The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.
The COVID-19 pandemic continues to have a devastating impact on world tourism and travel. Global air capacity is now less than half of what it was in 2019, and is trending towards less than 50 million seats a week by year end, according to the OAG Blog. See full story on page 1.
OAG says that air traffic is trending upwards in the United States, however, covering both domestic and certain international routes. Page 1.
Another study shows that Americans still want to travel. Although they cannot visit most overseas destinations, U.S. tourists are traveling to outdoor and island destinations, according to the 2021 Travel Trends Report released by Expedia and ARC. Page 3.
The Coronavirus effect is obviously not limited to the airlines. Carnival Cruise Line has announced it has cancelled all embarkations from U.S. homeports at least until the end of February. Page 2.
TFWA China Reborn
TFWA releases more info about China Reborn online event being held Dec 1-3. Page 1.
Continuing its expansion throughout U.S. airports, Grab has expanded into MIA with MIA2GO online food and beverage ordering platform. Page 2.
Dufry extends contract at St. Petersburg Airport. Page 2.
SUPPLY SIDE: SPIRITS
Spirits sales are down 68% in global travel retail, according to IWSR. Page 4.
Champagne Lanson named Editor’s Choice by Wine Advocate. Page 4.