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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'.

 

1 September 2014
Travel stocks (US, AsPac, Eur) in August. Airlines: biggest growth, Southwest +20%; biggest fall, SAS -11%. Hotels: Marriott +7%, InterContinental -4%. Others: China Tvl +32%, Kuoni -12%.
  Previous month: Airlines: biggest growth, United +13%; biggest fall, Lufthansa -16%. Hotels: Jinjiang +18%, Belmond -15%. Others: China Tvl +22%, TUI -12%.
  TBA Travel Stocks Index: WW 159, US 294, AsPac 83, Eur 100.  Index previous month: WW 153, US 277, AsPac 85, Eur 98.
  Info via Travel Business Analyst. Details in next month’s newsletters.

29 August 2014
Global Business Travel Association about business travel:
-Global BT, now growing at about 4%, will go up to around 6% over the next few years.
-In BT per capita, top is Norway, second Austria.
-In 2017 AsPac will be spending almost US$1 out of every US$2 spend on BT worldwide.
-GBTA thought China would become top BT market in 2014, but now it thinks that will happen in 2016.

28 August 2014
Forecasts:
-The US Federal Aviation Administration forecasts US airlines RPKs will grow 76% over 2013-34 which means +2.8%/year. Seat sales will increase 0.8% from 2013 to 745.5mn in 2014 and 1.15bn in 2034.
-The Pacific Asia Travel Association forecasts visitor arrivals will grow at an average annual rate of 6% over 2013-18.
-CLSA, a finance company, forecasts China outbound will double to 200mn trips by 2020, and spend will increase three-times.
-The US department of commerce forecasts visitor arrivals will grow at an average annual rate of 3.4-4.1% over 2014-18 to get 83.8mn visitors, +20% over 2013.

27 August 2014
Soundbites from Deep Kalra, Group CEO, Make My Trip.
-The big move for us over past two years is how we moved from air and hotel to all travel. Now 46% non-air income; we aim for more than 50%.
-The other move has been to mobile. About 12% of air and hotel bookings.
-US-India is about 10% of our business.
-We are India’s largest online travel company after the railways. We have 10mn visitors, seeing 100mn pages.
-Conversion is the key. Because we do not control the dollar amount because that comes from suppliers.
-Biggest gain is personalisation. If customers register they can get more.
-We have done five M&As. The latest is HotelTravel.com, purely hotels; it has 100k.

26 August 2014
–Carlson Wagonlit Travel transactions were 32.5mn, +2.7%, sales US$14.4bn, +4.2% Jan-Jun.
-Singapore airport handled 4.58mn passengers, +1.0%, in July.
-US international air passengers 61.0mn, +6%, Jan-Apr.

25 August 2014
Our calculation of seats sold by airline groups in Europe in June, in the current editions of the Travel Business Analyst newsletter, shows +2.5% for AF+KL, +9.4% BA+IB, +1.4% LH+LX+OS.

22 August 2014
-ARC says the value of airline tickets sold by US-based travel agencies was US$7.5bn +5.2% in July, US$56bn +5.15% Jan-Jul.
-Cathay Pacific (with Dragonair) sold 2.79mn seats, +4.2%, in July.
-IATA notes: international seats sold +2.4% in June, +3.7% Jan-Jun; premium seat sales +1.8%, economy +2.5% in June.
-The JAL Group sold 273,396 international seats, +1.4%, over its summer peak, August 8-17.
-US nationals international outbound was 6.5mn, +4%, in March (to Europe 1.9mn +2% 13% share, Asia 1.1mn +2% 8%, Oceania 174k +7% 1%).

21 August 2014
The May hotel-track in the current editions of the Travel Business Analyst newsletter, shows occupancy growth in points: World 2.5; AsPac 2.1; Europe 2.3; US 3.0. Previous month: 0.3; 1.3; -2.4; 1.9.

20 August 2014
The June ‘TBA-100 Index’ of travel stock prices, in the current editions of the Travel Business Analyst newsletter, shows: World 155; AsPac 82; Europe 105; US 278. (Base: Dec 06.)

19 August 2014
Our research indicates bad news for Egypt’s hotel business is getting worse. Over H1 in 2014, occupancy fell a big 29%, see table, meaning an almost-50% fall since 2010.
 (The Arab Spring started in December 2010, and January 2011 in Egypt.)
  In 2013, occupancy increased, meaning these new results wipe out the gain in 2013.
  There was growth in average room rate, of 8% and 16% since 2010. However, this will not make up for the fall in occupancy.

Hotel results in Egypt, Jan-Jun


Item

2014

2013

2012

Occupancy,%

29.9

42.2

38.1

  Growth over prev yr,%

-29.1

10.7

NA

  Growth over 2010,%

-49.0

-28.0

-35.0

ARR,US$*

61.3

56.8

52.2

  Growth over prev yr,%

7.9

9.0

NA

  Growth over 2010,%

15.8

7.3

-1.5

Notes: *ARR = average room rate, at US$1 to E£7.15. Source: Travel Business Analyst.

18 August 2014
France No 1? Yes, No, No.
The presentation of France’s visitor figures is suspicious. Part of the reason is that the sources of arrivals from the Schengen countries in Europe are not registered. Therefore, the figures must be estimates - but the authorities never say that.
  In addition, this year – but not for the first time - the authorities have shown '0.0%' movement for three months running. We are fairly confident in saying, without evidence, that that cannot have happened.
  France's share of the world visitor total has been falling - from 11.4% in 2000 to 7.7% in 2013. And share of Europe’s from 19.9% to 14.9%.
  A measure better than simple visitor arrivals is visitor spend. And here France is third - the US is 2.5-times bigger, and Spain about 10% bigger. France's share of the world visitor spend has fallen from 6.9% in 2000 to 4.8% in 2013. And of Europe’s from 14.2% to 11.5%.
  Another measure is air traffic. Measures are not simple but in terms of seats sold, France is about 13th, and below markets such as Australia, Indonesia, Ireland, and, for instance, about 10x smaller than the US.
  A minister responsible in France has set a 100mn target for visitor arrivals. But this is meaningless because he gave no date to achieve it. But at present growth rates it would take about 15 years to reach - 2030.
  The visitor business in France is in trouble, and the government cannot see it - or does not want to see it.

15 August 2014
-Air Asia group sold 11.3mn seats, +13.0%, Apr-Jun. Air Asia X sold 1.02mn seats, +46.3%, Apr-Jun.
-Air France-KLM sold 7.5mn seats, +1.3%, in July. Its Transavia no-frills-airline 1.2mn +5.4%.
-Airports Council International says passengers in Europe airports were +5.5% Jan-Jun; no figures given.
-Easyjet sold 6.43mn seats, +7.7%, in July.
-Frankfurt airport handled 5.9mn passengers, +2.3%, in July.
-STR has increased its forecast for US hotels occupancy to 63.8%, +2.6%, average room rate US$115.02, +4.2%, in 2014.
-Baird/STR hotel stock index was 3501, -1.1%, in July.
-IAG (British, Iberia, Vueling) RPKs were +7.1% in July.
-London Heathrow handled 6.97mn passengers, +0.5%, in July.
-Ryanair sold 9.15mn seats, +3.5%, in July.
-Southwest Airlines RPKs were +6.6% in July.
-Swiss sold 7.74mn seats, -0.5%, Jan-Jun.
-United Airlines RPKs were +1.0% in July.
-US international air passengers 44.8mn +5% in Q1; overseas 32.9mn +5% (Europe 10.3mn +3.4%, Asia 7.0mn +4.0%, Oceania 1.0mn +3.8%); New York JFK airport 5.8mn +3.6%, Miami 5.1mn +2.1%, Los Angeles 4.4mn +9.1%.

14 August 2014
Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Jun +4E; May +3P; Apr +3.2; Mar +1.6; Feb +3.1; Jan +3.8. 2013: Dec +4.6; Nov +1.2; Oct +2.7; Sep +2.0; Aug +2.6; Jul +2.7. (Percentage change over previous year. E=estimate, P=provisional.)

13 August 2014
From World Air Transport Statistics from IATA (International Air Transport Association) on 2013 showing largest:
-Region. Asia-Pacific 1.012bn seats sold +9.3%, Europe 825.9mn +3.4%, North America 818.9mn +0.7%.
-Within region: AsPac - China 404.2mn +11.8%; Europe – UK 177.9mn +3.7%; North America – US 618.1mn +3.3%.
-Airline - Delta 120.6mn seats sold (no comparison given), Southwest 115.3mn, China Southern 91.5mn.
-City pairs: Hong Kong-Taipei 4.9mn -11.5%, Dublin-London 3.6mn +6.9%, Jakarta-Singapore 3.4mn +8.6%.
-Domestic city pairs: Jeju-Seoul 9.58mn +1.4%, Sapporo-Tokyo 9.17mn +4.7%, Fukuoka-Tokyo 8.34mn +9.3%.
-Alliance. Star 26.6% share of RPKs, Sky 20.1%, One 15.4%.
-Others: 1100 more airport-pairs, now 50,000; 600,000 more flights, now 31.5mn; air travel prices -7.4%; 2% of fossil fuels burned, or 12% of fossil fuels burned by all transportation.

12 August 2014
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: Jun +7E; May +8P; Apr +7.7; Mar +4.4; Feb +5.6; Jan +8.1. 2013: Dec +5.6; Nov +4.8; Oct +6.9; Sep +8.1; Aug +7.8; Jul +4.2. (Percentage change over previous year. E=estimate, P=provisional.)

11 August 2014
Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Jun +4E; May +4P; Apr +5.5; Mar +1.1; Feb +5.0; Jan +6.4. 2013: Dec +3.9; Nov +3.1; Oct +5.5; Sep +4.0; Aug +6.1; Jul +1.1. (Percentage change over previous year. E=estimate, P=provisional.)

8 August 2014
Aviation updates:
-IATA (International Air Transport Association) member airline RPKs were +4.7% in June. International +5.5% (Europe +5.6%, Asia Pacific +4.9%, North America +3.1%), Domestic +3.4% (Australia +2.4%. China +6.6%, India +4.2%, Japan +4.1%, Russia, +12.0%, US +2.0%). And +5.9% International, +6.4% Domestic +5.1% Jan-Jun.
-The JAL Group showed 257,418 international seats sold, +0.7%, for the peak summer, August 8-17 this year. And 954,896 domestic, +1.5%.
-SAS sold 2.4mn seats in July, + 10.6%.

7 August 2014
Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Jun +5E; May +5P; Apr +5.9; Mar +2.5; Feb +5.0; Jan +6.4. 2013: Dec +5.1; Nov +3.6; Oct +5.3; Sep +4.7; Aug +5.7; Jul +2.6. (Percentage change over previous year. E=estimate, P=provisional.)

6 August 2014
Research from PhoCusWright, the travel research company:
-Expects by 2015, 48% of France’s leisure and unmanaged business travel will be booked online.
-Says 44% of US leisure travellers own a tablet, and an additional 40% (we presume of those who do not) plan to buy one this year.
  PCW puts smartphone penetration at 75%, adding what our Net Value has been saying for 12 months – than the measure of booking device used has become of less value, because travellers might use more than one.
  In a similar way, time spent ‘online’ is also a redundant measure – because most are ‘online’ constantly, and ‘access’ sites or activity as required.
-Forecasts mobile travel bookings will triple over the next two years, to reach US$39.5mn by 2015. That would be 25% of the US online travel market in 2015; it was 2% in 2011.
-Forecasts that European tour operator online bookings will be US$14.0bn (at US$1 to €0.72) in 2015. It called that “modest growth”, but at 4.7% average in both years, this is well below normal growth rates in this sector.
-Forecasts mobile travel bookings in China, India, Japan will grow an average annual 59.6% from US$4.6bn in 2012 to US$18.7bn in 2015.
  China's mobile gross bookings will be US$6.4bn in 2015, representing 21% of the country's online travel market. In India, where smartphone penetration is among the lowest in the region, PCW forecasts 10% of online travel bookings will be booked via mobile by 2015.

* A full report on these topics in the current issue of the Net Value monthly-report contains some important additional observations on the data shown here.

 

5 August 2014
Tiger Air gives tigers a bad name
Yesterday, we suggested that the Scoot airline should be shut down and folded into Tiger Airways – both part, at different levels, of the Singapore Airlines group (SIAG).
  That suggestion might have left the impression that Tiger is strong and Scoot is weak. We meant no more than that the two should be merged.
  Tiger has actually been a disastrous business. Over the past four years, there has been:
-near shutdown following numerous flight delays, cancellations, etc;
-shutdown for about six weeks of its Australian division by the authorities for safety reasons;
-start and shutdown of its Indonesia division within a year;
-sale of its Philippines division to its competitor Cebu Pacific. Really!
-sale of its Australia division to Virgin Australia, competitor to its associate airline, SIA. Really!
-change of name (presumably to hide the negative image) from Tiger Airways to Tigerair, and downplaying the ‘tiger’ name. Really!
  Such stunning continuing incompetence must be rare in aviation.
  It is time that Singapore Airlines moved in. Having said that, SIAG’s business skills have not been obvious of late, as though it does not know how to handle the new realities of the airline business.

4 August 2014
Singapore Airlines in trouble
One quarter’s (bad) results would not really warrant a change in strategy. But two?
  Singapore Airlines (SIA) should at least take a good look at what it is doing – corporately-speaking – and see if there is a need to make changes. Total revenue was down in the last two Qs – a bad sign. By -1.0% Jan-Mar and -4.1% Apr-Jun. And operating loss grew 36.4% Jan-Mar and operating profit fell 51.7% Apr-Jun.
  For us, the changes needed were included in a special report on the SIA group in the December 2013 issue of our Travel Business Analyst newsletter. In essence, the SIA group needs to:
-Shut down Scoot, and merge its operations into Tiger.
-Increase its ownership in Tiger, to at least 51%, and rationalise aircraft fleet (such as Scoot’s too-big ex-SIA B777s).
-Expand Silk into an LCA*, which means operating on some medium- and long-haul routes, sometimes in competition with SIA. (It might even be able to take on some of Scoot’s B777s – although we think they are probably too big for most routes, at least to begin with.)
  Not mentioned in the analyses of SIA recent results is the damage that we see Emirates doing to SIA’s business, and even its business model – which, ironically, Emirates copied.
  Plus the fact that total traffic into SIA’s main point in Europe, the UK, is falling. In fact, that may be a statistical quirk. Because, say, an Emirates passenger flying London-Dubai and then connecting for Dubai-Singapore (or wherever), would not show up in statistics as a UK-Singapore passenger, but UK-Dubai.
  Is SIA management strong enough to make such important decisions? There are not good signs. With its Virgin Atlantic 49% share, for instance, we had been saying for seven years that the alliance was not working. SIA management was in denial for another five years before admitting they wanted to sell.
  And note also that SIA did not give a presentation this year on its Apr-Jun results – which usually specifically shows what is up and down, and by what percentage. It produced just an SGX announcement and a news release. Hold your head down when you have done something wrong?
*LCA = low-cost-airline. (Not a no-frills-airline.) An full-service-airline 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.)

1 August 2014
Travel stocks (US, AsPac, Eur) in July. Airlines: biggest growth, United +13%; biggest fall, Lufthansa -16%. Hotels: Jinjiang +18%, Belmond -15%. Others: China Tvl +22%, TUI -12%.
  Previous month: Airlines: biggest growth, Malaysia +14%; biggest fall, Lufthansa -19%. Hotels: Belmond +10%, Melia -4%. Others: Orbitz +20%, Thomas Cook -18%.
  TBA Travel Stocks Index: WW 153, US 277, AsPac 85, Eur 98.  Index previous month: WW 155, US 278, AsPac 82, Eur 105.
  Info via Travel Business Analyst. Details in next month’s newsletters.

31 July 2014
Aviation updates:
-Aeroflot sold 2.13mn seats, +10.9% in June, and 11.0mn +14.9% Jan-Jun.
-The Aeroflot Group sold 3.37mn seats, +9.5%, in June, and 15.7mn +10.8% Jan-Jun. The group’s no-frills-airline, Dobrolet, sold 19.1k seats at 83.1% seat factor, in its first month, Jun.
-London Heathrow airport handled 35.1mn passengers, +1.9%, Jan-Jun.
*A full report on some half-year results in the September issue of the Travel Business Analyst newsletter contains some important additional observations on the data shown here.

30 July 2014
Aviation updates:
-AF-KLM RPKs were +2.8% Apr-Jun, and +2.5% Jan-Jun. Its hybrid subsidiary Transavia RPKs were +6.0% Apr-Jun, and +6.9% Jan-Jun.
-Easyjet sold 17.9mn seats, +9.4%, Jan-Jun.
-JAL Group international RPKs were +5.1%, domestic +2.2%, Apr-Jun.
-Ryanair sold 24.3mn seats, +4.6%, Apr-Jun.
*A full report on some half-year results in the September issue of the Travel Business Analyst newsletter contains some important additional observations on the data shown here.

29 July 2014
The March ‘TBA All-Travel Index’ in the current editions of the Travel Business Analyst newsletter, for Asia Pacific travel, is at -1% over the same month in 2013. Previous month +4%.

28 July 2014
Airport updates for June:
-Dubai handled 5.07mn passengers, -8.5%, and 34.7mn +6.2% Jan-Jun.
-Singapore handled 4.65mn passengers, -0.3%, and 26.6mn +1.4% Jan-Jun.

-Link to Foxtrots blog on Adrian Zecha, Aman Resorts: http://tbaoffice.wordpress.com/2014/07/28/aman-zecha-part-2/

25 July 2014
Our calculation of seats sold by airline groups in Europe in May, in the current editions of the Travel Business Analyst newsletter, shows -1.4% for AF+KL, +8.3% BA+IB, +2.8% LH+LX+OS.

24 July 2014
It is not working for Macau. We have said this before, but all those new hotel rooms, meetings facilities, exhibitions, conferences, etc, are not pulling in visitors from markets other than gamblers from China. Half-year data shows total +8%, but it’s all China - +15%. Even Hong Kong was -6%, and non-CN/HK -1%.

23 July 2014
Our YTD through March calculation of passenger throughput at ‘low-fare airports’ in Europe, in the current editions of the Travel Business Analyst newsletter, derived from ACI data, shows: +0.8% (all airports +2.2%). Last month: +6.8% (+5.2%).

22 July 2014
Update from WTO (World Tourism Organization):
-Total: Jan-Apr arrivals +5%.
-Continent: Americas +6%, Asia Pacific +6%, Europe +5%.
-Sub region: Northern Europe +8%, Southern/Mediterranean Europe +8%, Northeast Asia (+7%), South Asia +8%. (Southeast Asia not shown.)
-Summer-peak forecast (May-Aug) +8%.
-Full year forecast +4-4.5%, well above WTO’s +3.8% forecast for 2010-20.
* A full report on this topic in the August issue of the Travel Business Analyst newsletter contains some important additional observations on the data shown here.

21 July 2014
The April hotel-track in the current editions of the Travel Business Analyst newsletter, shows occupancy growth in points: World 0.3; AsPac 1.3; Europe -2.4; US 1.9. Previous month: 2.9; -1.4; 4.6; 1.6.

18 July 2014
Travel industry updates in June:
-The Baird/STR hotel stock index was +2.6%, and +11.4% Jan-Jun.
-Frankfurt airport handled 5.6mn passengers +3.3%, and 27.8mn +2.4% Jan-Jun.
-London Heathrow handled 6.6mn passengers, +1.1%.
-Cathay Pacific (and Dragonair) sold 2.61mn seats, +5.1%.

17 July 2014
ICAO (International Civil Aviation Organization) forecasts world scheduled air passenger traffic* will grow 6.0% this year, after +5.5% in 2013.
  Asia Pacific + 7.2% this year, Europe +5.4%, North America +2.7%.
* A full report on this topic in the August issue of the Travel Business Analyst newsletter contains some important additional observations on the data shown here.

16 July 2014
The May ‘TBA-100 Index’ of travel stock prices, in the current editions of the Travel Business Analyst newsletter, shows: World 158; AsPac 83; Europe 113; US 279. (Base: Dec 06.)

15 July 2014
-Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Apr +3E; Mar +2P; Feb +2.2; Jan +3.8. 2013: Dec +4.6; Nov +1.2; Oct +2.7; Sep +2.0; Aug +2.6; Jul +2.7; Jun +2.7; May +2.8. (Percentage change over previous year. E=estimate, P=provisional.)

-Link to Travel Intelligence column, in TTG Asia compiled by Murray Bailey, editor of Travel Business Analyst: http://epublishbyus.com/ebook/ebook?id=10037807#/10

14 July 2014
-According to new Smith Travel Research data (on which we may have made additional calculations), the number of hotel rooms being planned is +12% in the US, +10% in Europe - and +30% in Asia Pacific!

-Link to Travel Pursuits column (travel trade humour, quiz, crossword), in TTG Asia compiled by Murray Bailey, editor of Travel Business Analyst: http://epublishbyus.com/ebook/ebook?id=10037807#/26

11 July 2014
US updates:
-Outbound travel to overseas destinations (excluding Canada, Mexico) 3.9mn, +5%, in February - Europe 1.07mn +3%, Asia 689k +3%, Oceania 114k +5%.
-Visitor arrivals 5.8mn, -0.8%, in March. From overseas 2.3mn, -8.0%.

10 July 2014
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: Apr +7E; Mar +6P; Feb +5.7; Jan +8.1. 2013: Dec +5.6; Nov +4.8; Oct +6.9; Sep +8.1; Aug +7.8; Jul +4.2; Jun +6.0; May +4.0. (Percentage change over previous year. E=estimate, P=provisional.)

9 July 2014
Aviation updates:
-American RPKs were +1.0% in June.
-Etihad sold 6.7mn seats, +22%, Jan-Jun.
-Airports in Europe handled +4.8% passengers in May.
-IATA (International Air Transport Association) airline member RPKs were +6.2% in May.
-Southwest RPKs were +2.2% in June.
-United RPKs were flat in June.

8 July 2014
Europe airline updates:
-Air Berlin sold 3.25mn seats, flat, in June.
-Air France-KLM sold 7.2mn seats, +3.9%, in June; its Transavia subsidiary 1mn, +7.6%.
-IAG (British, Iberia, Vueling) RPKs were +5.9% in June.
-Lufthansa Group (mainly Austrian, Lufthansa, Swiss) sold 50mn seats, +0.8%, Jan-Jun; Lufthansa (with Germanwings) 36.3mn, +1.0%.
-Ryanair sold 8.3m seats, +5%, in June.
-SAS sold 2.7mn seats, +12.4%, in June.

7 July 2014
Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Apr +5E; Mar +2P; Feb +5.1; Jan +6.3. 2013: Dec +3.9; Nov +3.1; Oct +5.5; Sep +4.0; Aug +6.1; Jul +1.1; Jun +5.0; May +4.3. (Percentage change over previous year. E=estimate, P=provisional.)

4 July 2014
Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Apr +5E; Mar +3P; Feb +4.8; Jan +6.4. 2013: Dec +5.1; Nov +3.6; Oct +5.3; Sep +4.7; Aug +5.7; Jul +2.6; Jun +4.8; May +4.0. (Percentage change over previous year. E=estimate, P=provisional.)

3 July 2014
Forecast 2014 arrivals in Asean destinations, mn: Brunei┼ 0.24, +3.1%; Cambodia 4.50, +7.1%; Indonesia 9.20, +5.7%; Laos 4.00, +5.4%; Malaysia 28.0, +7.7%; Myanmar 3.00, +50.0%; Philippines 6.80, +3.9%; Singapore 16.9E, +7.5%E; Thailand 28.0, +7.7%; Vietnam 8.30, +9.6%; All-Asean* 109.0, +9.8%.
Notes: Some forecasts are growth, others a number; we have calculated the other figure. E = estimate. ┼Some figures may include cruise passengers; statements not always categorical. Source: DMOs, *Travel Business Analyst.
 A full report on this topic in the Travel Business Analyst newsletter contains some important additional observations on the data shown here.

2 July 2014
Aviation updates in May:
-Aeroflot sold 1.9mn seats, +13.7%.
-RPKs of member airlines of IATA (International Air Transport Association) were +6.2%. International +l7.0%, domestic +4.6% - Australia +5.2%, China +9.4%, India +4.1%, Japan +3.7%, Russia +13.2%, US +2.6%.
-Singapore airport handled 4.37mn passengers, +2.0%.

1 July 2014
-Link to Foxtrots blog on Adrian Zecha, Aman Resorts: http://tbaoffice.wordpress.com/2014/07/01/adrian-zecha-aman-resorts/

Travel stocks (US, AsPac, Eur) in June. Airlines: biggest growth, Malaysia +14%; biggest fall, Lufthansa -19%. Hotels: Orient Exp +10%, Melia -4%. Others: Orbitz +20%, Thomas Cook -18%.
  Previous month: Airlines: biggest growth, Thai +15%; biggest fall, Malaysia -22%. Hotels: InterContinental +17%, ShangriLa -5%. Others: Priceline +10%, Intl Leisure Grp -21%.
  TBA Travel Stocks Index: WW 155, US 278, AsPac 82, Eur 105.  Index previous month: WW 158, US 279, AsPac 83, Eur 113.
  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.

 

30 June 2014
The February ‘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%.

Etihad; another Swissair?
Is Abu Dhabi-based Etihad Airways heading the Swissair way?
  Etihad has just announced plans to buy 49% of Alitalia (once 25% owned by Air France, whose shareholding was cut to 7% after deciding not to participate in a recapitalisation – for the simple reason that it has no money, and certainly not to throw after a loser).
  Etihad likes losers. That might be good business if it could turn its motley collection of airlines around. But because not all report traffic data, or not on a timely basis, it is difficult to be sure. Of its airlines:
-Aer Lingus, Ireland; 3.0% owned. Seat sales currently +2%; in 2013 they were -1%.
–Air Berlin 29%. Flat; -5%.
-Air Serbia (was JAT); 49%. +66%; no earlier data.
-Air Seychelles 40%. Growing well in 2013, +44%; still strong this year, but slower, +38%.
-Alitalia, 49%. Has stopped reporting over the past 2/3 years. Started again at start of this year (traffic was falling, about -1%), but has now stopped again. The last full-year figures we have, for 2011, showed +6% - although its seat-sales total was still below what it was selling in 2005. Etihad may be more active about getting traffic growth than AF has been.
-Etihad Regional, Switzerland (was Darwin [sic]), 33%. No data, but known to be ‘troubled’ before Etihad helped out.
-Jet Airways, India; 24%. +4%; -2%.
-Virgin Australia 21%. +5%; flat.
-Link to Foxtrots blog for a fuller report on this topic: http://tbaoffice.wordpress.com/2014/06/28/etihad-another-swissair/

 

-Link to Foxtrots blog: http://tbaoffice.wordpress.com/2014/06/27/far-east-hospitality-resorts-world-others/

 

27 June 2014
According to our calculations on OAG data, the seat capacity share of NFAs* in Europe has grown from 5% of capacity of LCAs-plus-FSAs in 2001, to 39% in 2010, and 43% this year.
*Travel Business Analyst has specific descriptions for FSAs (full-service-airlines), LCAs (low-cost-airlines), NFAs (no-frills-airlines), which may not tally with OAG’s – and which are not defined.

-Link to Travel Pursuits column (travel trade humour, quiz, crossword), Page 28, in TTG Asia compiled by Murray Bailey, editor of Travel Business Analyst: http://epublishbyus.com/ebook/ebook?id=10037299#/28

26 June 2014
According to our calculations on OAG data, the seat capacity share of NFAs* in Asia Pacific has grown from 1% of capacity of LCAs-plus-FSAs in 2001, to 18% in 2010, and nearly double that, to 31%, this year.
*Travel Business Analyst has specific descriptions for FSAs (full-service-airlines), LCAs (low-cost-airlines), NFAs (no-frills-airlines), which may not tally with OAG’s – and which are not defined.

-Link to Travel Intelligence column, Page 10, in TTG Asia compiled by Murray Bailey, editor of Travel Business Analyst: http://epublishbyus.com/ebook/ebook?id=10037299#/10

25 June 2014
Our calculation of seats sold by airline groups in Europe in April, in the current editions of the Travel Business Analyst newsletter, shows +1.9% for AF+KL, +10.9% BA+IB, -0.2% LH+LX+OS.

24 June 2014
San Francisco-based AirBnB, as a private company, reveals little market data. The following are some (patternless; sorry) measures we have extracted:
-Around 5mn bookings in 2013. That would indicate a 100% growth – which to us does not seem the stunning growth often seen in new-wave ventures such as this. Because ABB gives no proper operating data, it is not possible to determine if our extrapolations have missed some elements.
-Barcelona latest-year economic impact (of business into the city from ABB clients) US$175mn.
-New York same US$632mn.
-Paris same US$257mn.
-UK same US$824mn.
* A full report on this topic in the current issue of the Net Value monthly-report highlights some important observations on the data as presented.

22 June 2014
Our YTD through February calculation of passenger throughput at ‘low-fare airports’ in Europe, in the current editions of the Travel Business Analyst newsletter, derived from ACI data, shows: +6.8% (all airports +5.2%). Last month: +7.4% (+6.2%).

20 June 2014
The March hotel-track in the current editions of the Travel Business Analyst newsletter, shows occupancy growth in points: World 2.9; AsPac -1.4; Europe 4.6; US 1.6. Previous month: 3.2; 3.1; 4.6; 1.8.

Travel industry updates:
-Frankfurt airport handled 5.3mn passengers, +3.7%, in May.
-US travel agencies’ air ticket sales were US$40.8bn, +4.7%, Jan-May, and ticket transactions 65.4mn +1.9% .

19 June 2014
The April ‘TBA-100 Index’ of travel stock prices, in the current editions of the Travel Business Analyst newsletter, shows: World 149; AsPac 82; Europe 108; US 258. (Base: Dec 06.)

Travel industry updates:
-Premium travel on IATA member airlines was +3.8% in April.
-Cathay Pacific (with Dragonair) sold 2.59mn seats, +10.9%, in May.

18 June 2014
Aviation updates in May:
-Air Berlin sold 2.97mn seats, +0.5%.
-Air France-KLM sold 6.7mn seats, flat.
-American RPKs were +2.1%.
-Easyjet sold 6.05mn seats, +7.9%.
-London Heathrow handled 6.2mn passengers, +2.2%.
-SAS sold 2.6mn seats, +7.8%.
-Southwest RPKs were +0.6%.
-United RPKs were +1.2%.

17 June 2014
China Outbound. We have had to restart estimates on China outbound travel, now releases from official sources are intermittent. Our earlier estimate series were good. Last we had to do was for all-2012; we estimated +17% to 82.5mn, and when actual figures were released, they showed +18% to 83.2mn. We estimate Jan-Apr this year was +18% to just under 36mn; that would take the all-year total to 117mn!

16 June 2014
Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Mar +2E; Feb +2P; Jan +3.8. 2013: Dec +4.6; Nov +1.2; Oct +2.7; Sep +2.0; Aug +2.6; Jul +2.7; Jun +2.7; May +2.8; Apr +0.6. (Percentage change over previous year. E=estimate, P=provisional.)

-Link to Foxtrots blog on Air Malta, Dreamjet: http://tbaoffice.wordpress.com/2014/06/15/dream-on-air-malta-dreamjet-2/

-Link to Trottings blog on Malta: http://tbaoffice.wordpress.com/2014/06/15/trottings-malta/

 

13 June 2014
The hotel business is moving fast – well, investors think it is going to move fast. According to Smith Travel data (on which we may have made additional calculations), the number of hotel rooms being planned is up 13.7% in the US, 13.9% in Europe - and 32.0% in Asia Pacific!

12 June 2014
According to TTG Asia, TAT (Thailand’s DMO) has cut its arrivals targets for this year. It was 28mn visitors spending US$43.8bn (at US$1 to B32). New targets are 25.4mn spending US$40.8bn.
  The spending figures are unrealistic and can simply be dismissed. The new arrivals target would mean a fall of 5.0%; fall in the first four months the fall was 4.1%.
* A full report on this topic in the July issue of the Travel Business Analyst newsletter highlights some important observations on the data as presented.

11 June 2014
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: Mar +6E; Feb +6P; Jan +8.1. 2013: Dec +5.6; Nov +4.8; Oct +6.9; Sep +8.1; Aug +7.8; Jul +4.2; Jun +6.0; May +4.0; Apr +3.3. (Percentage change over previous year. E=estimate, P=provisional.)

10 June 2014
Our research indicates more bad news for Egypt’s hotel business in Q1. Occupancy fell a big 25% to 33%. There was also a fall in average room rate; this was smaller, just 4% to US$63.
  For the whole year 2013 it was 44% at US$66, and in 2012, 35% at US$56.

9 June 2014
Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Mar +3E; Feb +5P; Jan +6.3. 2013: Dec +3.9; Nov +3.1; Oct +5.5; Sep +4.0; Aug +6.1; Jul +1.1; Jun +5.0; May +4.3; Apr +0.5. (Percentage change over previous year. E=estimate, P=provisional.)

6 June 2014
-American RPKs were +4.7% in April.
-IAG (British, Iberia, Vueling) RPKs were +7.3% in May.
-Ryanair sold 8.2mn seats +4% in May.

5 June 2014
US updates:
-In February, US international air passengers: 28.5mn, +7%; Europe +6%; Asia +5%; US nationals 11.9mn, +7%, share 42%; non-US nationals 16.6mn, +6%, share 58%; US airlines 15.0mn , +5%, 53% share; non-US airlines 13.4mn , +9%, 47% share.
-STR forecasts US hotel occupancy 63.1% +1.4% in 2014, average room rate US$115.00 +4.2%. In 2015, 63.5%, +0.6%, ARR US$119.93 +4.3%.

4 June 2014
Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Mar +4E; Feb +5P; Jan +6.3. 2013: Dec +5.1; Nov +3.6; Oct +5.3; Sep +4.7; Aug +5.7; Jul +2.6; Jun +4.8; May +4.0; Apr +1.5. (Percentage change over previous year. E=estimate, P=provisional.)

3 June 2014
-Airports Council International said passengers through airports in Europe in April were +8.0%; EU +7.4%, non-EU +10.0%.

-Link to Travel Intelligence column, Page 8, in TTG Asia compiled by Murray Bailey, editor of Travel Business Analyst: http://epublishbyus.com/ebook/ebook?id=10037148#/8

2 June 2014
Travel stocks (US, AsPac, Eur) in May. Airlines: biggest growth, Thai +15%; biggest fall, Malaysia -22%. Hotels: InterContinental +17%, ShangriLa -5%. Others: Priceline +10%, Intl Leisure Grp -21%.
  Previous month: Airlines: biggest growth, Qantas +10%; biggest fall, Air Asia -11%. Hotels: Peninsula +10%, NH -11%. Others: Avis +9%, Orbitz -8%.
  TBA Travel Stocks Index: WW 158, US 279, AsPac 83, Eur 113.  Index previous month: WW 149, US 258, AsPac 82, Eur 108.
  Info via Travel Business Analyst. Details in next month’s newsletters.

30 May 2014
-Aeroflot sold 1.91mn seats, +20.0%, in April.
-IATA (International Air Transport Association) reports member RPKs were +7.5% in April.
-Singapore airport handled 4.38mn passengers, +3.4%, in April.
-US arrivals report for 2013 shows: 70mn +5%; Asia +9%; Oceania +8%; East Europe +18%; West Europe +2%.
-US arrivals were 5.1mn, +6%, in January.

29 May 2014
-The January ‘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 +4%.

28 May 2014
-Three travel exhibitions in Tokyo - Tabi, Tabihaku, Visit Japan – are being merged into one event this September.

-A report is planned in the June issue of the People-in-Travel report on Adrian Zecha/Aman Resorts – entitled ‘Zecha chequered’.

27 May 2014
The ‘TBA Travel Industry Index’ in current editions of the Travel Business Analyst newsletters, shows monthly travel industry traffic growth of:
World: 2014: Mar +4E; Feb +5P; Jan +6.3. 2013: Dec +5.1; Nov +3.6; Oct +5.3.
Asia Pacific: 2014: Mar +6E; Feb +6P; Jan +8.1. 2013: Dec +5.6; Nov +4.8; Oct +6.9.
Europe: 2014: Mar +3E; Feb +5P; Jan +6.3. 2013: Dec +3.9; Nov +3.1; Oct +5.5.
US: 2014: Mar +2E; Feb +2P; Jan +3.8. 2013: Dec +4.6; Nov +1.2; Oct +2.7.

26 May 2014
-Our calculation of seats sold by airline groups in Europe in March, in the current editions of the Travel Business Analyst newsletter, shows -2.4% for AF+KL, +4.2% BA+IB, -0.9% LH+LX+OS.

-Strong report in current edition of the Travel Business Analyst newsletter on Skyscanner’s ‘Future of Travel’ report – entitled ‘Sky slammer’.

23 May 2014
Travel industry counts:
-Air Asia X sold 1.08mn seats, +66.94%, over Jan-Mar.
-Cathay Pacific (with Dragonair) sold 2.70mn seats, +10.1%, in April.
-STR reports US hotel occupancy 65.7%, +3.2%, average room rate US$114.67, +4.0%, in April.

Link to Foxtrots blog on new CEO at Pan Pacific Hotels: http://tbaoffice.wordpress.com/2014/05/21/schroeder-pan-pacific-hotels/

22 May 2014
Our January calculation of passenger throughput at ‘low-fare airports’ in Europe, in the current editions of the Travel Business Analyst newsletter, derived from ACI data, shows: +7.4% (all airports +6.2%). All-2013: +1.8% (+5.0%).

21 May 2014
Aviation updates:
-Air France KLM sold 6.7mn seats, +1.8%, in April.
-American RPKs were +4.7% in April.
-Emirates sold 44.5mn seats, +13%, in 2013.
-Frankfurt airport handled 4.7mn passengers, +0.9%, in April.
-IATA reports premium travel grew +1.9% in March.
-London Heathrow airport handled 6.2mn passengers, 6.7%, in April.

20 May 2014
Aviation updates:
-Copenhagen airport handled 2.2mn passengers, +12.8%, in April.
-IAG (British, Iberia, Vueling) RPKs were +9.5% in April.
-Lufthansa Group sold 8.6mn seats, -0.6%, in April.
-SAS sold 2.4mn seats, +9.2%, in April.
-Southwest RPKs were +4.4% in April.
-Turkish sold 12mn seats, +20%, in Q1.

19 May 2014
The February hotel-track in the current editions of the Travel Business Analyst newsletter, shows occupancy growth in points: World 3.2; AsPac 3.1; Europe 4.6; US 1.8. Previous month: 0.3; -1.1; 0.7; 1.2.

16 May 2014
The March ‘TBA-100 Index’ of travel stock prices, in the current editions of the Travel Business Analyst newsletter, shows: World 151; AsPac 83; Europe 113; US 257. (Base: Dec 06.)

Link to Travel Pursuits column (travel trade humour, quiz, crossword), Page 24, in TTG Asia compiled by Murray Bailey, editor of Travel Business Analyst:
 http://epublishbyus.com/ebook/ebook?id=10036995#/24

15 May 2014
Travel industry updates:
-PATA (Pacific Asia Travel Association). In its 2014-8 forecast report: repeats expectation of over-6%/year growth in visitors over 2013-8 (our counts show first semester was +3.7%); Southeast Asia fastest with +12%/year; Asia markets +8%/year; Russia +20%/year (new restrictions in Russia on outbound travel is slowing or ending growth).
* A full report on this topic in the June issue of the Travel Business Analyst newsletter highlights some important observations on the data as presented.
-WTO (World Tourism Organization). Reports visitor spend in 2013 was US$1.16tn, +5%, and spend on transport US$218bn (no growth shown). WTO adds these to get US$1.4tn in “export earnings”. However, not all transport earnings are exports; probably 15% are imports, and another 15% domestic spend (US traveller, for instance, flying US airline).
  WTO calculates the travel business accounts for 29% of services’ exports and 6% goods-and-services’ exports – making it fifth after fuels, chemicals, food, vehicles.
* A full report on this topic in the June issue of the Travel Business Analyst newsletter highlights some important observations on the data as presented.

14 May 2014
ICCA (International Congress and Convention Association) has produced its annual meetings count*.
  Our main analysis is based on multi-year results. We are motivated by those in the MICE segment of the travel business – who tell us that single-year figures can be misleading, as seen with some unusual moves. As a result, we calculate average-annual totals based on five-year periods - to balance out distortions caused by unusually-big or -small events in one year.
  Surprisingly, ICCA, although it started in 2013 also to measure by 5-year periods, still ranked its findings by single-year figures!
  Following is our ranking (for Asia Pacific, Europe, US only):
[] By country:
-The top-3 remain unchanged, but fourth is the UK the Travel Business Analyst (TBA) ranking - below France in ICCA’s single-year ranking.
-China climbs just above Japan in TBA’s ranking.
-Austria gains three places in TBA’s ranking.
[] By city, showing important changes:
-Vienna retains its top spot in TBA’s ranking – shown as slipping to 3rd in ICCA’s ranking.
-Madrid, 2nd for ICCA, falls to 6th for TBA, below its Barcelona country rival – which will not help the ongoing political debate between those two cities.
-Another big change is Amsterdam – 9th for TBA, 12th for ICCA.
* A full report on this topic in the next issue of the Travel Business Analyst newsletter highlights some important observations on the data as presented.
*ICCA compiles details of associations meetings only. To be counted, meetings must:
- Be organised on a regular basis. (No one-off events.)
- Rotate between at least three countries (for one year, 2001, it was four). (Not, for instance, ITB Berlin, but yes to PATA’s annual congress.)
- Have at least 50 participants. (No (small) company meetings.)

Table 2
Country ranking meetings


Country

Rank,TBA

Rank,ICCA

Country

Rank,TBA

Rank,ICCA

US

1

1

Austria

9

12

Germany

2

2

Netherlands

10

9

Spain

3

3

Switzerland

11

17

UK

4

5

Australia

12

14

France

5

4

Korea

13

10

Italy

6

6

Sweden

14

13

China

7

8

Portugal

15

11

Japan

8

7

 

 

 

Notes: ICCA for 2013 only, TBA for annual average (from ICCA data) over 2009-13. Source: International Congress and Convention Association, Travel Business Analyst.

 

Table 2
City ranking meetings


City

Rank,TBA

Rank,ICCA

City

Rank,TBA

Rank,ICCA

Vienna

1

3

Amsterdam

9

12

Paris

2

1

Lisbon

10

=9

Barcelona

3

4

Copenhagen

11

15

Berlin

4

5

Beijing

12

17

Singapore

5

6

Seoul

13

=9

Madrid

6

2

Prague

14

11

London

7

7

Stockholm

15

=20

Istanbul

8

8

 

 

 

Notes/Source: As Table 1.

 

13 May 2014
Travel industry updates:
-Air ticket sales of US travel agencies were US$32.4bn, +4.93%, in Jan-Apr. Source: ARC.
-Occupancy in Bangkok hotels was 55.2%, -30.7%, in Q1. Average room rate was US$99 (B3221.60), -0.6% (in baht). Source: STR Global.

12 May 2014
Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Feb +2E; Jan +3P. 2013: Dec +4.6; Nov +1.2; Oct +2.7; Sep +2.0; Aug +2.6; Jul +2.7; Jun +2.7; May +2.8; Apr +0.6; Mar +3.6. (Percentage change over previous year. E=estimate, P=provisional.)

9 May 2014
Travel industry counts:
-Aeroflot sold 1.84mn seats, +16.8%, in March.
-Air Berlin sold 2.55mn seats, +2.8%, in April.
-Easyjet April sold 5.79mn seats, +10.2%, in April.
-Monarch sold 6.8mn seats, +15%, in 2013.
-Ryanair sold 7.8mn seats, +5.3%, in April.
-SAS sold 2.4mn seats, +9.2%, in April.
-Visitor spend in US US$11.9bn, +6%, in March.

8 May 2014
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: Feb +6E; Jan +7P. 2013: Dec +5.6; Nov +4.8; Oct +6.9; Sep +8.1; Aug +7.8; Jul +4.2; Jun +6.0; May +4.0; Apr +3.3; Mar +6.4. (Percentage change over previous year. E=estimate, P=provisional.)

7 May 2014
Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Feb +5E; Jan +5P. 2013: Dec +3.9; Nov +3.1; Oct +5.5; Sep +4.0; Aug +6.1; Jul +1.1; Jun +5.0; May +4.3; Apr +0.5; Mar +2.1. (Percentage change over previous year. E=estimate, P=provisional.)

6 May 2014
Aviation updates:
-Air France-KLM revenue was US$7.71bn (€5.55bn) in Q1. Management reports this as “stable”; it was actually -2.2%.
-IATA (International Air Transport Association) says RPKs were +3.1% in March – international +2.6%, domestic +4.0%.
-Singapore airport handled 4.49mn passengers, -2.5%, in March.

5 May 2014
Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Feb +5E; Jan +6P. 2013: Dec +5.1; Nov +3.6; Oct +5.3; Sep +4.7; Aug +5.7; Jul +2.6; Jun +4.8; May +4.0; Apr +1.5; Mar +5.4. (Percentage change over previous year. E=estimate, P=provisional.)

2 May 2014
Total passengers through France in Q1 grew 4%. We estimate overall growth for Asia was just 2% - but that hides some surprising falls over some route patterns.
  Of those above 100,000 passengers, Hong Kong was -23%, India -1%, Japan -1%, Singapore -17%. (Still growing well were China +9% and Thailand +11%, albeit partly because it fell 6% in Q1 2013.)
  What’s up?

1 May 2014
Travel stocks (US, AsPac, Eur) in April. Airlines: biggest growth, Qantas +10%; biggest fall, Air Asia -11%. Hotels: Peninsula +10%, NH -11%. Others: Avis +9%, Orbitz -8%.
  Previous month: Airlines: biggest growth, Air NZ +15%; biggest fall, SAS -19%. Hotels: NH +7%, Jinjiang -14%. Others: Kuoni +9%, Orbitz -18%.
  TBA Travel Stocks Index: WW 149, US 258, AsPac 82, Eur 108.  Index previous month: WW 151, US 257, AsPac 83, Eur 113.
  Info via Travel Business Analyst. Details in next month’s newsletters.

30 April 2014
In March, Easyjet sold almost as many seats as Ryanair – 5.1mn (+4.8%) compared with 5.2mn (-3.9%) at Ryan. However, April is the start of the summer big-traffic season for Ryan, so it will stay ahead of Easy. Nevertheless, Ryan is in trouble because of its weak winter business. An earlier report in Foxtrots explained what is the problem with Ryanair’s businessplan.
http://wp.me/pTv9-br

29 April 2014
The December ‘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 2012. Previous month +2%.

28 April 2014
Our calculation of seats sold by airline groups in Europe in February, in the current editions of the Travel Business Analyst newsletter, shows 1.8% for AF+KL, +7.4% BA+IB, +0.9% LH+LX+OS.

Link to Foxtrots blog on WTTC head David Scowsill: http://tbaoffice.wordpress.com/2014/04/26/scowsill-soundbites/

25 April 2014
Our YTD through November calculation of passenger throughput at ‘low-fare airports’ in Europe, in the current editions of the Travel Business Analyst newsletter, derived from ACI data, shows: +1.4% (all airports +5.4%). Last month: +1.2% (+4.7%).

24 April 2014
ITB Berlin has produced some data on moslem travel, not all coherent. Some details:
-In 2020 moslem travel will grow 4.8%, above 3.8% for total travel.
-The moslem share of travel will be 14% in 2020.
-67% of moslem travellers say halal food and cooking is most important for them in a holiday destination, then 53% price, 50% moslem-friendly atmosphere.
-53% went on holiday with their family, 23% with friends, 19% with spouses.
A different report on this topic in the Travel Business Analyst newsletter highlights some important observations on the data as presented.

23 April 2014
The January hotel-track in the current editions of the Travel Business Analyst newsletter, shows occupancy growth in points: World 0.3; AsPac -1.1; Europe 0.7; US 1.2. Previous month: 1.5; 1.9; 1.6; 1.1.

22 April 2014
GBTA (Global Business Travel Association) forecasts business-travel spend in the US will grow 7.2% to US$288.8bn this year. International is forecast to grow 12.4% to US$36.6bn. Group trip spend (in this case, on MICE travel), is forecast to grow 7.2% to US$124.1bn.
  This outlook is different to that of American Express, which forecasts a fall in MICE this year – flat in meetings numbers in Europe and a 2% fall in spend (+2% and 0% in North America, -1% and -4% in Asia Pacific).
A different report on this topic in the Travel Business Analyst newsletter highlights some important observations on the data as presented.

21 April 2014
The February ‘TBA-100 Index’ of travel stock prices, in the current editions of the Travel Business Analyst newsletter, shows: World 148; AsPac 84; Europe 113; US 245. (Base: Dec 06.)

18 April 2014
-Alitalia sold 1.68mn seats in March; we estimate that was a 0.7% fall.
-Premium traffic (RPKs) on IATA member airlines was +4.1% in February.
-Copenhagen airport passenger count was 2.0mn, +4.8%, in March.
-Frankfurt airport passenger count was 12.2mn, +2%, in Q1.

17 April 2014
-Cathay Pacific (with Dragonair) sold 2.60mn seats, +2.0%, in March.
-Etihad sold 3.2mn seats, +14%, in Q1.
-London Heathrow airport passenger count was 5.8mn, -2.8%, in March.

16 April 2014
Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Jan +2E. 2013: Dec +5P; Nov +1.2; Oct +2.7; Sep +2.0; Aug +2.6; Jul +2.7; Jun +2.7; May +2.8; Apr +0.6; Mar +3.6; Feb +0.9. (Percentage change over previous year. E=estimate, P=provisional.)

15 April 2014
US updates:
-US travel agencies in Q1 - air ticket sales US$24bn +4.6%, ticket transactions 39.5mn +2.6%.
-US visitor spend on traveller accommodation +14.5% in Q4 2013, prices for traveller accommodation -8.0%, prices for passenger air transportation +7.9%.

14 April 2014
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: Jan +8E. 2013: Dec +6P; Nov +4.8; Oct +6.9; Sep +8.1; Aug +7.8; Jul +4.2; Jun +6.0; May +4.0; Apr +3.3; Mar +6.4; Feb +6.7. (Percentage change over previous year. E=estimate, P=provisional.)

11 April 2014
Link to Travel Intelligence column, Page 6, in TTG Asia compiled by Murray Bailey, editor of Travel Business Analyst: http://epublishbyus.com/ebook/ebook?id=10036683#/8

Link to TTG Travel Pursuits column, Page 13, in TTG Asia compiled by Murray Bailey, editor of Travel Business Analyst: http://epublishbyus.com/ebook/ebook?id=10036683#/26

10 April 2014
Aviation updates in March (unless noted otherwise):
-ACI reports Europe’s airport passengers +5.3% in February.
-Air Berlin sold 2.26mn seats, -4.4%.
-American RPKs were +0.9%.
-Easyjet sold 5.11mn seats, +4.8%.
-IAG (British, Iberia, Vueling) RPKs were +2.6%.
-Lufthansa Group sold 21.7mn seats, +0.5%, in Q1.
-SAS sold 2.2mn seats, +7.1%.
-Southwest RPKs were +1.6%.
-United RPKs were +0.7%.

9 April 2014
Link to Foxtrots blog on the Singapore Airlines group: http://tbaoffice.wordpress.com/2014/04/09/singapore-airlines-company-thoughts/

Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Jan +4E. 2013: Dec +4P; Nov +3.1; Oct +5.5; Sep +4.0; Aug +6.1; Jul +1.1; Jun +5.0; May +4.3; Apr +0.5; Mar +2.1; Feb +2.5. (Percentage change over previous year. E=estimate, P=provisional.)

8 April 2014
Travel industry updates:
-Aeroflot sold 1.56mn seats, +14.9% in February.
-The US department of commerce forecasts 72.2mn visitors, +3.6%, this year.
-US visitors spent US$12.2bn, +8%, on travel goods and services in the US in January, and US$3.6bn, +4%, on passenger air and ship fares (on US aircraft/ships only).

7 April 2014
Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2014: Jan +5E. 2013: Dec +5P; Nov +3.6; Oct +5.3; Sep +4.7; Aug +5.7; Jul +2.6; Jun +4.8; May +4.0; Apr +1.5; Mar +5.4; Feb +3.4. (Percentage change over previous year. E=estimate, P=provisional.)

4 April 2014
Link to TTG Travel Pursuits column, Page 5, in TTG Asia compiled by Murray Bailey, editor of Travel Business Analyst:
http://epublishbyus.com/ebook/ebook?id=10036512#/4

Foxtrots blog – Taiwan . Link: http://tbaoffice.wordpress.com/2014/04/04/taiwan-update/

3 April 2014
Taiwan’s MICE
-Taiwan External Trade Development Council (abbreviated, inexplicably, to Taitra) issues the Meet Taiwan discount card. It forecast 60,000 would be issued but it was wrong; about 105,000 had been issued by end-2013.
-Grand, which manages the International Convention Center Kaohsiung, held 750 events in its first year of management (almost comprising all-2013); it projects double that this year.
-Kaohsiung Exhibition Center is due to open this month. It is the first conference centre managed by Uniplan, which has signed a 12-year management contract for the government-owned centre. Until now Uniplan has done event management.
-Taiwan has probably gained from the China-v-Japan political squabble. In 2013, for instance, McDonald’s China held a business meeting–cum-incentive travel for 2500 management-level staff.
-2013 C and E (of MICE) ‘output’ (not clearly defined) US$1.1bn (NT$33.8bn).
-Visitors who had seen advertisements or read reports about Taiwan before visiting – all types of visitors 63%, MICE (just C & E segments; likewise for rest of this section) 49%.
-Spent their spare time on sightseeing during their visit in Taiwan – all 58%, MICE 89%.
-Made trip as a “group tour arranged through a travel agency” – all 40%, MICE 3%.
-First time to Taiwan – all 68%, MICE 66%.
-Daily spend – all US$234, MICE US$213. Most observers maintain that MICE visitors spend more. The DMO had no comment on this contrary finding.
-Spend breakdown – hotel (all 32% share, MICE 52%), meals (all 13%, MICE 13%), local transport (all 10%, MICE 8%), entertainment (all 8%, MICE 4%), shopping (all 36%, MICE 20%), miscellaneous (all 1%, MICE 2%).
-Applied for tax refund – all 15%, MICE 7%. Thought tax-refund procedures were convenient – all 93%, MICE 100%.
Notes: Other related reports on Taiwan have appeared in the Travel Business Analyst newsletters, and in the Foxtrots and Trottings blogs.

2 April 2014
Daily ridership on THSR (Taiwan High Speed Rail), running Taipei-Kaohsiung, is about 130,000 on about 135 departures daily.
  The service 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.
  It also affected other modes of transport:
-After THSR started, non-high-speed traffic Taipei-Kaohsiung fell 10%. We are surprised it was not more. So this probably indicates that THSR took most of its traffic from the airlines, but see also next.
-The parallel expressway also lost 10% of its traffic, and long-distance bus companies lost 20-30%.

1 April 2014
Travel stocks (US, AsPac, Eur) in March. Airlines: biggest growth, Air NZ +15%; biggest fall, SAS -19%. Hotels: NH +7%, Jinjiang -14%. Others: Kuoni +9%, Orbitz -18%.
  Previous month: Airlines: biggest growth, Ryanair +17%; biggest fall, Malaysia -17%. Hotels: Orient Express +11%, Melia -5%. Others: Orbitz +32%, Kuoni -9%.
  TBA Travel Stocks Index: WW 151, US 257, AsPac 83, Eur 113.  Index previous month: WW 148, US 245, AsPac 84, Eur 113.
  Info via Travel Business Analyst. Details in next month’s newsletters.

31 March 2014
The November ‘TBA All-Travel Index’ in the current editions of the Travel Business Analyst newsletter, for Asia Pacific travel, is at +2% over the same month in 2012. Previous month +5%.

28 March 2014
Foxtrots blog – Etihad Regional. Link: http://tbaoffice.wordpress.com/2014/03/28/etihad-does-mini-etihad/

27 March 2014
Travel industry updates:
-Wrong name. Switzerland-based Darwin Airline, now 33% owned by Etihad, was renamed Etihad Regional this January. As the word ‘etihad’ comes from the Arabic for ‘union’, we believe its new name should be UnionAir.
-Newly-available data on the Kuala Lumpur-Bangkok route shows traffic last December was greater into Don Mueang airport than into Suvarnabhumi.
-The core Singapore Airlines group (SIAG - SIA plus Silk) sold only 1.4% more seats over January-February.
-Singapore airport handled 4.11mn passengers, -0.2%, in February.
-US visitors 5.4mn, +3%, in November 2012.

26 March 2014
Our calculation of seats sold by airline groups in Europe in January, in the current editions of the Travel Business Analyst newsletter, shows 2.5% for AF+KL, +6.4% BA+IB, +3.1% LH+LX+OS.

25 March 2014
Outbound travel by US nationals totalled 4.5mn, +9%, in January. To overseas 2.0mn +4% (Europe 578k +3%, Asia 376k +1%). With North America 2.48mn, +13%.

24 March 2014
Foxtrots blog - Tripped Up, or Bad Trips. India, (No-) Goa, Virgin, WTTC. Link:
http://tbaoffice.wordpress.com/2014/03/

21 March 2014
Our YTD through October calculation of passenger throughput at ‘low-fare airports’ in Europe, in the current editions of the Travel Business Analyst newsletter, derived from ACI data, shows: +1.2% (all airports +4.7%). Last month: +1.0% (+4.4%).

20 March 2014
Foxtrots blog - Club Med in a Muddle. Link: http://tbaoffice.wordpress.com/2014/03/20/club-med-in-a-muddle/

The December hotel-track in the current editions of the Travel Business Analyst newsletter, shows occupancy growth in points: World 1.5; AsPac 1.9; Europe 1.6; US 1.1. Previous month: 3.9; AsPac 5.5; Europe 5.0; US 0.5.

19 March 2014
Aviation updates:
-Alitalia. Selected data being released. Not all shown here because value of data may not be clear. Period Jan-Feb.
  -Visitors to Italy on Alitalia +4%.
  -Seat sales from Europe +6%.
  -Seat sales from North America +3% - business class +6.4pts, premium economy +7.4pts.
-Cathay Pacific (with Dragonair) sold 2.38mn seats, + 1.8%, in February.
-IATA member airlines’ premium seat sales +6.1% (North Atlantic +5%, Asia +7%) in January. 

18 March 2014
The January ‘TBA-100 Index’ of travel stock prices, in the current editions of the Travel Business Analyst newsletter, shows: World 136; AsPac 83; Europe 109; US 215. (Base: Dec 06.)

17 March 2014
(Delayed report)
Some surprising moves in 2013 travel stock prices. They grew 40% worldwide, 74% in the US, 47% in Europe, but fell 27% in Asia Pacific! Match that with their stockmarket results - +17% WW, +23% US, +18% Eur, flat in AsPac.

14 March 2014
Travel industry updates:
-ACI said Europe’s airports handled +6.3% passengers in January.
-Air Berlin sold 1.84mn seats, +2%, in February.
-American RPKs were +0.5% in February.
-Easyjet sold 4.23mn seats, +2.9%, in February.
-Frankfurt airport handled 3.7mn passengers, +1.8%, in February.
-IAG (British Iberia Vueling) RPKs were +11.4% in February.
-IATA forecasts seat sales will be +5.8% this year; earlier, it forecast +6.0%.
-London Heathrow airport handled 4.9mn passengers, +1%, in February.
-Ryanair sold 4.5mn seats, +7%, in February.
-Southwest RPKs in February were +1.2%.
-Turkish sold 48.3mn seats, +23.6%, in 2013.
-United RPKs were -0.3% in February.
-US visitors were 6.0mn, +4% in September.

13 March 2014
Our US ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2013: Dec +5E; Nov +1P; Oct +2.7; Sep +2.0; Aug +2.6; Jul +2.7; Jun +2.2; May +1.4; Apr +0.4; Mar +3.4; Feb +0.7; Jan +2.8. (Percentage change over previous year. E=estimate, P=provisional.)

12 March 2014
IPKI mis-reporting
(Extracted from the Travel Business Analyst newsletter.)
We have found disturbing mis-reporting, and some errors, in recent output from research body IPK International’s World Travel Monitor. The company did not answer our requests for clarification before going to press, leaving us to interpret its data and comments as best we can.
-Notes “tourism” grew 4% in 2012. We assume this is only inbound visitor arrivals.
-Says this 2012 result makes 2013 “one of the most successful years to date”. We do not understand how 2012 data makes 2013 a ‘success’. In addition, ‘one of’ is unacceptable for an organisation such as IPKI and almost meaningless. For instance, arrivals (if IPKI is commenting on that) grew 5% in 2011 and 7% in 2010, making each of those also ‘one of the most successful...’.
  For 2013:
-IPKI says the MICE segment grew 6%. We do not know how IPKI measures MICE, but we do know the sector is small, certainly under 10%.
-What IPKI calls “conventional business travel” fell 10%; we presume this excludes the MICE sector.
-“Culturally motivated travel such as city breaks” grew 8%. We disagree that all ‘city breaks’ can be defined ‘culturally-motivated’.
-“Culturally motivated travel such as roundtrips” grew 5%. Nonsensical definition, although IPKI usually has a category of ‘sightseeing’, and we presume ‘roundtrips’ is that but mis-translated.
  IPKI also continues with its non-travel observations, which to us seem exaggerated and faintly ridiculous, viz:
-“There is still a risk of national economies going bankrupt and the world’s financial system collapsing.” Obviously there is always a possibility that these two events will happen, but surely this is unlikely, at least in the near future, say 4/5 years?
  (That said, by using the term ‘national economies’, IPKI includes every economy in the world, so the likelihood of one going bankrupt one day – that is the definition – must be high.)
-“For the old economies this means that the economic pressure of higher taxes and interest rates which take effect below the inflation threshold will result in a further tightening of belts.” An “inflation threshold” does not exist, thus making this comment meaningless.
-Despite the “unsettled economic situation”, IPKI says the volume of travel will “continue to grow and for the most part will result in more people from the new economies undertaking their first trips” (in 2014). Similarly, a ‘settled’ economic situation does not exist – unless IPKI has its own definition, such as the top-10 economies all growing annually at 2-5%?
  We also do not understand how growth in travel can ‘result in’ more people from ‘new economies’ (whatever they are) taking a first trip. Surely it is the other way round - growth (which is particularly from China and Russia) will cause the growth?

11 March 2014
Our Asia Pacific ‘TBA Travel Industry Index’ in the current Asia Pacific edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2013: Dec +6E; Nov +5P; Oct +6.9; Sep +8.1; Aug +7.8; Jul +4.2; Jun +6.0; May +4.0; Apr +3.0; Mar +6.4; Feb +6.7; Jan +3.4. (Percentage change over previous year. E=estimate, P=provisional.)

10 March 2014
Our Europe ‘TBA Travel Industry Index’ in the current Europe edition of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2013: Dec +5E; Nov +3P; Oct +5.5; Sep +4.0; Aug +6.1; Jul +1.1; Jun +5.0; May +4.3; Apr +0.5; Mar +2.1; Feb +2.5; Jan -1.4. (Percentage change over previous year. E=estimate, P=provisional.)

7 March 2014
Asean. Annual review.
Reports on the 10 destinations of Asean, collected from the ATF-2014 in Kuching, Malaysia. Different reports on these destinations have run in the Travel Business Analyst newsletters (primarily market analysis) and on travelbusinessanalyst.com (primarily news). The reports here are more product-related.

Brunei.
-New products: Floating Jetty to Bangar in Temburong district, due early this year, costing US$188k (B$236k); 500-ha Agro-Technology Park (free entry); War/Heritage Trail; River Cruise; Islamic Tours; Kampong Kiudang (jungle trekking, cultural and heritage trails).
-Improvements at the Jerudong pleasure park (mini water park, ferris wheel, 21-mini hole golf-course, junior coaster ride), due by mid-year.
-New/changed hotels: V Plaza (Kuala Belait) 82R, Stoneville 36R, Star Lodge (was Holiday Lodge) 107R, Park Garden (was Goodview) 68R, NSEY Hotel (Kuala Belait) 18R.

Cambodia. No information given.

Indonesia.
-DMO plans more effort in China, including B-to-C promotions in six secondary cities, such as Chongqing, Suzhou. It did three cities in 2013. It will be helped by new flights, such as Hainan-Bali by Hainan Airlines.
-New policy is to promote ‘Bali Beyond’. Helping will be new Garuda ATR flights from Bali to east Indonesia, such as Komodo and Papua.
-Garuda plans to restart London flights this year.
-DMO now using trade-term coined by Travel Business Analyst – VoB, for Visa-on-Board. The service has been available on flights from Australia and Japan, and has now been started on flights from Shanghai.

Laos.
-Applied for world heritage status for the Plain of Jars (which has 156 pots, of which the biggest is 3m).
-Visa free for Asean markets plus six other, and largely irrelevant, markets. Not, for instance, Australia, China, France, Germany, UK, US. The DMO says the reason is political; Luxembourg and Switzerland get visa-free because they help Laos economically.

Malaysia.
-Current opening date for the replacement second terminal at Kuala Lumpur airport (named KLIA-2, to take over from the LCCT, low-cost-carrier-terminal) is this May.
-Among new hotels due in Kuala Lumpur: St Regis due 2014, Regent 2015, W 2016, Four Seasons 2017, Harrods 2018.
-The Iskandar development in Johore Bahru opened a retail village last September, including 80 upmarket shops. The Legoland theme park, also opened September, counted a high 2mn visitors by year-end.
-23,000 people approved for second-home visas – ostensibly for retirement, but also used by businessmen from other countries.

Sarawak, host of ATF-2014.
-Has Mulu as world heritage site and the DMO is considering a link with Cambodia’s Siem Reap and Komodo in Indonesia for a culture circuit.
-The state still has control over immigration (even intra-Malaysia travellers go through immigration control). That was the deal the Sarawak state arranged when it joined the Malaysia federation.
-Product changes: pedestrian bridge over the river in Kuching, but date not finalised.
-Kuching product update due this year:
  -Borneo Samariang Resort City. A 200ha satellite township north of Kuching, to be developed over 10 years including theme parks, resort accommodation, and what is called a ‘dedicated MICE Center’ – although there cannot be such a thing for the ‘I’ part of ‘MICE’.
  -KTS Garden, comprising a main hall with restaurants - general Chinese with 60 tables and a Cantonese one with 20.
  -Imperial Hotel. 325R, ballroom (1500 banquet-style), nine meeting rooms 40-60 banquet-style). Due this month.

Myanmar.
-Visitors can now arrive through one border crossing (including land crossings), and depart through another.
-A new airport is being built for capacity-peaked Yangon, due in 2017, perhaps 2016. Existing airport will remain open. Mandalay airport to be expanded; details unclear.
-DMO still encourages new airlines into Yangon, but looks more carefully at existing airlines wanting to increase their capacity.
-Sofitel due to open this year.

Philippines.
-Now diversifying its product.
-The DMO is now seeking educational tourism.
-A problem is air access. The DMO hopes Terminal-3 will open this year. A new airport is planned for the south of Luzon island.
-Following an executive order from the president, all foreign airlines have unlimited access to airports other than Manila.
-In 2013 Philippine Airlines restarted Europe flights, to London, and this year it plans to add Paris.
-Charter flights from China to Legaspi are planned for this year.
-Budget terminal is due to open at Clark airport by 2015.
-VPY, Visit Philippines Year, planned for 2015.

Singapore.
-14k hotel rooms due in next few years. Those this year include Holiday Inn Express.
-New products: River Safari, opened April 2013, part of which is the Amazon River Quest (only 480m long), opened December 2013; Marine Life Park, getting about 18k visitors/day; Satay by the Bay in Gardens by the Bay; Chinatown Food Street due to reopen Q1 this year; Madame Tussauds due to open on Sentosa island some time this year; Sports Hub, with a retractable roof, due to open first half of this year, with the first event scheduled to be a women’s tennis event, which has been signed on for eight years; National Art Gallery, due in 2015, housed in refurbished building; Singapore Botanic Gardens has applied for Unesco heritage site designation.
-There are plans to expand the city’s metro-rail system into Johore Bahru in neighbouring Malaysia.

Thailand.
-4th bridge into Laos opened in 2013. By 2016 the so-called ‘Asian Highway’ is due to open from Bangkok though Myanmar to northeast India.
-The DMO has set up a call centre to inform visitors about the current socio-political problems. And its website even provides video coverage of trouble-spots.
-This year it plans to focus on promoting the north and south – presumably to avoid problems if they continue to be centred on Bangkok.

Vietnam.
-New hotels/resorts: Novotel Danang, Laguna Lang Co, Muang Thanh.
-New airport is planned for HCMC. And Hanoi plans a new terminal.
-New rules introduced in 2013 to make it easier for visitors to bring in their own vehicles.
-Has seven world heritage sites.
-Visa-free access to Phu Quoc island (in the southwest actually closer to Cambodia, only 12km away). Its airport is served from Ho Chi Minh City, and there is a hydrofoil service to the mainland 115km away.

*Different reports on these destinations have run in this month’s Travel Business Analyst newsletters and in the Foxtrots blog.

6 March 2014
Aviation updates in January:
-Aeroflot sold 1.6mn seats, +13.7%.
-RPKs of airline members of IATA (International Air Transport Association) grew 8.0% (international +7.8%, domestic +8.2%).
–Singapore airport handled 4.60mn passengers, +6.3%.
-US international seats sold +8%.

5 March 2014
Our world ‘TBA Travel Industry Index’ in the current editions of the Travel Business Analyst newsletter, shows monthly traffic growth of: 2013: Dec +5E; Nov +3P; Oct +5.3; Sep +4.7; Aug +5.7; Jul +2.6; Jun +4.7; May +3.7; Apr +1.4; Mar +5.3; Feb +3.4; Jan +1.9. (Percentage change over previous year. E=estimate, P=provisional.)

Link to column compiled by Murray Bailey, editor of Travel Business Analyst, on Germany’s travel market in TTG Asia’s ITB Daily issue:
http://epublishbyus.com/ebook/ebook?id=10036134#/2

4 March 2014
In 2013:
-Copenhagen airport handled 24.1mn passengers, +3.1% .
-London Heathrow airport handled 72.3mn passengers, +3.4%.
-Visitors to the US spent US$181bn, +9%.
-Etihad sold 11.5mn seats, +12%.

3 March 2014
Foxtrots blog - Meetings trends; Amex, ICCA, GCB. Link: http://tbaoffice.wordpress.com/2014/03/02/meetings-trends-amex-icca-gcb/

Travel stocks (US, AsPac, Eur) in February. Airlines: biggest growth, Ryanair +17%; biggest fall, Malaysia -17%. Hotels: Orient Express +11%, Sol Melia -5%. Others: Orbitz +32%, Kuoni -9%.
  Previous month: Airlines: biggest growth, American 33%; biggest fall, Jet AW -19%. Hotels: NH +9%, Shangri La -15%. Others: TUI +6%, Interval -15%.
  TBA Travel Stocks Index: WW 148, US 245, AsPac 84, Eur 113.  Index previous month: WW 136, US 215, AsPac 83, Eur 109.
  Info via Travel Business Analyst. Details in this month’s newsletters, including comparison with end-year prices over the past 12 months, and with 5- and 10-years ago.

end

 

 


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Current Issues...

Main contents in current issues of our newsletters and reports:

Travel Business Analyst, Asia Pacific: ICCA counts. PATA inbound forecasts. Plus: Market Monitor; World Travel Industry Index; ZERO; Market Headlines; Market Outlook; and 20 regular tables of market data.


Travel Business Analyst, Europe: ICCA counts. Other meetings results. Ryanair. 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: AirBnB measures; others.


People-in-Travel: Adrian Zecha; Mari Pangestu; others.


Foxtrots/Trottings (recent): Air Nostrum, VoB, Qantas; Schroeder, Pan Pacific; Etihad mini-Etihad.


ZERO (occasional): FURther thoughts; Europe fails again; Frankfurt airport.

 

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