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- 1. PATA Forecasts Over 971 Million Int. Visitor Arrivals into Asia Pacific by 2024
PATA has forecast that the region it classifies as Asia Pacific, which includes the Americas, will welcome close to one billion international visitor arrivals over the next five years. However, destinations that you may consider to be in Asia Pacific and those 39 destinations that PATA includes in the forecast, may be very different. Here are the 39 destinations included in the for
- 2. Boeing World Air Cargo Forecast
Boeing World Air Cargo Forecast. World air cargo traffic will expand at a 5.9% annual rate over the next two decades, with worldwide air freight traffic expected to triple through 2029, according to the Boeing World Air Cargo Forecast 2010/2011. Boeing released the biennial forecast, which is widely cited by airlines and industry groups, at the International Air Cargo Forum and Exh
- 3. BCD Travel Releases 2008 Industry Forecast for Business Travel
BCD Travel Releases 2008 Industry Forecast for Business Travel. Published airfares will increase up to 4% next year, while hotel average daily room rates in some markets may achieve double-digit increases, according to the just-released BCD Travel 2008 Industry Forecast, powered by Advito.
- 4. Boeing Raises Forecast for New Airplane Demand in China
Boeing has forecast a demand for 7,240 new airplanes in China over the next 20 years, valued at nearly $1.1 trillion dollars. Boeing's annual China Current Market Outlook (CMO) was released today in Beijing, with total airplane demand rising 6.3% over last year's forecast.
- 5. IATA Revises Airline Financial Forecast to Global Loss of US$9 Billion
IATA Revises Airline Financial Forecast to Global Loss of US$9 Billion. IATA has revised its airline financial forecast for 2009 to a global loss of US$9 billion. This is nearly double the associationís March estimate of a US$4.7 billion loss, reflecting a rapidly deteriorating revenue environment.
- 6. Hotel Sales in Asia Pacific Forecast to Grow 15% in 2015
JLLís hospitality experts have forecast that global hotel transaction volumes will reach an eight-year high of between US$65 to US$68 billion in 2015, representing a 15% increase over 2014 volumes. JLLís forecast is based on the firmís 2015 Hotel Investment Outlook, a forward-looking, global analysis that tracks key factors affecting the hotel investment market. The key drivers of
- 7. IATA revises Industry Financial Forecast
IATA revises Industry Financial Forecast. IATA has revised its industry financial forecast that would see the global airline industry post losses of US$5.2 billion in 2008 based on an average crude oil price of US$113 per barrel (US$140 for jet fuel).
- 8. STR Updates US Hotel Industry Forecast
STR Updates US Hotel Industry Forecast. According to the latest forecast update from STR, the U.S. hotel industry is projected to end 2010 with increases in two of the three key performance measurements. STR is projecting 2010 OR will increase 4.4% to 57.1%, while ADR is expected to end the year virtually flat with a 0.1% decrease to US$97.74, and RevPAR to rise 4.3% to US$55.77.
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