Global airfares
are expected to fall 3.5 per cent in 2014, according to IATA’s latest study. With global spend on air transport expected to hit US$746 billion in 2014 and passenger numbers rising to 3.3 billion, the study showed airfares will continue to fall in real terms (after inflation) compared to the previous year. IATA’s Airline Industry Economic Performance report also found the industry has cut US$700 million off its global profit forecast for 2014. IATA now expects airlines to make a profit of US$18 billion.
MARRIOTT'S RENAISSANCE
brand is on course to open nine hotels in 2014 – destinations include Paris, Santiago, Chengdu and Denver. Marriott has also announced the opening of a 175-room hotel in Novosibirsk – the group’s second property in Siberia and its 15th in Russia.
10 BBT JULY/AUGUST 2014
BRITISH AIRWAYS
is now codesharing with Spanish airline Vueling on more than 170 routes. The “significant move” for both IAG airlines means BA travellers can book Vueling flights through all BA sales channels, and collect Avios points for these bookings. The services are largely centred on Vueling’s operation in Italy, with 37 international and 11 domestic routes from Vueling’s Rome Fiumicino base.
UNITED AIRLINES
will suspend its New York-to-
Belfast service for three months from January 2015. The route, which is the only direct link
between Northern Ireland and the US, will be affected from January 6 until March 15. The decision follows a “company- wide review” by United.
Prestwick airport
will benefit from £10 million of investment by the Scottish government, which purchased the Ayrshire airport in 2013 after no private buyer was found.
American Express
has launched new benefits for its UK corporate
gold
and platinum card members. The im- provements include unlimited access to more than one million wifi hotspots, integra- tion with the itinerary management app Trip Case, and enhanced airport lounge access.
has won HRG
a global travel contract for offshore construction and engineering firm Subsea 7. The contract
covers 14 markets
across Europe, North America, South America, Asia Pacific, the Middle East and Africa, for an initial period of five years.
Intercontinental Hotels Group (IHG)
is revamping its rewards scheme by offering members ten points for every US$1 charged to their room. IHG members will also now have access to free internet across all IHG properties.
BUYINGBUSINESSTRAVEL.COM
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