New Research Reveals Room for Improvement in Meetings & Events Risk Management
32 out of 33 reporting destinations saw growth in 2018 to date, with particularly strong increases from the US and Chinese travel markets
ARC Reports International Passenger Trips Continue to Rise
U.S. airlines carried an estimated 75.2 million systemwide (domestic and international) scheduled service passengers, seasonally-adjusted, in January 2019, up 0.1 percent from the December estimate, according to a Bureau of Transportation Statistics (BTS) first estimate.
CTO projects 6-7 per cent growth in 2019 following better-than-predicted performance last year
Airlines Reporting Corporation (ARC) and Expedia Group have collaborated for the fifth consecutive year to review global travel pricing trends. This 2019 Travel Pricing Outlook report includes airfare and, for the first time, lodging savings tips.
In November 2018, marketing carriers posted an on-time arrival rate of 79.3 percent, down from the 82.3 percent on-time rate in October 2018. On-time numbers for marketing carriers were not reported in previous years.
The International Air Transport Association (IATA) announced global passenger traffic results for 2018 showing that demand (revenue passenger kilometers or RPKs) rose by a healthy 6.5% compared to full-year 2017. Although this represented a slowdown compared to the 2017 annual growth of 8.0%, it was another year of above-trend growth.
Travel to and within the U.S. grew 3.6 percent year-over-year in December, according to the U.S. Travel Associations latest Travel Trends Index (TTI) – marking the industry's 108th straight month of overall expansion.
IATA released full-year 2018 data for global air freight markets showing that demand, measured in freight tonne kilometers grew by 3.5% compared to 2017.