forecasts US hotels will have 64% occupancy, same as 2014, average room rate US$150, +30%.
-IATA members RPKs were +6.0% in November.
-The JAL Group sold 437k international seats, +3.3%, 1.57mn domestic seats, -2.3%, Dec 19-Jan 4.
-Ryanair sold 6mn seats, +20%, in December.
-US international air passenger traffic +7% in November.

6 January 2015
Index, travel numbers. Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Oct +3E; Sep +5P; Aug +4.3; Jul +3.5; Jun +6.0; May +3.5; Apr +5.3; Mar +1.1; Feb +5.1; Jan +6.3. 2013: Dec +3.9; Nov +3.1. (Percentage change over previous year. E=estimate, P=provisional.)

5 January 2015
Index, travel numbers. Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Oct +5E; Sep +5P; Aug +5.5; Jul +5.1; Jun +5.0; May +6.1; Apr +7.0; Mar +2.4; Feb +5.4; Jan +6.9. 2013: Dec +5.1; Nov +3.6. (Percentage change over previous year. E=estimate, P=provisional.)

2 January 2015
Travel stocks (US, AsPac, Eur) in December. Airlines: biggest growth, Jet +29%; biggest fall, Thai -9%. Hotels: Belmond +9%, Wynn -17%. Others: Royal Carib Cruise +12%, Airbus -16%.
  Previous month: Airlines: biggest growth, Jet +39%; biggest fall, Malaysia +4%. Hotels: InterContinental +14%, Wynn -6%. Others: TUI +13%, Orbitz -8%.
  TBA Travel Stocks Index: WW 171, US 306, AsPac 94, Eur 113.  Index previous month: WW 168, US 299, AsPac 92, Eur 114.
  Stockmarkets. Biggest growth, Dublin +3%; biggest fall, Bangkok -6%.
  Info via Travel Business Analyst. Details in next month’s newsletters, including comparison with end-year prices over the past 12 months, and with 5- and 10-years ago.

31 December 2014
-Domestic+International air seats sold. ICAO estimates 3.2bn, +5%, in 2014.
-Air France-KLM before-tax estimate. Reduced by US$244mn (€200mn) for all-2015; it is not clear what the earlier estimate was.

30 December 2014
-Japan Airlines international seat sales. 437,334 +3.3%, Xmas/New Year Dec 19-Jan 4. Forecast was 432,024.

29 December 2014
-Aeroflot sold 2.6mn seats, +9.9%, in November.
-US nationals’ travel to overseas destinations was 2.2mn, +5%, in October.

end

 

 


Back to Top

 
Current Issues...

Main contents in current issues of our newsletters and reports:

Travel Business Analyst, Asia Pacific: No-frills-airlines 2014 results. China updates. Air traffic 2014. Plus: Market Monitor; World Travel Industry Index; ZERO; Market Headlines; Market Outlook; and 20 regular tables of market data.


Travel Business Analyst, Europe: Spain 2014 results. Country air counts. Air traffic 2014. Plus: Market Monitor; World Travel Industry Index; ZERO; Extracts from Net Value or People-in-Travel; Market Headlines; and 16 regular tables of market data.


Net Value: China Internet; Emirates wifi; Alibaba; others.


People-in-Travel: Frits van Paasschen; Li Jinzao; Paul Hennessy; others.


Foxtrots/Trottings (recent): Cheating at CarDelMar/Goldcar; China to Japan; Robots don’t answer questions.


ZERO (occasional): Qatar Airways irresponsible; Solar Impulse; Six Senses.

 

Market Data