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The hotel and tourism industry in Africa is beginning a period of sustained growth, according to the sector’s leading experts gathered at the Africa Hotel Investment Forum in Addis Ababa
Total revenue passenger kilometers (RPKs) rose 7.1% compared to the year-ago period. August capacity (available seat kilometers or ASKs) increased by 5.9%, and load factor rose 0.9 percentage points to a record 84.7%.
IATA released data for global air freight markets showing that in August freight markets stabilized after two months of decline. Measured in Freight Tonne Kilometers, air cargo volumes rose 0.2% compared to the same month a year ago.
Travel Buyer Satisfaction with Compensation Packages is On the Rise
Study sheds light on decision-making factors of family travel and how this intelligence can be used to develop new products and services in this growing and evolving industry sector
Underpinned by a boost in leisure travel demand during the holiday season, the region’s operators carried a combined total of 24.9 million international passengers in August, 7.2% more than the same month last year.
Baby-Boomer and Millennial Booking Habits Differ Greatly
​Adverse Operating Environment for Airlines Erodes Air Connectivity
National Car Rental and sister brand Enterprise emerged as clear favorites among corporate travel buyers in BTN’s inaugural Car Rental Brand and Ground Transportation Survey, an achievement qualified by the fact that buyers gave the car rental industry high marks in general.
While the news of overall growth is positive, the report also sounds a note of caution. As attrition and cancellation terms are becoming stricter, supplier negotiations will be more important than ever to meeting planners.
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