November 1, 2024

News to Know

Soaring Skies, Bumpy Landing: Global Airlines Navigate Geopolitical and Climate Challenges
(SOURCE: BIZZ BUZZ)

The aviation business is unquestionably thriving. According to Cognitive Market Research, the global airline industry market size will be $548415.2 million in 2024. Furthermore, increased demand for passenger and freight aircraft is predicted to drive sales to $721676.98 million by 2031 at a CAGR of 4.00% from 2024 to 2031. In addition, according to the Ministry of Civil Aviation, India has emerged as the world's third-largest domestic aviation market, trailing only the United States and China. But while the skies are seemingly opening up for airlines, beneath the surface lurks a complex web of challenges, ranging from geopolitical tensions to the pressing issue of climate change.

AVIATION

Turkish Technic Signs Significant Agreements with SunExpress Airlines (TIMES AERO SPACE)

Budget Airlines Launch New Flights to Africa, Thailand (THE STREET)

Disability-Friendly Luxe: 4 Airlines Redefining Business Class Travel (JOURNEE MONDIALE)

New Automatic Airline Refund Rules Are Now in Effect — Here’s What’s Covered (CNBC)

HOSPITALITY

Hyatt Sees Continued Growth in Development, Business Travel Revenue in Third Quarter (TRAVEL PULSE)

FLYR Upgrades FLYR Hospitality Insights (TRAVEL DAILY MEDIA)

SUSTAINABILITY

Playing Their Part: 4 Airlines Using Reusable Cups Onboard (SIMPLE FLYING)

OTHER SECTORS

The Tech Helping Combat Costly Fraud (BTN EUROPE)

Industry Spotlight

GBTA +VDR Conference 2024 in Partnership with the Nordic Business Travel Associations | Copenhagen
Get Ready for Big Night Out

On Tuesday, November 5 from 7.00 PM we’re rolling out the red carpet at the breathtaking Wallmans Dinnerparty inside Copenhagen's iconic Circus Building.

Get ready for an unforgettable evening featuring:

Seated meal with amazing circus entertainment
Last year’s live entertainment returns: The incredible King Kamehameha Club Band
Great music and captivating dance performances
A grand finale that lights up the dance floor and kicks off an epic party in the nightclub!

Don’t miss out on this extraordinary evening—mark your calendar now! The Big Night Out is included as part of Conference registration, transport will be provided for all delegates to and from the venue, coaches depart Entrance 4 at 7PM sharp.

Learn More

Resources

Crisis24 Intelligence Brief

Asia - TS Kong-rey tracking over northward Taiwan Strait early Nov. 1. Weather-related disruptions ongoing across Taiwan.

Italy - Unionized air traffic controllers to strike at Rome and other airports across Italy, 13:00-17:00 Nov. 12. Flight disruptions likely.

United Kingdom - Unionized metro workers to conduct a series of strikes in London, UK, from Nov. 3-12. Varying degrees of disruptions are likely.

United States - Heightened security, transport and business disruptions likely through early November, due to the Presidential Election in the US on Nov. 5.

More Information

Upcoming Events

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

The 2024 Business Travel Index Outlook: What Is in Store for 2024 and Beyond
November 13

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

View More Events

🚨Upcoming FREE virtual webinar!🚨

The 2024 Business Travel Index Outlook: What Is In Store for 2024 and Beyond

For nearly two decades, the GBTA Business Travel Index (BTI) has been the preeminent tool for projecting both the current landscape and future trajectory of the industry...

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