PREPARING FOR TAKEOFF: AIR TRAVEL OUTLOOK FOR 2016 Mining 2015 data to understand when to buy, expected ticket prices, and fare differentials

Size: px
Start display at page:

Download "PREPARING FOR TAKEOFF: AIR TRAVEL OUTLOOK FOR 2016 Mining 2015 data to understand when to buy, expected ticket prices, and fare differentials"

Transcription

1 PREPARING FOR TAKEOFF: AIR TRAVEL OUTLOOK FOR 2016 Mining 2015 data to understand when to buy, expected ticket prices, and fare differentials

2 It s a good time to explore the world by plane. Across the globe, air carriers are adding destinations, flight schedules are expanding, and travelers both business and leisure are hitting the skies with increasing frequency. According to the International Air Transport Association (IATA), global air travel rose approximately 7 percent in September 2015 compared to a year ago, and is now higher than it has been at any point in the last five years. In short, at the end of 2015, air travel is flying high, which bodes well for travelers. At Expedia, we are seeing these trends first-hand. Between October 2014 and October 2015, we logged almost 8 billion searches across our family of websites another all-time high. We now have in our database more than 300,000 unique routes, known in the industry as Origin & Destination pairs, or O&Ds. That also is a new record. We process more than 1,400 terabytes of data each year a staggering amount equivalent to more than 6.7 billion 200-page books. Additionally, our partners at Airlines Reporting Corporation (ARC) have information on more than 10 billion passenger flights, providing a detailed view of air travel. These kinds of numbers can be daunting, and making sense of the data behind them admittedly is a Herculean undertaking. Yet we relish the job. Using data science and travel savvy, every year we work to take the figures and put them at the fingertips of travelers to help make them confident to click, book, and go. Our ultimate goal is to help travelers feel informed and empowered to get past travel decision-making and move into what we like to call travel moment-making. 1.

3 Therefore, this report looks back at air travel data in 2015 and makes a few bold predictions heading into The document presents several key takeaways: 1. Between October 2014 and October 2015, global air ticket prices declined on average about 8 percent versus the prior year. 2. In our data, the price of travel within Europe declined the most in that timeframe, making these routes some of the best potential bargains for On the whole, the best time to purchase economy tickets in America for travel within America is about two months in advance. 4. It is hard to predict the best day of week to find the lowest ticket prices because airlines constantly are adjusting prices. If you find a fare that seems like a good deal, buy it. The report itself represents the third installment in an ongoing effort to summarize industry numbers every six months. This summer, we published a report summarizing trends from the first six months of this year. At the end of 2014, we published another report that spotlighted travel industry performance for 2014 and predicted new directions for In those two previous studies, we conducted reviews of industry data and trends observed in the America, Europe, and Asia-Pacific regions. This year we primarily focused on America and Europe, due mostly to the great bargains we found through our analysis. We are fortunate to rely on deep partnerships to conduct these reviews. This particular report represents Expedia s analysis of data from ARC, utilizing other industry data sources as needed, such as IATA, Diio Mi, and the Airline Tariff Publishing Company (ATPCO). We are excited to work with these partners on an ongoing basis, and value their input as we put together this semi-annual report. 2.

4 All about the price If we have learned anything about our customers over the years, we know most travelers base air travel plans primarily on the price of tickets, and will stop at nothing to find the best deal. Expedia research indicates travelers search an average of 48 times on eight different sites before booking a flight. For some people, the search can end up taking hours. In our prior reports, we determined most air ticket prices to some of the top travel destinations worldwide would decline slightly in the second half of 2015 for customers in the Europe and America regions. We also predicted slightly increasing air ticket prices across Asia-Pacific. Overall, these forecasts were correct a reality about which Nostradamus would be proud. On a global scale, with prices adjusted for exchange rates, economy-class air ticket prices (ATPs) declined approximately 8 percent between October 2014 and October 2015, with the biggest drops in July and August of this year. Global Economy Class 1 Month YOY ATP Change January -3% February -5% March -8% April -9% May -8% June -9% July -13% August -10% September -7% October -8% Intra-Europe Economy Class 2 Month YOY ATP Change January -14% February -16% March -23% April -18% May -18% June -18% July -18% August -18% September -15% October -16% Particular ticket types in certain regions experienced more acute price drops through the first 10 months of 2015 versus the first 10 months of In Europe, for instance, economy air ticket prices on intra-europe flights declined the most throughout 2015, bottoming out at 23 percent (versus the prior year) in March. On average, these prices were about 17 percent lower in 2015 than they were in These numbers indicate 2015 was a great year for travelers who wanted to visit Europe and hop around to see different countries during their stay. Due to the continued strength of the U.S. dollar against the euro, we believe these trends should continue at least through the first few months of The data includes ARC processed US transactions, and US and BSP processed international transactions. The international transactions are converted to US dollars based on the exchange rate on the date of the transaction. This implies the impact of the exchange rate fluctuation is included in the year-on-year variances. Other regions saw much more modest price drops. Economy travel in America, for instance, averaged 5 percent price declines on intra- America flights through the first 10 months of 2015, with the biggest drop in July (8 percent). Intra- America Economy Class 3 Month YOY ATP Change January -3% February -4% March -4% April -4% May -3% June -4% July -8% August -5% September -5% October -6% 1 Source: Airlines Reporting Corporation 2 Source: Airlines Reporting Corporation 3 Source: Airlines Reporting Corporation 3.

5 4.

6 For travelers interested in going from America to Asia-Pacific, economy air ticket prices fell on average 13 percent from the prices we recorded the previous year. The biggest savings potential occurred in August 2015 with a 21 percent decline meaning there were some great deals to Japan, China, and surrounding nations. For specific prices to particular destinations, we dug through the last 12 months of data to find some of the lowest expected air ticket prices across a selection of our favorite destinations. Looking into 2016, here is our perspective on the top destinations to which travelers can find the best deals. Once again, intra-european destinations top the list. Origin Destination Approximate Economy ATP 4 Sweden Berlin $216 Brussels Rome $229 Austria Barcelona $231 Ireland London $234 As always, another way travelers can save money when booking travel is to book air at the same time as hotel and rental car. This process, which we refer to as bundling items into a package, delivers discounts across the board; Expedia data for 2015 shows customers saved an average of US$226 based on actual bookings, but easily can expect to find deals that could save them up to US$568 across all destinations. That number is even higher in resort destinations such as Mexico, Hawaii, and the Caribbean, where Expedia data indicates savings can be in the range of US$800-$1, The average economy ticket price for travel between regions was calculated for round-trip itineraries for all tickets issued for the 12-month period between November 2014 and October

7 The benefits of buying early Of course a number of factors contribute to air ticket price (see sidebar). One of the biggest of the bunch: how far in advance of the departure date travelers buy. We analyzed industry data to figure out the biggest potential savings for ticket prices based on advance purchase. Most of the results confirmed the findings from our last report. The 2015 data indicates that travelers can save up to 36 percent if they purchase round-trip flights in economy class intra-europe and they buy at least 21 days in advance. According to our findings, travelers also can save big on some American itineraries purchased at least 21 days in advance. Here is a rundown on some of the savings in that region as analyzed by Airlines Reporting Corporation: America to America, premium: 27 percent savings America to America, economy: 31 percent America to Europe, premium: 20 percent America to Europe, economy: 21 percent America to Middle East, premium: 25 percent America to Middle East, economy: 20 percent Within the context of these findings, our data suggested that the best time to buy an economy ticket is even farther in advance usually starting about two months ahead of the desired departure date. 6.

8 Economy Within America Price $600 $550 $500 $450 $400 $350 Average air ticket price equals $263 Lowest air ticket price equals $237 (57 days in advance) $300 $250 $200 $ Days Prior to Purchase $100 Sticking with the American market, a review of air ticket prices over the first 10 months of 2015 indicates that the best time to buy an economy ticket for travel within the region this year was 57 days in advance. ARC analysis showed that the average fare in America between 0 and 180 days of advance purchase for 2015 was US$263, and the price at 57 days out was US$238, a savings of about 10 percent. Last year s report also indicated that 57 days was the best time to buy an economy ticket within America. ARC found optimal lead times for tickets from America to international destinations are even longer: America to Europe: 176 days in advance, for a savings of 11 percent America to Caribbean: 77 days in advance, for a savings of 5 percent America to Asia-Pacific: 160 days in advance, for a savings of 13 percent America to the Middle East and Africa: 144 days in advance, for a savings of 24 percent America to South America: 90 days in advance, for a savings of 10 percent Airlines Reporting Corporation analysis of data from other regions yielded similar results. In Europe, the best time to buy an economy ticket for another destination within Europe was 140 days in advance. The average fare in this market between 0 and 180 days of advance purchase for 2015 was US$176, and the price at 140 days out was US$156, a savings of about 11 percent. 7.

9 Economy Within Europe Price $400 $350 $300 $250 $200 Average air ticket price equals $175 Lowest air ticket price equals $156 (140 days in advance) $ Days Prior to Purchase $100 Wherever you are traveling, wherever you are headed, the general rule is that the earlier you buy an air ticket, the more money you can save. Remember: buying air tickets alongside hotel and car rental reservations can save even more money again, in some cases nearly 20 percent. 8.

10 Best day to buy Of course the number of days in advance of a trip is only one aspect of when travelers should buy a ticket. Another factor: day of the week. For years, travelers have wondered what day of the week yields the best deals. In our previous reports, we have suggested that Tuesday and Wednesday generally are the best days by a small margin. This time around, our data indicated that, on average, weekends provide a great opportunity to find great deals, but Tuesdays are still close behind. Based upon 2015 ARC data, we put together a heat index detailing the average ticket price by travel day of the week for both economy and premium travel globally as well as from America to various regions. Here are the numbers: 9.

11 Day of Week Global America Europe Economy Caribbean Asia Pacific Middle East South America Saturday $570 $457 $1,208 $560 $1,251 $1,2777 $891 Sunday $543 $451 $1,215 $562 $1,285 $1,270 $919 Monday $588 $495 $1,303 $576 $1,324 $1,345 $976 Tuesday $584 $490 $1,326 $575 $1,332 $1,379 $985 Wednesday $594 $493 $1,333 $575 $1,343 $1,385 $987 Thursday $589 $495 $1,325 $576 $1,341 $1,325 $989 Friday $612 $507 $1,346 $583 $1,353 $1,363 $1,008 Day of Week Global America Europe Premium Caribbean Asia Pacific Middle East South America Saturday $1,950 $1,016 $4,928 $916 $4,817 $5,239 $2,653 Sunday $1,805 $983 $4,819 $905 $4,967 $5,394 $2,584 Monday $2,843 $1,181 $5,817 $1,024 $5,964 $6,066 $4,087 Tuesday $2,916 $1,201 $6,096 $1,025 $6,005 $6,241 $4,093 Wednesday $2,962 $1,200 $6,053 $1,032 $6,071 $6,170 $4,125 Thursday $3,004 $1,215 $5,854 $1,041 $6,116 $6,109 $4,171 Friday $3,181 $1,257 $5,915 $1,072 $6,186 $6,132 $4,329 It is important to note some general caveats when evaluating which day of the week yields the best deals. For starters, most analyses often will show low air ticket prices on the weekend because these are the days on which most leisure travelers purchase tickets. Given that business travel is purchased during the week and has a higher air ticket price on average because of other factors (shorter advance purchase, higher concentration of premium-class seats, etc.), these results are not unexpected. Furthermore, because we use such a broad set of data that combines many advance purchase windows, there always is a tendency to gravitate toward the mean fare in a particular market, which will cause the variance across days to be minimized. Given this normalizing effect, and accounting for the fact that most airlines change fares many times a day, our advice is simple: if you find a fare that looks like a good deal, grab it, regardless of the day of the week. 10.

12 11.

13 Looking ahead We noted that the airline industry is flying high and, overall, 2015 was another great year to explore the world through travel. Most air ticket prices declined this year, and looking forward to 2016, we expect prices will continue to trend downward as airlines continue to add capacity. Finally, as Expedia gears up for 2016, we are excited to announce the debut of a tool that enables travelers to stay on top of ticket prices and notifies them if those prices are likely to change. This tool is powered by a proprietary statistical model that takes into account data from the 14 days before each price search and uses that data to predict what you would pay should you make the same search in a week. The tool expresses its findings with a confidence rating; that is, the tool gives travelers a percent-based likelihood that the price will increase or decrease based on the data it has used. If the tool suggests a high likelihood a price will decrease in a week, you might decide to hold off on booking to try for a lower fare. Conversely, if the tool suggests a low likelihood the price will change, you can rest assured you re getting the best price if you book now. Perhaps the best thing about this tool is that the data used to calculate the confidence rating comes primarily from other users. The more active users on the site looking for different routes, the more accurate the model is. Perhaps the only downside: if you search fares on a particular route that is lightly traveled, the tool may not have enough comparative data to give you a confidence rating at all. But Expedia is one of the largest travel agencies in the world, giving you all the information you need to make this big purchase. This price predictor tool is a great example of one of the many advancements in Expedia s ongoing effort to move from selling airplane tickets to providing a more thoughtful shopping experience. At a time when flight options are growing every day, we expect this attention to detail will be a big help to travelers all over the world. 12.

14 Mitigating factors for ticket price A number of factors impact air ticket prices and the fluctuations in price between premium and economy. Here is a look at some of the biggies: Competition. When competitors lower their prices, many airlines feel pressure to follow suit in order to stay competitive. This means competition is a huge factor in ticket price in just about every market. Oil prices. Common sense would dictate that when oil prices rise, so do airline ticket prices, since planes run on jet fuel made from petrol. The reality, however, is that while oil prices impact the carriers cost structure and profits, each airline sets its prices based on supply/demand, which operates independently. In the long run, of course, low oil prices provide downward pressure on fares as airlines are able to sustain margins while dropping fares. World events. In the modern era, tragic and catastrophic events such as terror attacks or natural disasters can impact ticket prices to particular regions temporarily and without warning. This is one of the reasons it is good to book ahead. 13.

15 14.

16

PREMIUM TRAFFIC MONITOR MAY 2015 KEY POINTS

PREMIUM TRAFFIC MONITOR MAY 2015 KEY POINTS PREMIUM TRAFFIC MONITOR MAY 2015 KEY POINTS Passenger travel on international markets rose 6.2% in May compared to a year ago, accelerating on the 3.8% increase in April. Economy class travel grew at a

More information

Guide to PanAm Agent and Online Booking Tool Services!

Guide to PanAm Agent and Online Booking Tool Services! Guide to PanAm Agent and Online Booking Tool Services Sections: 1. Getting Started with PanAm 2. Booking with An Agent 3. TripCase 4. Online Booking Tool - Logging In & Completing Your Profile 5. Book

More information

Working with MIDT, ARC and BSP Data

Working with MIDT, ARC and BSP Data The Hot Stuff on Airline Recruiting ACI-NA Air Service Data & Planning Seminar January 24-25, 25, 2008, in New Orleans Working with MIDT, ARC and BSP Data Eric Ford Senior Manager Oliver Wyman January

More information

Airline ancillary revenue projected to be $59.2 billion worldwide in 2015

Airline ancillary revenue projected to be $59.2 billion worldwide in 2015 Airline ancillary revenue projected to be $59.2 billion worldwide in 2015 The CarTrawler worldwide estimate of ancillary revenue forecasts 18.8% increase above 2014, with $36.7 billion of the total composed

More information

BENEFITS GUIDE. RBC Visa Infinite Avion. Reach new heights with the RBC Visa Infinite Avion card. AVION

BENEFITS GUIDE. RBC Visa Infinite Avion. Reach new heights with the RBC Visa Infinite Avion card. AVION BENEFITS GUIDE RBC Visa Infinite Avion Reach new heights with the RBC Visa Infinite Avion card. AVION Welcome to a whole new world of privilege. We ve taken the Avion card above and beyond Congratulations

More information

QUALITY OF SERVICE INDEX

QUALITY OF SERVICE INDEX QUALITY OF SERVICE INDEX Advanced Presented by: David Dague ICF SH&E Principal 2012 Air Service Data and Planning Seminar January 22-24, 2012 0 Workshop Agenda Introduction QSI/CSI Overview QSI Uses Historical

More information

CHAPTER 4. o Hotel Results 15 CHAPTER 5. o Car Results: Matrix & Options 19. o Ground and Limo Service 21. o Trip Purchasing & Booking 23

CHAPTER 4. o Hotel Results 15 CHAPTER 5. o Car Results: Matrix & Options 19. o Ground and Limo Service 21. o Trip Purchasing & Booking 23 User Manual - CTS Table of Contents CHAPTER 1 Log In 1 CHAPTER 4 Find a Hotel 15 Home Page 2 o Navigation Toolbar 2 o Search by Airport, Search by Address o Quick Trip Search 2 o Hotel Results 15 o Welcome

More information

How to search for cheap flights

How to search for cheap flights How to search for cheap flights Regardless of where you want to travel, the AFF Flight Finder is a great place to start searching! The flight search tool, which is powered by Skyscanner, allows you to

More information

ARKET INSIGHTS UPDATE

ARKET INSIGHTS UPDATE SPOTLIGHT ON 2015 NORTH AMERICAN TRAVEL OUTLOOK A monthly update including relevant information on tourism industry trends, consumer market research, Hawai i s performance as a destination, and competitive

More information

The Truth about Finding the Lowest Airfare

The Truth about Finding the Lowest Airfare The Truth about Finding the Lowest Airfare My employees tell me they can find lower airfares on the Internet 2011 Hurley Travel Experts, Inc. Reproduction Prohibited. This paper includes data that shall

More information

PURPOSE The mission of the Rotary International Travel Service (RITS) is to provide safe, cost-effective travel services to Rotary funded travelers.

PURPOSE The mission of the Rotary International Travel Service (RITS) is to provide safe, cost-effective travel services to Rotary funded travelers. ROTARY INTERNATIONAL VOLUNTEER TRAVEL AND EXPENSE REPORTING POLICY JULY 2013 PURPOSE The mission of the Rotary International Travel Service (RITS) is to provide safe, cost-effective travel services to

More information

AN INTRODUCTION TO TRADING CURRENCIES

AN INTRODUCTION TO TRADING CURRENCIES The ins and outs of trading currencies AN INTRODUCTION TO TRADING CURRENCIES A FOREX.com educational guide K$ $ kr HK$ $ FOREX.com is a trading name of GAIN Capital - FOREX.com Canada Limited is a member

More information

A future or forward contract is an agreement on price now for delivery of a specific product or service in the future.

A future or forward contract is an agreement on price now for delivery of a specific product or service in the future. LESSON WHAT IS TRADING? Nothing would last for as long as trading has unless there was an absolute need for it. Consumers need things and producers make things. Trading is the introduction of these two

More information

top tips to help you save on travel and expenses

top tips to help you save on travel and expenses 5 top tips to help you save on travel and expenses Save money Increase control Free up staff Our 5 top tips for saving time and money on T&E Travel and Expenses (T&E) are amongst some of the highest costs

More information

PREMIUM TRAFFIC MONITOR APRIL 2014 KEY POINTS

PREMIUM TRAFFIC MONITOR APRIL 2014 KEY POINTS PREMIUM TRAFFIC MONITOR APRIL 2014 KEY POINTS Growth in the number of passengers traveling in premium seats on international markets increased by a solid 3.8% in April compared to a year ago, which is

More information

THE GOTHIA CUP SWEDEN JULY 14 TH JULY 22 ND 2007

THE GOTHIA CUP SWEDEN JULY 14 TH JULY 22 ND 2007 THE GOTHIA CUP SWEDEN JULY 14 TH JULY 22 ND 2007 Tour Overview: Spend time in Sweden and participate in The Gothia Cup one of the largest youth soccer tournaments in the world. It is played in Gothenburg,

More information

CONNECTING PROGRAM FOR EUROPE QUESTIONS AND ANSWERS

CONNECTING PROGRAM FOR EUROPE QUESTIONS AND ANSWERS CONNECTING PROGRAM FOR EUROPE QUESTIONS AND ANSWERS INTRODUCTION 1. How does this winter s connecting program work? The main objective of Transat s connecting program is to offer more European destinations

More information

China Airlines Flight Schedule

China Airlines Flight Schedule China Airlines Flight Schedule Exclusively Prepared for World Spree Travelers The scheduled departures of World Spree Tour feature transpacific flights with China Airlines (code CI). China Airlines operates

More information

Maximising Consumer Surplus and Producer Surplus: How do airlines and mobile companies do it?

Maximising Consumer Surplus and Producer Surplus: How do airlines and mobile companies do it? Maximising onsumer Surplus and Producer Surplus: How do airlines and mobile companies do it? This is a topic that has many powerful applications in understanding economic policy applications: (a) the impact

More information

Each room will automatically be selected with the same room type (standard, junior suite, ocean view, etc.).

Each room will automatically be selected with the same room type (standard, junior suite, ocean view, etc.). VENETIAN VACATIONS FAQs Updated 11/2011 General Questions Q: Am I booking this package directly with Venetian Vacations? A: No. Your booking is handled through Global Booking Solutions, who specializes

More information

GLOBAL TOURISM - Geography Explained Fact Sheet

GLOBAL TOURISM - Geography Explained Fact Sheet Billion (US$) GLOBAL TOURISM - Geography Explained Fact Sheet Introduction With almost all the leading tourist destination countries having reported their international tourism receipts for 2006, the WTO

More information

Ten Upgrade Strategies

Ten Upgrade Strategies Ten Upgrade Strategies Ten strategies for using the best frequent flyer miles programs First Class Flyer INTRODUCTION: FIRST CLASS FLYER S UPGRADE PERSPECTIVE Progress works hard to downgrade the air travel

More information

Axiom Frequently Asked Questions

Axiom Frequently Asked Questions The Mount Sinai Medical Center Travel Management Program American Express Business Travel Axiom Frequently Asked Questions General and Travel FAQ s For help booking online and/or questions please contact:

More information

The Best and Worst Airline Rewards Programs for 2015

The Best and Worst Airline Rewards Programs for 2015 The Wall Street Journal May 14, 2015 The Best and Worst Airline Rewards Programs for 2015 By Scott McCartney This article is based upon a report issued by IdeaWorksCompany. A survey finds Southwest with

More information

Alternative Payment and Distribution Landscape: Airline Distribution Channels

Alternative Payment and Distribution Landscape: Airline Distribution Channels Alternative Payment and Distribution Landscape: Airline Distribution Channels Contents Introduction 04 At a glance 05 Setting the scene 06 Mobile payments 08 The challenges of mobile 10 The social media

More information

THE FIVE BEST ASX STOCKS FOR 2016

THE FIVE BEST ASX STOCKS FOR 2016 THE FIVE BEST ASX STOCKS FOR 2016 THE FIVE BEST ASX STOCKS FOR 2016 By Kris Sayce, Editor, Money Morning The hardest thing for any investor when it comes to buying stocks is to know where to start. There

More information

MALAYSIA AIRLINES & MAYBANK AMERICAN EXPRESS PLATINUM CHARGE CARD TRAVEL PROGRAM TERMS & CONDITIONS

MALAYSIA AIRLINES & MAYBANK AMERICAN EXPRESS PLATINUM CHARGE CARD TRAVEL PROGRAM TERMS & CONDITIONS MALAYSIA AIRLINES & MAYBANK AMERICAN EXPRESS PLATINUM CHARGE CARD TRAVEL PROGRAM TERMS & CONDITIONS General Terms & Conditions 1. Offers are valid for Maybank American Express Platinum Charge card holders

More information

AIRLINE PRICING STRATEGIES IN EUROPEAN AIRLINE MARKET

AIRLINE PRICING STRATEGIES IN EUROPEAN AIRLINE MARKET AIRLINE PRICING STRATEGIES IN EUROPEAN AIRLINE MARKET Ľubomír Fedorco, Jakub Hospodka 1 Summary: The paper is focused on evaluating pricing strategies based on monitoring of air ticket prices in different

More information

Seven Travel Cost Saving Strategies with Egencia

Seven Travel Cost Saving Strategies with Egencia Seven Travel Cost Saving Strategies with Egencia Introduction Seven Cost-Saving Strategies 1. 2. 3. 4. 5. Improve Policy Enforcement Maximize Online Adoption Consolidate Spend Maximize Negotiated Rate

More information

AIR FRANCE UNVEILS ITS BRAND NEW EUROPEAN SERVICE 2

AIR FRANCE UNVEILS ITS BRAND NEW EUROPEAN SERVICE 2 Contents AIR FRANCE UNVEILS ITS BRAND NEW EUROPEAN SERVICE 2 1. The Voyageur offering, for customers looking for a simple, inexpensive product, with all the essentials of the Air France service. 3 In contrast

More information

THAILAND B2C E-COMMERCE MARKET 2015

THAILAND B2C E-COMMERCE MARKET 2015 PUBLICATION DATE: AUGUST 2015 PAGE 2 GENERAL INFORMATION I PAGE 3 KEY FINDINGS I PAGE 4-5 TABLE OF CONTENTS I PAGE 6 REPORT-SPECIFIC SAMPLE CHARTS I PAGE 7 METHODOLOGY I PAGE 8 RELATED REPORTS I PAGE 9

More information

Gender differences in booking business travel

Gender differences in booking business travel Gender differences in booking business travel Advance booking behavior and associated financial impact 2016 Executive Summary As travel becomes more personalized, there is an increasing need to understand

More information

Charts, Tables, and Graphs

Charts, Tables, and Graphs Charts, Tables, and Graphs The Mathematics sections of the SAT also include some questions about charts, tables, and graphs. You should know how to (1) read and understand information that is given; (2)

More information

THE AMERICAN AIRLINEW INDUSTRY AND SOUTHWEST AIRLINES. low profit margins. Within the industry, however, there have been differences in terms of

THE AMERICAN AIRLINEW INDUSTRY AND SOUTHWEST AIRLINES. low profit margins. Within the industry, however, there have been differences in terms of THE AMERICAN AIRLINEW INDUSTRY AND SOUTHWEST AIRLINES Introduction The domestic airline industry in the USA has been characterized by intense rivalry and low profit margins. Within the industry, however,

More information

Mechanics of Foreign Exchange - money movement around the world and how different currencies will affect your profit

Mechanics of Foreign Exchange - money movement around the world and how different currencies will affect your profit Dear Business Leader, Welcome to the Business Insight Seminars an exclusive, informational series to help you gain a powerful edge in today s highly competitive business environment. Our first topic in

More information

Current Market. Predicting the future is a risky business. Meet your new

Current Market. Predicting the future is a risky business. Meet your new By Dawsalee Griffin Meet your new Current Market Outlook What s in store for the next 20 years of the global jetliner market? The just-released version of this annual Boeing report offers the company s

More information

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015 26 January 2016 easyjet Trading Statement Page 1 of 6 EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015 Continued robust commercial performance and strong management action on cost delivers

More information

REACH THE MOST QUALIFIED TRAVEL BUYERS IN THE WORLD

REACH THE MOST QUALIFIED TRAVEL BUYERS IN THE WORLD REACH THE MOST QUALIFIED TRAVEL BUYERS IN THE WORLD THIS DOCUMENT IS INTERACTIVE! To turn the page forward click on the triangle in the bottom right corner of each page. To go back, click the triangle

More information

The Ultimate Corporate Travel Company

The Ultimate Corporate Travel Company The Ultimate Corporate Travel Company Whilst you re looking after your business We ll look after your travel. www.theultimatetravelcompany.co.uk Who we are The Ultimate Travel Company is a travel company

More information

Six top tips for travel managers to create savings in 2015

Six top tips for travel managers to create savings in 2015 Six top tips for travel managers to create savings in 2015 E-Guide 2 Introduction Savings remain a key focal point for Travel Managers in 2015 and through regular reviews and analysis, using management

More information

Worldspan. Product Type(s) Contact Details. Company Information. 2006/2007 Travel Agency Technology Review. Global Distribution System

Worldspan. Product Type(s) Contact Details. Company Information. 2006/2007 Travel Agency Technology Review. Global Distribution System 2006/2007 Travel Agency Technology Review Worldspan Product Type(s) Contact Details Global Distribution System 300 Galleria Parkway Atlanta GA 30339 USA Tel: +1 770 563 7400 Fax: +1 770 563 7004 Web: www.worldspan.com

More information

Aegean Airlines 2007 Review & Business Outlook. Analysts Conference Call February 20, 2008

Aegean Airlines 2007 Review & Business Outlook. Analysts Conference Call February 20, 2008 Aegean Airlines 2007 Review & Business Outlook Analysts Conference Call February 20, 2008 Agenda 2007 Review Business Outlook Key highlights Domestic network International network Activity Our fleet Financials

More information

Press Release Marseille-Provence Airport annual press conference LC/DMC 14/1/14

Press Release Marseille-Provence Airport annual press conference LC/DMC 14/1/14 Press Release Marseille-Provence Airport annual press conference LC/DMC 14/1/14 After an increase of 1 million passengers in 2012 (4 th biggest increase among European airports according to ACI Europe's

More information

INTEGRATING CASE STUDY 9 The Art of Devising Airfares

INTEGRATING CASE STUDY 9 The Art of Devising Airfares INTEGRATING CASE STUDY 9 The Art of Devising Airfares Salvatore s Managerial Economics: Principles and Worldwide Applications, 8th International Edition Chapter 11-2: The Art of Devising Air Fares Introductory

More information

Cathay Pacific Flight Schedule

Cathay Pacific Flight Schedule Cathay Pacific Flight Schedule Exclusively Prepared for World Spree Travelers The scheduled departures of World Spree Travel feature transpacific flights with Cathay Pacific (code CX). Cathay Pacific operates

More information

A card built to put your money to work. Welcome to your Citi Dividend World Elite TM MasterCard.

A card built to put your money to work. Welcome to your Citi Dividend World Elite TM MasterCard. WELCOME Citi Dividend World Elite tm MasterCard Cash Back. Security. Convenience. SMART A card built to put your money to work. Welcome to your Citi Dividend World Elite TM MasterCard. Here s how it works:

More information

Qantas International Network Changes Frequently Asked Questions Trade

Qantas International Network Changes Frequently Asked Questions Trade Qantas International Network Changes Frequently Asked Questions Trade The Qantas Group today published a new schedule including flights that will operate via Dubai rather than Singapore en route to London.

More information

Global Tour & Transport

Global Tour & Transport PREPARING FOR TAKEOFF: AIR TRAVEL TRENDS 2015 A comprehensive review of air travel data, and a look at what it might mean for travelers, airlines, and more Global Tour & Transport Introduction Many travelers

More information

Norwegian Cruise Line MasterCard Program Rules

Norwegian Cruise Line MasterCard Program Rules Norwegian Cruise Line MasterCard Program Rules It s easy to earn Points simply use your credit card for everyday purchases, like buying groceries, filling the gas tank or paying your utility bill. Your

More information

Monopoly WHY MONOPOLIES ARISE

Monopoly WHY MONOPOLIES ARISE In this chapter, look for the answers to these questions: Why do monopolies arise? Why is MR < P for a monopolist? How do monopolies choose their P and Q? How do monopolies affect society s well-being?

More information

2012 Global Supply Benchmarking Research and Analysis

2012 Global Supply Benchmarking Research and Analysis Table of Contents 2 Air Fares Overview North America Europe Asia-Pacific 7 Global Hotel Landscape Review from 50 global markets 12 Car Rental Landscape 13 Travel Management Trends Review of research from

More information

Planning a trip abroad

Planning a trip abroad Planning a trip abroad Servicio Nacional de Aprendizaje - SENA. Reservados todos los derechos 2013. Start Up It s nice to see you again, apprentices online! I am John Robinson and I am your guide for this

More information

FRACTIONS. The student will be able to: Essential Fraction Vocabulary

FRACTIONS. The student will be able to: Essential Fraction Vocabulary FRACTIONS The student will be able to:. Perform basic operations with common fractions: addition, subtraction, multiplication, and division. Common fractions, such as /, /, and /, are used on the GED Test

More information

Ithaca College London Center. Guidelines for application and participation Important dates: Summer/Fall 2016 and Spring 2017 Cost estimates

Ithaca College London Center. Guidelines for application and participation Important dates: Summer/Fall 2016 and Spring 2017 Cost estimates Ithaca College London Center Guidelines for application and participation Important dates: Summer/Fall 2016 and Spring 2017 Cost estimates 1/18/2016 Ithaca College London Center: Guidelines for application,

More information

Services Travel and Expense Policy. Services. September 13, 13. Hortonworks, Inc. Travel and Expense Policy v1.0 Page 1 of 15

Services Travel and Expense Policy. Services. September 13, 13. Hortonworks, Inc. Travel and Expense Policy v1.0 Page 1 of 15 Services Travel and Expense Policy September 13, 13 Services Hortonworks, Inc. Travel and Expense Policy v1.0 Page 1 of 15 Table of Contents 1 Introduction... 4 2 Documentation... 5 3 Customer policies...

More information

The Consumer Holiday Trends Report

The Consumer Holiday Trends Report The Consumer Holiday Trends Report ABTA Consumer Survey 2014 Number of holidays taken The past 12 months have been mixed from a consumer confidence and sales perspective Overall, eight in ten (80%) consumers

More information

Please review the attached University of Mississippi travel policies concerning Travel Authorization and Travel Reimbursement.

Please review the attached University of Mississippi travel policies concerning Travel Authorization and Travel Reimbursement. Mississippi Judicial College The University of Mississippi Travel Guidelines for Attending The Mississippi Bar Association 2016 Annual Meeting July 13-16, 2016 Hilton Sandestin Beach Hotel, Sandestin,

More information

THE CRITICAL IMPORTANCE OF LEAD VALIDATION IN INTERNET MARKETING By Aaron Wittersheim

THE CRITICAL IMPORTANCE OF LEAD VALIDATION IN INTERNET MARKETING By Aaron Wittersheim THE CRITICAL IMPORTANCE OF LEAD VALIDATION IN INTERNET MARKETING By Aaron Wittersheim Lead validation is the process of separating sales leads from other types of phone and form conversions generated by

More information

Japan Market Profile. Tourism PEI/John Sylvester. February 2013

Japan Market Profile. Tourism PEI/John Sylvester. February 2013 Japan Market Profile Tourism PEI/John Sylvester February 2013 Contents Introduction... 2 Executive Summary... 3 Japan Market Conditions & 2013 Outlook... 4 Japan Travel to Canada... 5 Competitive Environment...

More information

Financial Mathematics

Financial Mathematics Financial Mathematics For the next few weeks we will study the mathematics of finance. Apart from basic arithmetic, financial mathematics is probably the most practical math you will learn. practical in

More information

Guide to online booking and having tickets issued

Guide to online booking and having tickets issued Guide to online booking and having tickets issued Search. As shown on Figure 1 the www.aeroflot.ru hyperlink points to the main page of the website from where you can navigate to the section of the site

More information

No Boundaries. Just GetThere. GetThere Travel and Collaboration Management. Travel. Meet. Network.

No Boundaries. Just GetThere. GetThere Travel and Collaboration Management. Travel. Meet. Network. No Boundaries. Just GetThere. GetThere Travel and Collaboration Management Travel. Meet. Network. For more than a decade, GetThere has been used by a majority of the Fortune 200 and the BTN Corporate Travel

More information

HOW TO SUCCEED WITH NEWSPAPER ADVERTISING

HOW TO SUCCEED WITH NEWSPAPER ADVERTISING HOW TO SUCCEED WITH NEWSPAPER ADVERTISING With newspaper advertising, Consistent Advertising = Familiarity = Trust = Customers. People won t buy from you until they trust you! That trust and confidence

More information

FAQs Updated 4/26/2016

FAQs Updated 4/26/2016 FAQs Updated 4/26/2016 GENERAL QUESTIONS What is a Package Trip? A package is a complete trip you can design yourself and purchase with one, easy transaction. You can choose your flights, hotel room, and

More information

CORPORATE EXPENSE MANAGEMENT SOLUTIONS. Discover the Benefits of The American Express Corporate Gold Card

CORPORATE EXPENSE MANAGEMENT SOLUTIONS. Discover the Benefits of The American Express Corporate Gold Card CORPORATE EXPENSE MANAGEMENT SOLUTIONS Discover the Benefits of The American Express Corporate Gold Card Contents A warm welcome 1 Here s how the American Express 2 Corporate Gold Card works This is where

More information

Section 3 Terms of Reference for the selection of Travel Agent(s) for IRENA in Abu Dhabi

Section 3 Terms of Reference for the selection of Travel Agent(s) for IRENA in Abu Dhabi Section 3 Terms of Reference for the selection of Travel Agent(s) for IRENA in Abu Dhabi I. Background: IRENA in Abu Dhabi plans to negotiate contract(s) for one year period (2012-2013) extendable up to

More information

THE INCREASING IMPORTANCE OF BRANDED RESIDENCES

THE INCREASING IMPORTANCE OF BRANDED RESIDENCES MAY 2014 THE INCREASING IMPORTANCE OF BRANDED RESIDENCES Lucy Payne Consultant & Valuation Analyst Arlett Oehmichen, MRICS Director www.hvs.com HVS London 7 10 Chandos Street, London W1G 9DQ Following

More information

PRODUCT INFORMATION. Monitor Your Business Better.

PRODUCT INFORMATION. Monitor Your Business Better. PRODUCT INFORMATION Monitor Your Business Better. Introduction Policy Compliance Manager (PCM) is a pre-trip approval application that automates the costly, labor-intensive and error-prone manual process

More information

Finnair Q3 Result 2012. 26 October 2012

Finnair Q3 Result 2012. 26 October 2012 Finnair Q3 Result 2012 26 October 2012 1 Content Market environment in Q3 Business performance and strategy execution Outlook Financials 2 Finnair Q3 Result, 26 October 2012 Market Environment The global

More information

USEITI Multi-Stakeholder Group. Invitational Travel and Reimbursement Procedures

USEITI Multi-Stakeholder Group. Invitational Travel and Reimbursement Procedures USEITI Multi-Stakeholder Group Invitational Travel and Reimbursement Procedures When you are traveling to attend a meeting of the USEITI MSG, you are on Invitational Travel Orders and must follow the policies

More information

CWT ViewPoint: CWT ViewPoint The Impact of Oil Prices and Fuel Surcharges on Corporate Travel. Perspective on industry-shaping developments

CWT ViewPoint: CWT ViewPoint The Impact of Oil Prices and Fuel Surcharges on Corporate Travel. Perspective on industry-shaping developments CWT ViewPoint: Perspective on industry-shaping developments September 2015 Americas CWT ViewPoint The Impact of Oil Prices and Fuel Surcharges on Corporate Travel Similar to the correlation between fuel

More information

Quick Reference Card Booking Travel in Concur Travel and Expense

Quick Reference Card Booking Travel in Concur Travel and Expense This QRC provides the steps for travelers and/or their delegates to book travel and complete the Request Header in Concur Travel and Expense. Log In To Concur Go to the Employee Portal page. www.purdue.edu/employeeportal

More information

Fixture List 2018 FIFA World Cup Preliminary Competition

Fixture List 2018 FIFA World Cup Preliminary Competition Fixture List 2018 FIFA World Cup Preliminary Competition MATCHDAY 1 4-6 September 2016 4 September Sunday 18:00 Group C 4 September Sunday 20:45 Group C 4 September Sunday 20:45 Group C 4 September Sunday

More information

Low Fare Search. Quick Reference BENEFITS O V E R V I E W

Low Fare Search. Quick Reference BENEFITS O V E R V I E W Low Fare Search Quick Reference O V E R V I E W Low Fare Search is an application that will return up to 19 itinerary options based on the input criteria. This application facilitates the Low Fare Search

More information

Finnair Q1 result info

Finnair Q1 result info Finnair Q1 result info 7 May 2014 CEO Pekka Vauramo CFO Erno Hildén 1 Updated mission and strategic targets 2 Our Mission Offer the smoothest connections in the northern hemisphere via Helsinki, and the

More information

FLUGHAFEN WIEN AG. Results Q1-3/2015

FLUGHAFEN WIEN AG. Results Q1-3/2015 FLUGHAFEN WIEN AG Results Q1-3/2015 Q1-3/2015: Improved traffic results - Disproportionally high increase in earnings Recovery of passenger volume: traffic results positive once again, showing 1.5% rise

More information

2015 Review and Outlook 13 January 2016 DG/ALB

2015 Review and Outlook 13 January 2016 DG/ALB PRESS RELEASE 2015 Review and Outlook 13 January 2016 DG/ALB At its annual press conference, Marseille Provence Airport unveiled its 2015 review and the main new developments taking place in 2016. 1% increase

More information

Food & Coffee Offers New Ideas to Drive Non Fuel Income

Food & Coffee Offers New Ideas to Drive Non Fuel Income RPS Energy is part of RPS Group, a FTSE 250 company with a turnover of $700m. RPS Energy is one of the world s leading suppliers of independent commercial advisory services, project management support,

More information

THE KEELE INTERNATIONAL CUP ENGLAND London, Keele & Chester July 20 th July 29 th 2012

THE KEELE INTERNATIONAL CUP ENGLAND London, Keele & Chester July 20 th July 29 th 2012 ENGLAND TOUR OVERVIEW Challenger World Tours will assist your team to participate in some of the Keele International Super Cup. From the Olympic-style Opening Ceremony to the intensity of competing in

More information

New inspirations for the 2014-2015 Winter season at Nice-Côte d Azur airport

New inspirations for the 2014-2015 Winter season at Nice-Côte d Azur airport Contact: Géraldine Giraud Tel.: + 33 (0)4 93 21 30 67 Mobile: +33 (0)6 77 44 50 29 geraldine.giraud@cote-azur.aeroport.fr Issued: Wednesday 21 October 2014 New inspirations for the 2014-2015 Winter season

More information

Value Airlines Fill Top 7 Slots with Best Reward Seat Availability, and Among Global Airlines Singapore is Best

Value Airlines Fill Top 7 Slots with Best Reward Seat Availability, and Among Global Airlines Singapore is Best Contact: Jay Sorensen For inquiries: 414-961-1939 Jay @ IdeaworksCompany.com Value Airlines Fill Top 7 Slots with Best Reward Seat Availability, and Among Global Airlines Singapore is Best IdeaWorksCompany

More information

Buckle Your Seat Belts - Airline Executives Predict More Fees and Plan to Sell More Services via Their Web Sites

Buckle Your Seat Belts - Airline Executives Predict More Fees and Plan to Sell More Services via Their Web Sites Issued: August 17, 2007 Contact: Jay Sorensen, 414-961-1939 IdeaWorksCompany.com Buckle Your Seat Belts - Airline Executives Predict More Fees and Plan to Sell More Services via Their Web Sites 63% of

More information

AIRLINE INDUSTRY NEWS

AIRLINE INDUSTRY NEWS AIRLINE INDUSTRY NEWS AIRLINE INDUSTRY NEWS The airline industry structure has changed significantly over the past 5 years, with more than 10 low cost carriers entering the Greek market. Moreover, carriers

More information

YOUR DAILY CONNECTION TO GREECE! www.aegeanair.com

YOUR DAILY CONNECTION TO GREECE! www.aegeanair.com YOUR DAILY CONNECTION TO GREECE! www.aegeanair.com About us Fly with us Our flight times are ideal to allow you to make the most of your holiday. Travel on our early afternoon flight and onwards to one

More information

Statement by Kasper Rorsted Chairman of the Management Board Conference-Call November 11, 2015, 10.30 a.m.

Statement by Kasper Rorsted Chairman of the Management Board Conference-Call November 11, 2015, 10.30 a.m. Statement by Kasper Rorsted Chairman of the Management Board Conference-Call November 11, 2015, 10.30 a.m. Welcome to our conference call today. As you will have seen, this morning we sent out our news

More information

NORWEGIAN AIR SHUTTLE ASA 1

NORWEGIAN AIR SHUTTLE ASA 1 NORWEGIAN AIR SHUTTLE ASA 1 The Company Norwegian Air Shuttle ASA (NAS), often referred to only as Norwegian, is a Norwegian low-cost airline founded in 1993 by Bjørn Kjos. The company is a continuation

More information

Travelex Cash Passport Cards

Travelex Cash Passport Cards Travelex Cash Passport Cards Travelex Cash Passport Cards are prepaid travel money cards that are available in 7 currencies. Originally created as a replacement for travellers cheques they are a safe and

More information

Norwegian UK set to takeoff as airline is granted UK Air Operating License

Norwegian UK set to takeoff as airline is granted UK Air Operating License Norwegian UK set to takeoff as airline is granted UK Air Operating License New Norwegian UK subsidiary will open the door for further UK expansion and potential new routes to Asia, South America and South

More information

36106 Managerial Decision Modeling Revenue Management

36106 Managerial Decision Modeling Revenue Management 36106 Managerial Decision Modeling Revenue Management Kipp Martin University of Chicago Booth School of Business October 5, 2015 Reading and Excel Files 2 Reading (Powell and Baker): Section 9.5 Appendix

More information

International View: In Search Of Acceptance

International View: In Search Of Acceptance International View: In Search Of Acceptance By Sandy Gennrich, Vice President & Business Leader, US Commercial Products Corporate card acceptance is the lynchpin of payment success for multinational and

More information

18 / British Airways 2008/09 Annual Report and Accounts. Our business

18 / British Airways 2008/09 Annual Report and Accounts. Our business 18 / British Airways 2008/09 Annual Report and Accounts Our business The global airline industry is fiercely competitive, heavily regulated and highly exposed to changes in customer behaviour and consumer

More information

Amadeus Media Solutions. Media Solutions. Set your objectives. & aim at your target

Amadeus Media Solutions. Media Solutions. Set your objectives. & aim at your target Amadeus Media Solutions Media Solutions Set your objectives & aim at your target 2 Media Solutions About Amadeus IT Group Amadeus IT Group is the leading technology partner to the world s travel industry.

More information

GetThere User Training. Student Guide

GetThere User Training. Student Guide GetThere User Training Student Guide Document Edition 4.9 (January 2016) 2009-2016 GetThere L.P. All rights reserved. This documentation is the confidential and proprietary intellectual property of the

More information

Travel and Expense Reimbursement FAQ s

Travel and Expense Reimbursement FAQ s University Services: Strategic Procurement Travel and Expense Reimbursement FAQ s NEW INFORMATION THIS WEEK IS HIGHLIGHTED IN YELLOW Concur Profile: 1. How do I update my profile within Concur? A: Instructions

More information

Today s Smart Solution For Corporate Travel

Today s Smart Solution For Corporate Travel Today s Smart Solution For Corporate Travel Save time and money with a whole new kind of travel agency. If travel is one of your biggest expenses, it deserves a strategic approach. Few industries are as

More information

BENEFITS GUIDE. RBC Royal Bank Visa Platinum Avion. Welcome to a world of travel rewards AVION

BENEFITS GUIDE. RBC Royal Bank Visa Platinum Avion. Welcome to a world of travel rewards AVION BENEFITS GUIDE RBC Royal Bank Visa Platinum Avion Welcome to a world of travel rewards AVION Enjoy a world of rewards. Reward yourself Your new RBC Royal Bank Visa Platinum Avion card offers an unparalleled

More information

Member Marketplace for Small Business A GUIDE TO GETTING STARTED

Member Marketplace for Small Business A GUIDE TO GETTING STARTED Member Marketplace for Small Business A GUIDE TO GETTING STARTED A Member Marketplace Success Story I was excited to see the Chamber roll out Member Marketplace, and I immediately took advantage of the

More information

Report for September 2015

Report for September 2015 Report for tember 2015 Issued tember 30, 2015 National Association of Credit Management Combined Sectors So much for that hoped for pattern of one bad month followed by a good one. This month s CMI is

More information