STR sees storm clouds forming for US hotel performance as it readjusts its 2019 and 2020 RevPAR projections

Continued lack of hotelier pricing confidence has resulted in hospitality benchmarking specialist STR lowering its full year 2019 and 2020 forecast for the key revenue…..

A ‘raft of uncertainties’ could put a damper on travel pricing in 2020, predicts latest CWT and GBTA global travel forecast

After posting sharp rises in 2019, prices in the global travel industry are likely to slow in 2020, with flights rising a modest +1.2%, hotels…..

Slowing demand and rising costs are putting a squeeze on airline profits

The International Air Transport Association (IATA) has announced a downgrade of its 2019 outlook for the global air transport industry to a USD28 billion profit,…..

UNWTO’s latest Tourism Barometer shows confidence in global tourism performance is starting to pick up again after slowing in late 2018

The latest issue of the World Tourism Organization’s (UNWTO) World Tourism Barometer has highlighted that international tourism levels are continuing to grow into 2019, albeit…..

Travel managers forecast strongest year-on-year growth in a decade; the number of business trips, and the cost of those trips, is set to rise

The number of business trips, and the cost of those trips, is set to rise in 2019, according to new research from AirPlus International. Its…..

BCD Travel says, “Move over, pig: 2019 is the year of the business traveller”

2019 is the year of the pig in the Chinese zodiac—but it’s also the year of the business traveller, says global travel management company BCD…..

Lower oil prices and solid, albeit slower, economic growth will extend and actually grow global airline profits in 2019

The International Air Transport Association (IATA) forecasts the global airline industry net profit to be USD35.5 billion in 2019, slightly ahead of the USD32.3 billion…..

Seeking European arrivals? Outbound market may see growth slowing in 2018, but the 2019 outlook is ‘positive’

While most eyes are on Asia, Europe remains a major outbound market and continues its steady growth despite recent geopolitical instability worldwide, which studies show…..

Russia/CIS fleet expected to nearly double over the next 20 years, with 1,200 deliveries

Often overlooked as a “region” in its own right, the CIS states have been quietly enjoying very solid growth over recent years. This has prompted…..

The changing face of Australian business travel – miles are up, but prices are down

The cost of international travel from Australia is decreasing while the number of miles travelled is increasing, latest data from AirPlus International has revealed. The findings…..