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Challenges abound for the commercial aerospace sector

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INTERNATIONAL

Airlines are benefiting from a post-pandemic recovery in passenger demand, but they are struggling to meet this due to difficulties experienced by the leading aircraft…

Business models for tourism and airlines will change

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INTERNATIONAL

The initial answers will come from the leisure segment, which is set to recover faster than business travel. For major airlines, reliance on business customers and travel hubs are…

Tourism-reliant economies’ business models will evolve

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INTERNATIONAL

Highly tourist-dependent states in the Global South have suffered dramatic falls in GDP as a result. However, the impact has varied and it is notable that relatively high levels…

Tourism is recovering but faces many headwinds in 2023

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INTERNATIONAL

However, despite this relief in 2022, significant challenges lie ahead: energy issues, inflationary pressures, an US appreciating dollar, staff shortages and geopolitical risks…

Dubai’s real estate sector will strengthen further

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UNITED ARAB EMIRATES

In contrast to many developed and emerging markets, real estate prices, particularly at the luxury end of the market, have risen strongly in 2023. Nevertheless, residential…

Air travel will rebound by 2023 amid structural shifts

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INTERNATIONAL

While consumers are regaining confidence, demand for international air travel is stagnant as most countries have border control measures in place. The relaunch of commercial…

Decarbonisation to test the boom in business aviation

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INTERNATIONAL

Though the level of increase is disputed, it is unarguable that emissions per passenger on private jets are a multiple of those for passengers on commercial airlines. Partly for…

Prospects for the global economy to end-2021

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PROSPECTS H2 2021

However, supply is struggling to keep pace with demand, and dislocation effects plus shortages of some critical goods and workers are raising prices. GDP growth forecasts for 2021…

Air traffic will take years to return to 2019 levels

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INTERNATIONAL

However, it remains uncertain how evolving measures to curb the spread of COVID-19 will affect their operations, how long it will take for consumer confidence to recover, and…

Travel coordination failure may spur Europe depression

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EU

Travel and tourism supports 22 million jobs in the EU and accounts for almost 10% of GDP. Its importance is greater still for the economies of Southern Europe, already vulnerable…