October 11, 2024

News to Know

WTTC: China and Asia-Pacific Lead Global Business Travel Recovery Surge
(SOURCE: TRAVEL DAILY NEWS)

A new report from the World Travel & Tourism Council (WTTC) has highlighted a significant rebound in business travel, with the Asia-Pacific region, particularly China, playing a crucial role in driving the recovery. Business travel spending is set to surpass pre-pandemic levels faster than anticipated, reaching a record US$1.5 trillion globally.

During the pandemic, remote working and virtual meetings heavily impacted corporate travel, with many businesses turning to digital platforms instead of face-to-face interactions. While leisure travel almost returned to its 2019 peak, business travel lagged, remaining 5.4% below pre-pandemic levels last year. However, as the value of in-person meetings becomes more apparent, business travel is now on the rise again, with spending expected to exceed 2019 levels by 6.2%.

AVIATION

American Airlines Says Resuming Operations Today in Parts of Florida (XM)

Cirium Reveals Europe’s Most Punctual Airlines in September (TRAVEL MOLE)

Malaysia Airlines Expands Its Route Network Again (AIRLINE GEEKS)

Airlines Are Pushing Ancillaries to Boost Revenue, But New Offerings Slow to Come (PHOCUSWIRE)

SUSTAINABILITY

New Technology Converts Wastewater to Sustainable Aviation Fuel with Potential 70% Reduction in Emissions (TECH XPLORE)

OTHER SECTORS

APAC Tops Global Business Travel Spending (SME HORIZON)

AI Use Has Surged Among European Travellers (TRAVOLUTION)

EU Delays Entry-Exit System Rollout, Considers ‘Phased’ Approach (BTN EUROPE)

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GBTA +VDR Conference 2024 in Partnership with the Nordic Business Travel Associations | Copenhagen
Last Chance to Save: Registration Rates Increase 17 October

Register now for GBTA +VDR Conference 2024 in Partnership with the Nordic Business Travel Associations | Copenhagen and be part of the most important European gathering of the global business travel industry.

Attend Conference and you’ll return to your organisation armed with new knowledge, expertise and impactful best practices. From serving the ongoing needs of business travel professionals to looking ahead to what’s needed most now by travel buyers, suppliers, business travellers and others.

Register by October 17 11:59 PM BST and save.

Resources

Crisis24 Intelligence Brief

France - Unionized transport workers striking at ports and airports across Corsica, France, Oct. 4. Travel, business disruptions reported.

Iran - Lingering flight disruptions likely after Iran reopens its airspace Oct. 3. Confirm flights.

Middle East/North Africa - Dubai carriers Emirates and Flydubai suspend all flights to and from Iran, Iraq, and Jordan until at least Oct. 5 amid security concerns.

Taiwan - Tropical Storm Krathon tracking eastward over southern Taiwan late Oct. 3. Severe weather likely to continue through at least Oct. 4.

More Information

Upcoming Events

ETIAS and EES Unveiled: Busting Myths and Preparing for Europe's New Entry Systems
October 16

GBTA Canada Business Travel Forums 2024 (Montreal)
October 22

GBTA Canada Business Travel Forums 2024 (Toronto)
October 24

GBTA WINiT Summit 2024
October 24

GBTA +VDR Conference 2024 in Partnership with the Nordic Business Travel Associations | Copenhagen
November 4 - 6

GBTA Project Crew and Team Travel Summit 2024 | Houston
November 18 - 19

View More Events

🤔 #GBTAQOTD What role does mentorship play in shaping the next generation of travel leaders, and how can we build stronger communities around it?

GBTA | Ladders empowers emerging industry leaders to further their professional development and is dedicated to developing the next generation of travel professionals. Learn More

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