Travel Weekly Group Ltd

✈ The International Air Transport Association (IATA) inaugurated a new office and training centre in Abu Dhabi to address the increasing need for skilled aviation professionals. The facility, officially opened by Saif Mohammed Al Suwaidi of the UAE General Civil Aviation Authority, will offer over 60 courses in areas like safety and cargo management starting in 2025. IATA's Abu Dhabi team has expanded by 140% in 18 months, emphasizing the UAE's role as a global aviation hub.

🛫 IATA warns "severe" supply chain issues affecting airlines will persist into 2025, impacting costs and growth. From a peak of 1,813 aircraft deliveries in 2018, 2024 saw only 1,254, a 30% shortfall. Deliveries are expected to increase to 1,802 in 2025, short of the 2,293 predicted. The backlog has reached 17,000 new aircraft, taking an estimated 14 years to fulfill at current rates, doubling the 2013-2019 average. The global fleet's average age has hit 14.8 years, with sustainable aviation fuel (SAF) making up only 0.3% of jet fuel production and 11% of renewable fuel in 2024. Airlines' net margin stands at 3.6%.

🏨 Amadeus and Saudia, Saudi Arabia's national carrier, have extended their distribution agreement, including the global deployment of New Distribution Capability (NDC) content starting Q1 2025. Saudia aims to enhance its airline products and services, offering dynamic offers and hyper-personalization for passengers, aligned with Saudi Vision 2030 goals. Integration with the Amadeus Travel Platform is expected to be seamless due to Saudia's existing use of Amadeus Altéa NDC, promising improved transparency and servicing for travel sellers worldwide.

📈 The Advantage Travel Partnership collaborates with Vibe for a new online booking tool platform aimed at TMCs under the AMS model. This empowers agents with advanced tools, leveraging group buying power to compete with larger organizations. Stephen Baxendale emphasizes their commitment to leading technology, enhancing their One-Stop Business Hub for growing market needs. Vibe's Danny Girling highlights the leveling of the playing field, offering TMCs the ability to serve clients innovatively and profitably.

🛫 SITA partners with Saudi Arabia's Red Sea International Airport (RSI) as a Specialised Airport Systems provider for the new Main Terminal Building. RSI, developed by Red Sea Global, aims to serve one million guests annually by 2030 with a peak capacity of 900 passengers per hour. SITA will implement solutions for passenger processing, baggage reconciliation, and airport operations. The solutions include SITA Flex, Maestro departure control system, Bag Manager, and Information Display Systems, ensuring a smooth passenger experience and efficient airport management.

💰 In 2025, business travel is set to grow, with 40% of companies expecting a boost between June and July, and 42% increasing their budgets from 2024 levels. The 2024 Global Business Travel Association report highlights 86% of buyers and suppliers meeting or exceeding their targets. Corporate travel budgets are anticipated to rise for 52% of buyers. BizAway, an Italian travel management company, recorded a 47% surge in booked stays and a 57% jump in total bookings year-over-year. The UK, with a 31.3% investment rate in business travel in 2024 and expected spending of $51.5 billion, is a focus for BizAway. BizAway's BizzyFlex service saw a 152.81% increase in usage for cancellations with refunds. The company also saved clients an average of 15.5% on hotels and observed a 63% growth in train travel, reflecting a push for sustainability. Technology and sustainability investments are critical for 2025, with 49% of professionals planning to enhance tech spending.

🏨 European hotels led price parity from October 2023 to October 2024, 48% of direct rates outperformed OTA and Metasearch prices. Paris topped October 2024 rankings with 67.35% best direct rates, followed by Lisbon (66.56%). Eurostars improved direct booking rates by 39 percentage points to 78.8%. Radisson Hotel Group matched 44.5% of rates with OTAs, whereas IHG faltered. OTA Booking.com was featured in over 90% of offers, but was beaten by hotels' direct rates 47.4% of the time.