Average Ticket Price (ATP) to Sydney on many key international routes has decreased year-on-year, with airfares on the Sydney-Singapore and Sydney-Hong Kong routes falling more than 5%, according to new findings released today by Carlson Wagonlit Travel, in conjunction with CAPA – Centre for Aviation.
Meanwhile, the ATP between Sydney and almost all major Australian cities has increased, with tickets to Melbourne and Perth rising more than 5% year-on-year.
Sydney is currently hosting the latest CAPA Aviation & Corporate Travel Summit. The event gathered some 135+ airline delegates, 50+ airlines, 75+ corporate travel buyers and 95+ high level speakers.
Passenger numbers for Sydney increased by 5.6% in 2016, with a further increase of 3% projected for 2017. Seat growth has evolved at a slower pace, with only a 3% increase in 2016. However, 2017 is showing a more aggressive capacity increase to absorb the growing demand with the introduction of several new services including Vietnam Airlines’ recently commenced three times weekly Hanoi-Sydney service. Further, Cebu Pacific plans to increase its Manila-Sydney frequency from four to at least seven times weekly.
The introduction of new upgrades, in particular Singapore Airlines’ change to A380 equipment featuring new first and business class seats on Singapore-Sydney service from October, and American Airlines’ replacement of Boeing 777-300ER aircraft with 787-9 equipment, proves continued investment into Sydney.
To download a copy of the report, please visit the following link.
Keep an eye out for future editions of the Business Travel Pulse within the Blue Swan Daily.
About the Business Travel Pulse
CAPA – Centre for Aviation and CWT Solutions Group presents the newest Business Travel Pulse, with a special focus on the Australian city of Perth. The report brings together key aviation and hotel data from both organisations to deliver informed opinion and in-depth analysis. With the aim of assisting corporate clients understand new trends and make educated decisions related to travel, the Business Travel Pulse is your new ticket to a simplified world of corporate travel.
Carlson Wagonlit Travel is a key partner of this year’s CAPA-ACTE Australasia events visit centreforaviation.com/events.
Carlson Wagonlit Travel Chief Data Scientist Dr Eric Tyree is speaking today at the 2017 CAPA Australia Pacific Aviation & Corporate Travel Summit, 1-2 August 2017 on Technology Innovations to Enhance Business Travel. Find out more at centreforaviation.com/events