Record Load Factor Highlights Strong August Global Airline Passenger Demand

Global passenger traffic data for August 2018 show an increase in demand compared to 2017

Chinese Travelers Increase Travel Spend by 40 Percent

In addition to having more to spend, travelers have increased the amount they spend on travel by 40 per cent this year, compared with last year. The increasingly influential millennials are spending unprecedented amounts on travel, with those born after 1990 increasing their travel spend by 80 per cent this year.

Global Hotel Rates to Increase 1-3% and Air Fares by 1-2% in Most Markets

BCD Travel 2019 Industry Forecast

International Tourism Maintains Strong Momentum

According to the World Tourism Organization (UNWTO)’s latest barometer, international tourist arrivals grew 6% in the first six months of 2018 after a record year of growth in 2017.

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Global Airline Passenger Traffic Growth Continues but Cargo Momentum Slows Amid Global Uncertainty and Increased Protectionism
October, 2 2018
Airports Council International (ACI) World reported a 7.2% increase in global passenger traffic in June on a year-over-year basis. While the year-to-date growth of 6.6% represented a slight slowdown from a particularly strong first quarter in 2018, the figure was still in line with 2017’s robust growth rate, which had also stood at close to 7% at the same time. continue reading →

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