• Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

For Immediate Release | Official News Wire for the Travel Industry

Where press releases are breaking news

  • Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

IATA Report: Aviation continues to deliver solid

April 4, 2019 by Forimmediaterelease

The International Air Transport Association (IATA) announced global passenger traffic results for February 2019 showing total revenue passenger kilometers (RPKs) rose 5.3%, compared to February 2018. This was the slowest rate of growth in more than a year but still in line with long-term demand trends. Monthly capacity (available seat kilometers or ASKs) increased by 5.4%, and load factor slipped 0.1 percentage point to 80.6%, which is still high by historic standards.

“After January’s strong performance, we settled down a bit in February, in line with concerns about the broader economic outlook. Continuing trade tensions between the US and China, and unresolved uncertainty over Brexit are also weighing on the outlook for travel,” said Alexandre de Juniac, IATA’s Director General and CEO.

February 2019
(% year-on-year)
World share1 RPK ASK PLF
(%-pt)2
PLF
(level)3
Total Market 100.0% 5.3% 5.4% -0.1% 80.6%
Africa 2.1% 2.8% 1.1% 1.1% 70.4%
Asia Pacific 34.5% 6.3% 5.8% 0.4% 82.6%
Europe 26.7% 7.3% 7.7% -0.3% 81.5%
Latin America 5.1% 5.0% 5.5% -0.4% 81.3%
Middle East 9.2% -0.9% 2.7% -2.6% 72.6%
North America 22.4% 4.2% 3.9% 0.3% 80.8%

 

nternational Passenger Markets

February international passenger demand rose 4.6% compared to February 2018, which was a slowdown from 5.9% growth in January. Capacity climbed 5.1%, and load factor dropped 0.4 percentage point to 79.5%. Airlines in all regions but the Middle East showed traffic growth versus the year-ago period.

  • European carriers showed the strongest performance for a fifth consecutive month in February. Passenger demand increased by 7.6%, compared to a year ago, unchanged from January. Europe’s continuing strong performance provides a paradox given Brexit concerns and signs of a softer economic outlook. Capacity rose 8.0% and load factor slid 0.3 percentage point to 82.3%, which still was the highest among regions.
  • Asia-Pacific airlines’ February traffic rose 4.2% compared to the year-ago period, a substantial slowdown from the 7.2% increase recorded in January. The timing of the Lunar New Year holiday in the first week of February this year may have shifted some traffic to January. Capacity increased 4.7% and load factor dipped 0.3 percentage point to 81.0%.
  • Middle East carriers recorded a 0.8% traffic decline in February compared to a year ago, the only region to report a drop year-over-year. Capacity rose 2.9% and load factor fell 2.7 percentage points to 72.6%. Broadly speaking, passenger volumes of the region’s airlines have been moving sideways for the past 12 – 15 months.
  • North American airlines’ traffic climbed 4.2% in February, a decline from 5.4% growth in January. Capacity rose 2.9% and load factor was up 1.0 percentage point to 79.0%. Signs of softening economic activity at the end of 2018, in conjunction with the effects of ongoing tensions between the US and several of its trading partners, may be mitigated by the region’s low unemployment and generally sound economic backdrop.
  • Latin American airlines saw traffic rise 4.3% compared to February 2018, a slippage from 5.4% annual growth in January. Capacity increased by 5.6%, and load factor dropped 1.0 percentage point to 81.4%. Renewed economic and political uncertainties in a number of key countries may weigh upon air transport demand in coming months.
  • African airlines experienced a 2.5% rise in traffic for the month compared to the year-ago period, down from 5.1% growth in January. Concerns over conditions in the largest economies are contributing to the slowdown. Capacity rose 0.3%, and load factor climbed 1.5 percentage points to 69.7%.

Domestic Passenger Markets

Domestic travel demand rose 6.4% in February compared to February 2018, down from 7.4% annual growth in January. All markets except Australia reported increases in traffic, with India recording its 54th consecutive month of double-digit percentage growth. Domestic capacity climbed 5.8%, and load factor edged up 0.5 percentage point to 82.4%.

February 2019
(% year-on-year)
World share1 RPK ASK PLF
(%-pt)2
PLF
(level)3
Domestic 36.1% 6.4% 5.8% 0.5% 82.4%
Australia 0.9% -1.7% -1.6% -0.1% 78.0%
Brazil 1.1% 5.8% 3.1% 2.1% 82.5%
China P.R 9.5% 11.4% 8.9% 1.9% 86.9%
India 1.6% 10.0% 12.3% -1.9% 89.1%
Japan 1.0% 2.5% 2.9% -0.2% 70.9%
Russian Fed. 1.4% 10.1% 11.8% -1.1% 76.9%
US 14.1% 4.5% 4.8% -0.2% 81.7%

 

  • China topped the growth chart for a second month in a row, with RPKs up a strong 11.4% year-on-year, although this was down from 14.5% growth in January compared to a year ago.
  • Brazil’s domestic traffic increased 5.8% in February, compared to a year ago, the fastest pace in more than six months and more than double the 2.6% year-over-year rise for January. Brazil was the only domestic market tracked by IATA to show an increase in the year-on-year growth rate compared to January 2019.

The Bottom Line

“While overall economic confidence appears to be softening, aviation continues to deliver solid results, helping to sustain global commerce and the movement of people. The Brexit deadline has come and gone with no separation agreement, but with vital air connectivity between the UK and the Continent maintained for the present. Temporary measures, however, are no substitute for a comprehensive Brexit package that will ensure that the Business of Freedom is able to play its vital role in contributing to the well-being of the region—and the world,” said de Juniac.

Read the full February Passenger Traffic Analysis  (pdf)

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, announced, annual, Asia, Asia Pacific, association, Australia, aviation, Aviation News, aviation-website, backdrop, Bit, bottom line, Brazil, Breaking Travel News, Brexit, Business, capacity, carriers, CEO, China, come, coming, commerce, compared, concerns, conditions, confidence, connectivity, continent, continues, contributing, Corporate News, countries, deadline, decline, deliver, demand, demand rose, director, director general, domestic, domestic capacity, domestic market, domestic travel, double, down, drop, East, economic, economic outlook, economies, effects, end, Europe, European, European carriers, experienced, factor, first, freedom, full, general, Global, global passenger traffic, Growth, Growth Rate, Helping, high, highest, historic, holiday, IATA, in, In February, increase, increased, increases, India, International, International Air Transport Association, January, japan, Juniac, kilometers, largest, largest economies, Latin, Latin America, Latin American, line, load, load factor, low, lunar new year, Lunar New Year Holiday, Market, markets, May, measures, Middle, Middle East, month, months, movement, moving, nbsp, New, new year, News articles, North, North America, North American, North American airlines, number, ongoing, only, outlook, over, P.R, Pacific, package, partners, passenger, passenger demand, passenger markets, passenger traffic, past, People, percentage, performance, period, play, points, political, present, provides, pt, rate, recorded, region, regions, report, reported, results, Revenue, rise, role, rose, row, Russian, s, said, seat, second, separation, settled, show, Sideways, signs, slowdown, sound, standards, strong, strong performance, sustain, temporary, tensions, term, The International Air Transport Association, The Region, The World, timing, to, TO BE, total, tourism, Trade, trading, traffic, traffic growth, traffic results, traffic rose, transport, Transportation News, Travel, Travel & Tourism Organizations News, travel demand, Travel Destination News, Travel Technology News, Travelwire News, Trends, UK, UK Travel News, uncertainty, unchanged, unemployment, up, US, Vital, volumes, We, week, World, year

Travel Trends Index: International and domestic travel growth projected to dwindle

April 2, 2019 by Forimmediaterelease

Travel to and within the U.S. grew 3.2% year-over-year in February, according to the U.S. Travel Association’s latest Travel Trends Index (TTI).

However, the predictive Leading Travel Index (LTI) continues to project a slowdown in both international and domestic travel growth, as both segments could continue to feel the effects of rising trade tensions, volatile financial markets and weakening business and consumer confidence. These factors have the potential to stunt travel growth and dull American competitiveness at a time when the U.S. is seeking to reverse its declining share of the global international travel market.

Though international inbound travel grew for the ninth consecutive month, the segment grew only 1.4% in February. Domestic travel increased 2.8% year-over-year in February, with growth in both the business and leisure travel segments. Domestic business travel outpaced the leisure segment for the first time since October 2018, registering slightly above its six-month moving average with a 3.0% growth. Leisure growth fell slightly below its six-month moving average with a more tepid 2.6% growth rate.

Looking ahead, domestic and international inbound travel are both projected to grow, but at a moderate pace.

Said U.S. Travel Senior Vice President for Research David Huether: “Growth is expected to decelerate in the case of domestic travel while international inbound travel is projected to remain soft. This is consistent with an expectation of stable-yet-moderating economic growth both in the U.S. and globally.”

U.S. Travel economists caution that this decelerated growth rate will make it even more difficult for the U.S. to regain its diminishing share of the global international travel market. Acting on certain legislative initiatives—such as Brand USA’s long-term reauthorization and the rebranding and expansion of the Visa Waiver Program—can help the U.S. increase competitiveness in the global travel market.

The TTI is prepared for U.S. Travel by the research firm Oxford Economics. The TTI is based on public and private sector source data which are subject to revision by the source agency. The TTI draws from: advance search and bookings data from ADARA and nSight; airline bookings data from the Airlines Reporting Corporation (ARC); IATA, OAG and other tabulations of international inbound travel to the U.S.; and hotel room demand data from STR.

Click here to read the full report.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, ARC, association, average, based, bookings, brand, Brand USA, Breaking Travel News, Business, business and consumer confidence, business and leisure travel, Business Travel, case, caution, Click, competitiveness, confidence, consumer confidence, continue, continues, Corporation, Data, declining, demand, domestic, domestic travel, economic, economic growth, economics, economists, effects, even, expansion, expected, factors, Feature, financial, financial markets, firm, first, full, Global, global travel, globally, grow, Growth, Growth Rate, help, hotel, hotel room, IATA, in, In February, inbound, increase, increased, index, initiatives, International, international and domestic travel, international travel, IT, LATEST, leading, Leading Travel Index, Leisure, leisure travel, looking, LTI, Make, Market, markets, month, moving, News articles, OAG, October, only, over, Oxford, Oxford Economics, potential, president, private, private sector, program, project, projected, public, rate, rebranding, report, reporting, research, revision, rising, room, s, said, search, sector, seeking, segments, senior, Senior Vice President, Share, slowdown, Source, STR, tensions, term, time, to, Trade, Travel, Travel & Tourism Organizations News, travel association, Travel Destination News, travel growth, travel market, travel trends, Travel Trends Index, Travelwire News, Trends, TTI, U.S, U.S. travel, U.S. Travel Association, USA, vice president, visa, visa waiver, Visa Waiver Program, Waiver, year

WTTC: South Africa Africa’s largest Travel & Tourism economy in 2018

March 18, 2019 by Forimmediaterelease

Travel & Tourism in South Africa contributed 1.5 million jobs and ZAR425.8 billion to the economy in 2018, making it the largest tourism economy in Africa, according to the World Travel & Tourism Council’s (WTTC) annual review of the economic impact and social importance of the sector released today.

For over 25 years, WTTC, which represents the global private sector of Travel & Tourism, has compared the Travel & Tourism sector across 185 countries. The 2018 research shows that the South Africa Travel & Tourism sector:

• Contributed ZAR425.8 billion to the country’s economy – the largest of any country in Africa. This represents 8.6% of all economic activity in South Africa

• Generated 1.5 million jobs, or 9.2% of total employment

• Was primarily driven by leisure travelers: 64% of the travel economy was generated by leisure visitors and 36% from business travelers

• Is roughly balanced between international and domestic travel: 44% of the tourism spend came from international travelers and 56% from domestic travel

Commenting on the numbers, Gloria Guevara, WTTC President & CEO said: “Travel & Tourism contributes more to the South Africa economy than in any other African country. In total our sector contributes ZAR425.8 billion and 1.5 million jobs which makes it a formidable part of the economy.

“South Africa has long grasped the potential of Travel & Tourism to drive economic growth, create jobs and promote social development and I would like to acknowledge the leadership of Minister of Tourism, H.E. Derek Hanekom. That is why we welcome President Ramaphosa’s ambition to double the number of people directly employed in T&T in South Africa.

“Looking to the future, I believe that Travel & Tourism is South Africa’s greatest resource and the country’s strategy for expansion which priorities regional integration, environment sustainability and putting the community at the heart of decisions will make for a successful combination.”

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, annual, billion, Breaking Travel News, Business, business travelers, CEO, community, compared, contributes, council, countries, country, create, decisions, development, directly, domestic, domestic travel, double, drive, economic, economic growth, economic impact, Economy, employment, environment, expansion, free, future, Global, Gloria Guevara, greatest, Growth, Hospitality News, impact, importance, in, integration, International, international and domestic travel, International Travel News, international travelers, IT, Jobs, largest, largest Travel, leadership, Leisure, leisure travelers, like, looking, Make, MICE Industry News, million, minister, Minister of Tourism, News articles, number, numbers, over, People, potential, president, private, private sector, promote, putting, regional, released, represents, research, resource, review, s, said, sector, shows, social, South, South Africa, South Africa travel, South Africa travel news, strategy, successful, Sustainability, The World, to, today, total, tourism, tourism council, tourism economy, tourism sector, Travel, Travel & Tourism Organizations News, Travel Destination News, travelers, Travelwire News, visitors, We, welcome, Why, World, World News, world travel, World Travel & Tourism Council, WTTC, years

Botswana tourism now accounts for one in seven dollars in the economy

March 18, 2019 by Forimmediaterelease

Botswana’s Travel & Tourism economy grew 3.4% to exceed $2.5 billion in 2018, and now contributes nearly one in every seven dollars in the country’s economy, according to the World Travel & Tourism Council’s (WTTC) annual review of the economic impact and social importance of the sector released today.

The WTTC research which compares the Travel & Tourism sector across 185 countries, shows that in 2018 the Botswana Travel & Tourism sector:

• Grew at 3.4%, just nudging above the Sub-Saharan African average of 3.3%

• Contributed US$2.52 billion to the country’s economy. This represents 13.4% of all economic impact in Botswana – or nearly one in every seven dollars in the economy

• Supported 84,000 jobs, or 8.9% of total employment

• Was primarily driven by leisure travellers: 96% of the Travel & Tourism spending in the economy was generated by leisure visitors and just 4% from business travelers

• Is strongly weighted towards international travel: 73% of spending came from international travelers and 27% from domestic travel

Commenting on the numbers, Gloria Guevara, WTTC President & CEO said: “Botswana is a jewel in the crown of Sub-Saharan Africa’s Travel & Tourism sector. It is home to some of the most iconic tourism sites in Africa, such as the Okavango Delta, Chobe National Park and the Central Kalahari Game Reserve.

“I am delighted to see that Botswana recorded another year of growth ahead of the regional average, reflecting the excellent work of WTTC Member, Myra T. Sekgororoane, CEO of Botswana Tourism Organisation, WTTC’s first African Destination Partner.

“The county has long grasped the potential of Travel & Tourism to drive economic growth, create jobs and promote social development.”

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, annual, average, billion, Botswana, botswana tourism, Botswana Travel, Botswana travel news, Breaking Travel News, Business, business travelers, Central, CEO, contributes, council, countries, country, County, create, crown, Delta, Destination, development, dollars, domestic, domestic travel, drive, economic, economic growth, economic impact, Economy, employment, Excellent, first, free, game, game reserve, Gloria Guevara, Growth, home, Hospitality News, iconic, impact, importance, in, International, international travel, International Travel News, international travelers, IT, Jobs, just, Leisure, member, most, national, national park, nearly, News articles, numbers, Okavango, Okavango Delta, park, partner, potential, president, promote, recorded, regional, released, represents, research, reserve, review, s, said, sector, see, seven, shows, sites, social, spending, Sub, sub-Saharan, Sub-Saharan Africa, The World, to, today, total, tourism, tourism council, tourism economy, tourism sector, Travel, Travel & Tourism Organizations News, Travel Destination News, travelers, travellers, Travelwire News, US, visitors, work, World, World News, world travel, World Travel & Tourism Council, WTTC, year

Search



Recent Articles

  • Seychelles Tourism Board appoints BRANDit as India Representative
  • United Announces 2020 Financial Results: 2021 Will Focus On Transition To Recovery; Expects To Exceed 2019 Adjusted EBITDA Margin By 2023*
  • American Airlines Extends Travel Waiver Through March 31
  • TAT updates East Asian markets on Thailand’s New Normal tourism
  • WHO promotes healthy food in public facilities during COVID-19
  • TAT keeps Thailand top-of-mind in long-haul markets
  • Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 20 January 2021, 11.30 Hrs.
  • Adam Stewart named Executive Chairman of Sandals Resorts International
  • Bartlett congratulates Adam Stewart on being named Executive Chairman of SRI
  • Doreen Burse Named Worldwide Sales SVP

Copyright © 2021 · Metro Pro on Genesis Framework · WordPress · Log in