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EUROPEAN AIRFARES STILL RISING BUT US FARES START TO STALL
Gender pay gap worse for senior travel roles THE GENDER gap in salaries for executives in the travel industry is getting wider, according to the latest figures from C&M Travel Recruitment. Analysis of 2022 salary levels showed a stark difference in salaries for executive roles (those paying £40,000 and above), with the average male earning £55,792, which is £7,402 (or 14.21%) more than their female counterpart. This gap has increased from 11.94% in 2019 and 10.56% in 2018. However, for more junior roles (up to £22,000), salaries are almost equal, with the average man earning £85 more than a woman. For mid-level positions (those paying £22,001£29,999), females were paid £103 more than males. The overall pay gap in the travel industry stands at 11.50% (or £3,606), which is slightly down from 14.15% in 2019.
AIRFARES across Europe and to intercontinental destinations will continue to increase this summer, due to low supply and incredibly high demand. But analysis by Advito, the consulting arm of BCD Travel, shows airfares in the US are finally stalling and US domestic flights are showing the first sign of decline. Meanwhile, Asia yields are moderating with the reopening of major markets like China or Japan. Advito’s Air and Hotel Price Index for the third quarter of 2023 said the gap between demand and
IATA INITIATIVE WILL HELP GUIDE AVIATION EMISSIONS REPORTING AIRLINE body IATA is to publish an annual Track Zero report to share progress towards the aviation industry's commitment to Net Zero carbon emissions by 2050. Individual airlines can use the aggregate data, which is based on IATA’s Net Zero Tracking Methodology, to benchmark their own progress towards decarbonisation. The first report is planned for publication in the fourth quarter of 2024.
[ NEWS BITES ] >> DIRECT ATPI has integrated its profile, invoice, approval and itinerary platform with Microsoft Teams >> RIGH RESIDENCES will open on Edinburgh’s George Street later this year with 27 serviced apartments, ranging from studios to penthouses >> CT BUSINESS TRAVEL is now a member of business travel consortium, Focus Travel Partnership >> FCM CONSULTING has joined forces with Centre for Aviation (CAPA), to help clients address their buiness travel sustainability goals >> TRAVELODGE has opened a 393-room hotel in Dublin's city centre, its eleventh hotel in Ireland and the first Travelodge hotel to offer the group’s premium economy SuperRooms >> Swedish travel and events agency RESIA, which was acquired by Navan (then TripActions) in March 2022, is joining Reed & Mackay and will take on its name >>
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capacity has diminished, which has had a "cooling effect" on airfares in intercontinental markets. The consultancy firm expects "dramatic" airfare increases from Europe on all travel sectors – domestic, intraEurope and intercontinental – for the upcoming quarter. It says this summer season will follow the same path as last year, which was 'upended' due to labour shortages. But in North America, the dynamic airfare uptrend is starting to slow down.
53%
of travellers have changed their hotel on arrival
Just over half of business travellers have arrived at their hotel on a work trip and decided to switch to a different property at least once in the last 12 months, according to a survey of 3,850 global business travellers by Wakefield Research, commissioned by SAP Concur.