ENERGY
Buyers warned of oil and gas ‘pricing volatility’
MINIMAL GROWTH IN OIL PRICES, emerging economies and rises in renewable energy resources will mean a volatile year in 2017 for travel in the energy, resources and marine sector. These are the main findings of the
Carlson Wagonlit Travel 2017 Energy, Resources and Marine Forecast – which has warned buyers to expect cost pressures in the sector. “There are economic headwinds that will have a significant impact on travel within this sector of the industry,” said Monisa Cline, senior vice-president,CWT Energy, Resources
AIRLINES
and Marine. “We expect there will be some growth, but as the data from the report shows, there will also be volatility. Travel managers need to understand how these pressures will impact their travel programmes.”
The data showed that in the US, air
travel will remain constant in 2017. Other areas of the Americas are likely to remain stable, but see some pricing volatility, with regional carriers being aggressive in their pricing.
While hotel stays might remain flat or even decrease globally, the Americas
MEETINGS AND EVENTS
London event venues enjoying business boom after Brexit
Jennifer Aniston in Emirates’ new ad
Jennifer Aniston stars in new Emirates TV ad
EMIRATES HAS REVEALED ITS NEW GLOBAL ADVERT, which features actress Jennifer Aniston. It shows her befriending Cooper, a young boy who she finds playing in her Private Suite in the Emirates First Class cabin. The two strike up a conversation and build a rapport as they then stroll through the Business Class cabin. Boutros Boutros, Emirates’ divisional senior vice-president, said: “Jennifer has a universal appeal that’s a great match for our brand.”
BUYINGBUSINESSTRAVEL.COM
LONDON EVENT ENQUIRIES HAVE RISEN SHARPLY this summer following the UK’s decision to leave the European Union. The capital’s official promotional company, London &
Partners, said it experienced a “major increase” in enquiries for meetings and events in the capital between June and September – rising more than 40 per cent year-on-year. This rise is reflected across all markets, with US enquiries up 22 per cent over the period, EMEA enquiries rising by 22 per cent and domestic enquiries soaring by 83 per cent.
A number of suppliers, including Excel London,
Maybourne Hotel Group and Intercontinental London – The O2, have also experienced an increase in enquiries. Some overseas planners have been requesting to settle the cost of their events upfront due the fall in the value of the pound following the EU referendum result.
BBT November/December 2016 19
are likely to see a small price increase in hotel rates due to industry consolidation. In China, airfares are expected to increase in 2017. However, the overall Asia Pacific market should remain stable as low cost carriers continue to have an impact. In Europe and the Middle East, air pricing is expected to remain flat or decrease slightly. Globally, hotels are also expecting to see flat or decreasing rates.
n See 2017 Forecast feature, p56, and Guest Column, p89
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