Airfare, jet fuel price, and inflation, Tourism recovery in Greater China and more...

Airfare, jet fuel price, and inflation
Tuesday, 3rd December 2024

This report presents trends in airfares, jet fuel prices, and consumer prices from January 2015 to August 2024.

Airfares have risen at a slower pace than consumer prices (measured by the Consumer Price Index, CPI) over the past decade. This indicates that air ticket prices have not fully kept up with inflation, especially in comparison to jet fuel costs, which have significantly outpaced consumer inflation.

Jet fuel currently accounts for about 30% of airlines’ operating costs, and it is the largest and most volatile expense category >>

Asia Pacific retail market dynamics Q3 2024
3 Dec 2024 : Prime locations maintaining appeal despite economic headwinds >>

Tourism recovery in Greater China - December 2024
3 Dec 2024 : This year, China started to ease visa requirements for EU passports and several Asian countries, and the policy successfully boosted the number of foreign visitors >>

The Windsor Hotel TOYA Resort joins Vignette Collection
3 Dec 2024 : IHG is proud to announce the signing of the iconic The Windsor Hotel TOYA Resort & Spa to its Vignette Collection brand – the second property in Japan for IHG’s newest luxury & lifestyle brand and first collection brand >>

HIGHLIGHT ARTICLE

Navigating the Future: How Generative Artificial Intelligence is Transforming the Travel Industry
Tuesday, 3rd December 2024

While Artificial Intelligence (AI) has been a mainstay of travel technology for a decade or more, there has been an explosion of interest in Generative Artificial Intelligence (Generative AI) since ChatGPT brought the topic to wider public consciousness in late 2022 >>

Ensuring Your Deal Closes: Three Areas to Focus On
Both buyers and sellers want a seamless hotel transaction closing, but a variety of potential pitfalls can slow a deal’s closing >>

In case you've missed it: Global eNews of December 02, 2024
Travel Trends 2025: Asia set to lead global tourism revival, optimizing your PMS settings for AI-driven revenue growth and more >>