Increased air travel to Asia Pacific a sign of higher demand growth

 

Despite a recent slowdown in trade, Asia Pacific airport traffic showed robust growth in May. Both Shanghai Pudong International Airport and Bangkok's Suvarnabhumi International Airport experienced year-on-year passenger growth of more than 22 percent in May. Bangkok's Don Mueang International Airport led the field however, with passenger growth of 49.6 percent year-on-year. 

There are also signs that corporate travel demand is strong, particularly in India, China, Singapore and Australia, the four global “hot spots”, according to the Global Business Travel Association (GBTA), which launched its 2016 Global travel Price Outlook last week.

“The top-line pricing outlook for air, hotel and ground in 2016 is surprisingly stable,” said Joseph Bates, vice-president of research at the GBTA Foundation. “When you dig deeper, the data reveal global hot spots where demand is driving air travel price increases. For 2016, India, China, Colombia, Mexico, Singapore and Australia are projected to top the list.”

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.