Reporting results of a survey showing that 19 percent of travelers have downloaded a travel-related application to their smart phone, most often for information on flight schedules and delays: “Clearly, mobile devices are destined to play an increasingly important role in the distribution and sale of travel services in years ahead.
Reporting results of a survey showing that 19 percent of travelers have downloaded a travel-related application to their smart phone, most often for information on flight schedules and delays: “Clearly, mobile devices are destined to play an increasingly important role in the distribution and sale of travel services in years ahead. Both shopping and more real-time engagement in the discovery of what a destination has to offer are likely to rival talking and texting.”
— Peter C. Yesawich
Chairman & CEO
Ypartnership
Challenging members of the International Civil Aviation Organization (ICAO) to endorse ambitious targets for reducing aviation emissions and establish a global policy to deliver them: “Aviation has a common vision. We have global targets — capping our net carbon emissions from 2020 and halving our net carbon emissions below 2005 levels by 2050. ... we are making significant progress towards achieving them. Now is the time for governments ... to agree on a global framework to address aviation CO2 emissions, underpinned by ambitious but realistic targets and a set of fair and balanced principles.”
— Paul Steele
Executive Director
Air Transport Action Group
Brazil’s hotels have coped better than others in the regions, showing moderate increases in average daily rate (ADR): “It will be interesting to see if this ... rises significantly in light of the forthcoming Football World Cup and Olympics. Sao Paulo seems to have a good level of supply at present, but development in Rio de Janeiro might be curbed by a push to use cruise ships for temporary accommodation during these large events.”
— Elizabeth Randall
Managing Director
STR Global
Predicting that airline profits will drop back to $5.3 billion in 2011 despite healthy increases in the past quarter: “There are lingering doubts about how long this cyclical upturn will last. Even if it is sustainable, the profit margins that we operate on are so razor thin that even increasing profits 3.5 times only generates a 1.6 percent margin. This is below the 2.5 percent margin of the previous cycle peak in 2007 and far below what it would take just to cover our cost of capital.”
— Giovanni Bisignani
Director General and CEO
International Air Transport Association