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04 March 2010
PATA (the Pacific Asia Travel Association) says visitors in Asia Pacific fell 3% in 2009; it was 6% in the first half. By region: Southeast Asia +1%; Northeast Asia -2%; South Asia -3%; Pacific -2%.

01 March 2010
Airport traffic worldwide, reports Airports Council International, fell 2.6% in 2009.

26 February 2010
In 2009, the city of Berlin staged 108,500 events, up 4%, with 8.26mn participants, up 1%, and 5mn roomnights, up 6%. 

25 February 2010
Aeroflot-Russian Airlines sold 8.8mn seats in 2009. That is 6.8% growth - on 2007.

25 February 2010
BAA counted 85.9mn passengers, down 3.8%, through its London Heathrow and Stansted airports in 2009. Heathrow's fall outperformed competitors; Stansted underperformed.
  (BAA [which was British Airports Authority] completed sale of its London Gatwick airport for £1.5bn in December.)
  Perhaps surprisingly, net retail income per passenger increased 6.1% to £4.72.

24 February 2010
Visitor arrivals in Spain increased 1.1% to 2.54mn in January, after 18 months of decline. This is the Dead Cat Bounce; arrivals were down 9.8%. IET.

23 February 2010
InterContinental Hotels opened 439 hotels (H) with 55,000 rooms (R) in 2009.

23 February 2010
ACI (Airports Council International), whose members represent about 95% of airport passengers, has upped its estimates for 2010. To 3-4% growth.

22 February 2010
Total passenger numbers at Amsterdam Schiphol, Rotterdam, and Eindhoven airports (the three operated by the Schiphol group) fell 7.7% to 46.3mn in 2009. Numbers of passengers travelling through Schiphol fell 8.1% to 43.6mn.

February 20 2010
The Philippines government wants to double its number of rooms from the current 14,000 to 30,000 within five years. But with the count often going in the other direction (there were 22,000 in 1995), this seems unlikely.
  Also difficult to reach will be visitor arrival targets - 5mn for 2010 - because that would require 26% average growth in 2009 and this year. Although the highest annual growth this decade has been 20%, the annual average has been only 6%. TBA.

February 19 2010
MSC Cruises estimates it sold 1.09mn berths, up 36%, in 2009. MSC has 10 ships cruising five world regions, with the MSC Magnifica due this March. Berth sales target for this year is 1.2mn, which would be 10.6% growth. TBA.

February 18 2010
The Asia Pacific hotel development pipeline includes 948 hotels with 239,918 rooms, according to the January 2010 STR Global Construction Pipeline Report. That compares with 239,313 rooms six months earlier.

February 17 2010
The Europe hotel development pipeline includes 602 hotels with 101,704 rooms, according to the January 2010 STR Global Construction Pipeline Report. That compares with 94,259 rooms six months earlier.

February 16 2010
Extracts from Page-1 Market Monitor, Travel Business Analyst, February:
Aviation
[] World; RPKs 2009; -4%. Cathay Pacific; seats sold 2009; 24m -3%. China Southern; seats sold 2009; 66m +14%. Lufthansa; seats sold 2009; 56m -3%. Singapore AL; seats sold 2009; 16m -15%.

Inbound
[] World; arrivals 2009; 880m -4%. Europe; arrivals 2009; 460m -6%. AsPac; arrivals 2009; 181m -2%. Australia; arrivals 2009; 5.6m -0%. Cyprus; arrivals 2009; 2.1m -11%. Korea; arrivals 2009; 7.8m +13%. Macau; arrivals 2009; 22m -5%. Malaysia; arrivals 2009; 24m +7%. Netherlands; arrivals 2009; 9.9m -2%. Spain; arrivals 2009; 52m -9%.

Others
[] World travel stock TBA Index; 2009; 65. Europe travel stock TBA Index; 2009; 50. US; travel agency sales; $66b -17%.

February 15 2010
US travel agency numbers have declined from a peak of 47,000 at end-1996 to under 16,000 at end-2009. Sales also dropped, again, to US$66bn, and thus are well below the US$84bn peak in pre-9/11 2000. Source: Airlines Reporting Corporation, Travel Business Analyst.

February 11 2010
The total active U.S. hotel development pipeline includes 3,647 projects with 378,145 rooms, according to the January 2010 STR/TWR/Dodge Construction Pipeline Report. This represents a 35.9-percent decrease in the number of rooms in the total active pipeline.

February 11 2010
STR Global says China's hotel occupancy fell 6.5 percent in 2009, with average room rate falling 21 percent.

February 10, 2010
In 2009, Air Canada reported passenger revenues of $8.50 billion fell 12 per cent.

February 2, 2010
The latest World Travel Industry Index by Travel Business Analyst shows: Nov +3E; Oct -1E; Sep +0.5P; Aug -1.5; Jul -2.4; Jun -6.2; May -7.3; Apr -2.3; Mar -10.3; Feb -11.2; Jan -6.7; Dec -6.3; Nov -5.6. (Percentage change over previous year. E=estimate, P=provisional.)

February 1, 2010
Travel Business Analyst estimates outbound travel by China nationals increased just 1% in 2009, following some monthly declines over the year, to 45mn.

January 18 2010
According to the World Tourism Organization, visitor arrivals fell 4% in 2009 to 880 million. They are forecast to increase 3-4% this year. There was 2% growth in Q4 2009.

January 14 2010
IATA (International Air Transport Association) has increased its (loss) forecast for 2010 from US$3.8bn to US$5.6bn. It expects the loss in 2009 will have been US$11bn and thus US$49bn over 2000-9, meaning US$5bn a year.

2010 January 13
FITUR, due 20-24 January expects 11,000 companies from 170 countries/regions, occupying 76,000 square metres of net exhibition space.

2010 January 11
Airbus delivered a total of 498 aircraft in 2009. The figure is a new company delivery record for a single year and is 15 more aircraft than in 2008.

December 2, 2009
The latest World Travel Industry Index by Travel Business Analyst shows: Sep +1E; Aug -2E; Jul -2P; Jun -6.2; May -7.3; Apr -2.3; Mar -10.3; Feb -11.2; Jan -6.7; Dec -6.3; Nov -5.6; Oct -2.0; Sep -2.5. (Percentage change over previous year. E=estimate, P=provisional.)

November 2, 2009
The latest World Travel Industry Index by Travel Business Analyst shows: Aug -3E; Jul -3E; Jun -6P; May -7.3; Apr -2.3; Mar -10.3; Feb -11.2; Jan -6.7; Dec -6.3; Nov -5.6; Oct -2.0; Sep -2.5. (Percentage change over previous year. E=estimate, P=provisional.)

2009 October 15
STR says US hotel occupancy dropped 7.9 percent to 60.5 percent in Q3, average daily rate fell 9.8 percent to US$96.84, and RevPAR decreased 16.9 percent to US$58.61.
YTD occupancy fell 9.9 percent to 56.6 percent, ADR dropped 9.1 percent to US$98.01, and RevPAR decreased 18.1 percent to US$55.48.

October 2, 2009
The latest World Travel Industry Index by Travel Business Analyst shows: Jul -2E; Jun -6E; May -8P; Apr -2.5; Mar -10.3; Feb -11.2; Jan -6.7; Dec -6.3; Nov -5.6; Oct -2.0; Sep -2.5. (Percentage change over previous year. E=estimate, P=provisional.)

September 15, 2009
The total active US hotel development pipeline includes 4,384 projects with 475,521 rooms, according to the August 2009 STR/TWR/Dodge Construction Pipeline Report. This represents a 2.5-percent decrease in the number of rooms in the total active pipeline.

2009 September 15
Washington - The International Air Transport Association (IATA) today announced a revised global financial forecast predicting airline losses totaling US$11 billion in 2009. This is US$2 billion worse than the previously projected US$9 billion loss due to rising fuel prices and exceptionally weak yields. Industry revenues for the year are expected to fall by US$80 billion (15%) to US$455 billion compared with 2008 levels.

2009 September 13
Dead Cats
This month, September, is likely to be the start of what the financial industry calls the Dead Cat Bounce. The DCB theory suggests an automatic correction on a sizeable decline in the previous year; even a dead cat bounces.
In practical terms, this indicates that many of the measures that started to show a fall after the Lehman Bros bank collapsed in September 2008 (but more starting from October) will likely see an increase with measures for September 2009. In some cases, the apparent bounce will be substantial - some starting above 10% growth.
This is of course a statistical illusion, because the real check should be whether there is growth in comparison with 2007 measures. But that will not matter; the commentariat will proclaim a new boom.
However, that is good for business, even if based on misreading data. Just as the extent of the fall was an exaggeration, so will be the bounce back.

2009 September 09
Outbound Swiss moves
A survey by Mondial Assistance, travel insurance, published in Travel Manager, finds that 74% of travellers from Switzerland will maintain their travel frequency this year.
However, making the survey hard to believe is the finding that 21% of travellers expect to travel more, leaving just 5% who plan to travel less.
We believe either the questions were framed wrongly, or the travellers are not telling the truth.

September 2, 2009
The latest World Travel Industry Index by Travel Business Analyst shows: Jun -5E; May -7-E; Apr -2.5-P; Mar -10.3; Feb -11.2; Jan -6.7; Dec -6.3; Nov -5.6; Oct -2.0; Sep -2.5. (Percentage change over previous year. E=estimate, P=provisional.)

2009 September 01
New ‘World Travel Industry Index’ from Travel Business Analyst
At the mid-year mark, the world’s travel business was an estimated 5% down on June 2008, according to the World Travel Industry Index. This is an improvement on May, although April* was only 2.5% down.
The WTII, compiled by Travel Business Analyst, includes traffic data from across the industry in the three main regions - Asia Pacific, Europe, and North America.
Murray Bailey, research director of Travel Business Analyst, says: “The WTII is a measure for traffic - travellers through airlines, hotels, destinations. It does not include revenue.”
Bailey says the WTII was started after the collapse of Lehman Brothers bank in September 2008. “There was much talk in the industry on what was happening, but it all seemed to be anecdotal,” he says. “We had no clear idea on what precisely was happening, and we needed to know.
“So we started what is now called the WTII so that we would have a better idea of precise measures. We now find this invaluable to track trends.”
Bailey adds that Travel Business Analyst has compiled an Index on the prices of quoted travel stocks for some years, and so this WTII complements those measures.”
The WTII is published in the monthly market newsletter of Travel Business Analyst as part of its Market Monitor - which tracks 100 travel measures around the world. Originally entitled ‘Crisis Market Monitor’ when started in October 2008, it was renamed in July, and offered as a separate product.
Travel Business Analyst also provides ad hoc copies of the WTII to travel industry partners on request.

2009 July 05
Visitors down
Visitor arrivals fell 11% in the first quarter, see table, according to the WTO (World Tourism Organization). Europe, counting more than half the world total, fell more, by 13% in Q1, but after Q1 there were signs of improvement - meaning a reduced fall. The Americas was down 6% and also showing improvement. Asia Pacific was down less, 8% although it too was showing, much clearer, improvement.
An irony is that these results are almost switched for air traffic - AsPac is down more than other main regions.
There are complications with reading these results. Figures for France - which reports the highest visitor counts in the region - has reported only through February. Thus its large 13% decline weighs heavily on other results. Although there are no special indicators than visitor arrival counts in France will be much better or worse than general patterns, that fall does seem high.
Spain, the destination we count as the largest visitor destination in the region (because of the counting methodology in France, and higher transit traffic), reported the biggest decline of the main destinations. However, its 16% fall is mainly because it has a high share of visitors from Germany and the UK (totalling 45%); two outbound markets, and economies, which have been particularly hard hit in this crisis.
The surprise, though, is the steep fall in the UK - also down 13%. Why? Although the economy can be blamed for the similar fall in UK-outbound travel, why inbound? The economy’s fall has also caused the UK’s currency to fall and that, together with price mark-downs by the industry, should make the destination particularly price-attractive this year.
That said, much of the UK’s growth in recent years was coming from new markets such as East Europe - almost heavily touched by the economic crisis (which includes temporary workers in the UK).
The US still accounts, just, for the highest single share of visitors (11%), and that market has fallen fast, low prices or not. However, airline traffic figures indicate that the worst of the fall is over - see other report in this issue.
These world totals are worse than the WTO expected, and so it has marked downwards its forecasts for this year. The organisation has been constantly downgrading expectations for 2009: in November 2008, it forecast 0-2% growth in arrivals for 2009, in February this year 0% to -2%, although adding that it could be -3%. Just before mid-year it said it was expecting a 2-3% fall for all-2009.
Currently, the WTO forecasts a fall of 4-6% for 2009. Following that 11% Q1 decline and around -8% Jan-Apr, the WTO forecasts a 4-6% fall May-August, then 3-5% September-December.
WTO does not combine all-world spend figures over part-years, but we estimate a fall of around 8% YTD. But WTO’s spending data is skewed by currency movements, and the general shortcomings in the original data. In 2008 growth in US dollars was 10.2%, but 2.7% in Euros; WTO estimates real growth was up 1.8%, near-matching the 1.9% growth in arrivals.
Our own World Travel Industry Index - see page 1, column 1 - shows an 11% fall in March following the same in February, and 7% in January.
Growth in 2009 visitor arrivals, %

2009 June 06
British Airways' ASKs in May 2009 fell 5.3% , RPKs fell 6.5%, resulting in a passenger load factor fall of 1.0-points, to 75.1%. Traffic comprised a 17.2% fall in premium traffic and a 4.2% fall in non-premium traffic.

2009 June 05
New PhoCusWright surveys:
[] The US online vacation rental market is expected to reach US$4.7bn in 2010, up from US$2.8bn in 2007.
[] PCW says European travellers take four trips per year. PCW says average per trip spend is US$1913 (at US$1 to €0.80), of which 35% is spent online. 31% of those surveyed purchase all their travel online.
[] Meetings. In 2008, PCW forecast that the US groups and meetings market would grow 3.3% to US$175bn. It now says this was achieved. No new details have been given, but earlier PCW expected that 41%, thus US$39bn, would be booked online in 2008.

2009 June 03
US 2008 air traffic
Overall growth of air passenger traffic to-and-from (t/f) the US in 2008 was up 3.6%, although it slowed towards the end of the year, see Table 1. Over the year, traffic t/f Europe (based on the markets that we track) did better, growing at 5.0%.
The UK has lost share this decade, falling from 16% of the total in 2000, to 13% in 2008. That helped pull down the all-Europe share, from 37% to 34%.
Average annual growth has been slow this decade - averaging only just over 1% over all markets. That makes some in Europe look not so weak, and Germany’s and Spain’s 4% look fast.
We have added other significant markets, see Table 2. In Asia Pacific, both t/f China and t/f India have had fast growth. But at the end of 2008, both were slipping, with India show the biggest drop - from 66% growth in September 2008 to just over 0% in December.
In Europe, the next largest market (not shown in Table 1) was t/f Denmark, reporting a slight decline. Of others, t/f Russia still showed a strong increase, up 22%. In the UAE, where Dubai is the main market, growth was up 70%.
Table 1
Air passengers to/from US, main markets

Table 2
Air passengers to/from US, secondary markets, 2008

Iberia.com slows
The airline does not reveal the same information on iberia.com each year, so systematic tracking is not possible. But results for 2008, see table, indicate that internet revenue increased 6% (Iberia reports 7.5%; our data is based on calculations from released figures).That pushed up share of internet sales on the airline’s total revenue to just under 10% - compared with just under 1% as recently as 2000.
Growth of sales on Iberia’s sites outside Spain still showed good growth, although the 17% increase was still down on 31% in 2007. More surprising is the apparent fall in non-air sales. Our calculations indicate a fall of 30-40% in terms of hotel and car rental sales, although these are still above levels since Iberia first published them, in 2005.
However, despite some weak results, average annual online revenue growth on iberia.com since 2000 has been a sizeable 41%.

Iberia's internet profile

2009 May 01
IPK’s outbound report
Other findings we have obtained from IPK studies on outbound travel in 2008 (main report in TBA’s April issue):
[] From Europe:
-short trips increase 9%, longer trips 0%.
-cities - 12.6mn arrivals in Paris, 12.3mn London, Vienna 5.3mn, Rome 5.2mn, Berlin 4.7mn.
-highest spenders are travellers from Switzerland, lowest from Poland.
-40% booked on packages, up 4%.
-Those travelling on holidays totalled 294mn up 5%, on business 63mn up 1%.
[] From Germany:
-International nights 730mn up 4%, spend US$91bn (at US$1 to 0.75), up 6%.
-Of the 76mn international travellers: 52mn, up 1%, were on holiday; 10mn, up 6%, on business.
[] 2009 outlook:
-Travel is still a “priority” for those earning more than US$27,000.
-In Europe, 40% will change their travel plans this year. Varies from 64% that will change in the ‘worst’ country, to 19% in the ‘best’. In North America, a worrying two-thirds will change their plans in 2009. (In Asia Pacific, 60% will change, but IPK says its sample was too small to give equal credibility to this measure.)

2009 May 01

Accor plans to open 80 hotels in Asia Pacific through 2010, including:
-Indochina. 10 in Vietnam.
-Indonesia. Plans to add 13 through 2010.
-Thailand. To add three in Bangkok and in Samui, through 2011. Seven more for other destinations, including Phuket.
[] Outrigger, plans:
-Bali. Second planned.
-Hainan, China. A 550-unit resort.
-Koh Samui. Abandoned?
-Phuket. Second planned.
[] Sol Melia hopes to have 4/5 more hotels open or under construction in the next 2/3 years. SM will concentrate on its Gran Melia brand, and in big cities, with China a priority.

February 16, 2009
Korean Air reported operating revenues of over $8 billon during 2008.

February 15 2009
Wizz Air, Poland-based low-fare-airline, sold 5.9 million seats, up 41%, in 2008. It targets 8 million passengers for 2009.

2009 January

CRISIS MARKET MONITOR
(Excerpt from Travel Business Analyst issues.)
World/multi-region:
World travel stocks index: Sep 57; Oct 47. Industry IATA air traffic (RPKs): Sep -2.9%; Oct -1.3%; Nov 4.6%.

Other region:
US hotels Oct: occupancy -6.5%; rate -0.5%.
US Thanksgiving holiday; trips -1.4%.
New York ‘luxury’ hotels Oct: occupancy -5.7%; rate -6.5%.
Southwest Airlines seat sales: Sep -8.1%; Oct +0.4%; est Nov -8%.
United Airlines seat sales: Sep -7.9%; Oct -9.4%; est Nov -18%.

Asia Pacific:
AsPac airlines (AAPA) international seat sales: Sep -8.2%.
AsPac travel stocks index: Sep 73; Oct 57.
AsPac IATA air traffic (RPKs), Sep: -6.8%. Oct: -6.1%; Nov -9.7%.
Australia resident departures: Sep +2.7%.
Australia visitor arrivals: Sep -7.6%.
Bali visitor arrivals: Sep +18.7; Oct +23.8%.
Eva Air seat sales, Sep: -14.3%. Oct: -3.0%.
Cathay Pacific seat sales: Sep -0.7%; Oct +2.6%.
China Southern seat sales: Sep -0.9%; Oct +8.3%.
China foreign visitor arrivals: Sep -15.1%; Oct -11.5%.
Hawaii visitor arrivals: Sep -18.5%; Oct -12.3%.
Hong Kong airport passengers, Sep: -4.7%.
Hong Kong visitor arrivals: Sep +3.5%; Oct -1.4%.
India visitor arrivals, Sep: +1.5%.
Japan Airlines intl seat sales: Sep -17.1%; Oct -12.8%.
Japan citizen departures: Sep -9.7%; Oct -9.5%.
Japan visitor arrivals: Sep -6.9%; Oct -5.9%.
Jet Airways seat sales, Oct: -1.7%.
Macau visitor arrivals: Sep +2.1%; Oct +2.2%.
Korea resident departures: Sep -12.1%; Oct -5.8%.
Korea visitor arrivals: Sep +5.4%; Oct +0.7%.
Malaysia visitor arrivals: Sep -0.1%; Oct +9.0%.
Maldives visitor arrivals: Sep +4.6%; Oct -4.0%.
New Zealand visitor arrivals: Sep -6.6%; Oct -3.3%.
Qantas Group seat sales, Sep: -0.2%.
Singapore air passengers, Sep: -0.3%.
Singapore Airlines seat sales: Sep -1.6%; Oct +1.3%.
Singapore airport passengers, Sep: +4.5%.
Singapore visitor arrivals: Sep -4.1%; Oct -8.1%.
Taiwan resident departures: Sep -13.3%; Oct -4.9%.
Thai Airways seat sales, Oct: -12.2%.
Thailand visitor arrivals: Sep -20.7%; Oct -11.1%.
Tokyo Narita airport passengers, Sep: -10.1%.
Vietnam visitor arrivals: Sep -20.0%; Oct -10.8%.

Europe:
Europe travel stocks index: Sep 50; Oct 42.
Europe airlines (AEA) international seat sales, Sep: -1.6%.
Europe IATA air traffic (RPKs), Sep: -0.5%. Oct: +1.8%; Nov -3.4%.
Air France seat sales: Sep -1.5% (Eur/dom -2.5%); Oct +5.7% (Eur/dom +3.7%).
British Airways seat sales: Sep -5.6% (Eur/dom -5.9%); Oct -5.6% (Eur/dom -6.5%).
Italy hotels, Oct: occupancy -13%, rate -9%.
London airports international passengers: Sep Gatwick -6.5%; Heathrow -3.7%; Stansted -5.1%. Oct LGW -10.4%; LHR -3.7%; STN -6.9%.
London ‘luxury’ hotels Oct: occupancy -3.7%; rate -5.0%.
Lufthansa seat sales: Sep -0.4% (Eur/dom -0.4%); Oct -3.2% (Eur/dom -3.0%).

The Tourism Authority of Thailand expects visitor arrivals to stop falling by the second half of this year, then start growing from Q3, reaching 14mn; the 2008 total was 14.3mn.
Thailand’s central bank, however, forecasts that visitor arrivals this year will drop 8.8%.

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