Newsletter - 05th May 2023

Daily News Updates / 05th May 2023

Aviation
Aircraft Leasing: $100bn financing market to be tapped in next 20 years, says Primus Partners report The report states that around 80% of the total commercial fleet in India is leased in comparison to 53% globally Advisory firm Primus Partners has launched a report titled, “... READ MORE

Destination
Iceland named the most popular destination for solo female travellers With 2,740,000 average monthly searches, Iceland tops our list as being the most in-demand destination for women looking to book a solo travel trip in 2023. The travel and hosp... READ MORE

Hospitality
Accor: First-quarter 2023 revenue of 1,139m. euros up 54% like-for-like The first quarter of 2023 demonstrated once again the robustness of the business recovery, quarter after quarter. This further acceleration in RevPAR (up 19% compared with first-q... READ MORE

Technology
Generative AI and sustainability are driving investment in the tourism technology segment Generative artificial intelligence (AI) and environmental, social and governance (ESG) activities are attracting the highest levels of investment in travel technology at present, ... READ MORE

International
UAE’s Minister of Economy reviews national tourism sector’s growth & accomplishments in 2022 H.E. Abdulla bin Touq Al Marri, Minister of Economy, visited the 30th edition of the annual Arabian Travel Market (ATM) exhibition, which was held at the Dubai Worl... READ MORE

Trends
Coronation fortnight delivers a £205m tourism boost to London Analysis from Key Data, which tracks trends in the short term rental market, shows London can expect an extra 30,595 overseas visitors during the Coronation fortnight, totalling 7... READ MORE

Associations
IATA: Traffic is now at 88.0% of March 2019 levels globally International traffic climbed 68.9% versus March 2022 with all markets recording healthy growth, led once again by carriers in the Asia-Pacific region. GENEVA – The Inte... READ MORE

Hospitality
Hilton wins first-ever Sustainable Stand Award at 30th edition of Arabian Travel Market Hilton was presented with the inaugural Sustainable Stand Award at the 30th edition of Arabian Travel Market (ATM), which ran at Dubai World Trade Ce... READ MORE

Events
ATM hosted annual ITIC Middle East Tourism Investment Session The ITIC Middle East Tourism Investment Session has presented their annual ATM Investment Summit meeting at ATM 2023. Exploring the economic outlook for r... READ MORE

Aviation
Emirates finishes on a high at the 30th edition of ATM Emirates has successfully wrapped up its participation at the 30th edition of Arabian Travel Market (ATM), welcoming over 16,000 visitors to its stand, hosting over 300 meetings... READ MORE

Associations
IATA: global air traffic now at 88 percent of 2019 levels The International Air Transport Association (IATA) announced strong demand growth in air travel for March 2023. Total traffic in March 2023 (measured in revenue passenge... READ MORE

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