Barriers to growth, sustainability and accessibility dominated debate at the Pacific Continued from page, page 96
imperative the government acts immediately to implement the proposals.” But the UK Board of Airline
Representatives insisted the risks of airline insolvency “remain overstated” and said: “We do not support a passenger levy. Te vast majority of consumers would never receive any benefit.” Chief executive Dale Keller
said: “Te EC estimates only 0.07% of passengers could be affected by airline bankruptcy and, of these, only 12% would require organised assistance in geting home.” He warned the costs of
collecting a levy “are likely to be significantly greater” than the report suggests. Airlines UK chief executive
Tim Alderslade agreed, saying: “Passengers already pay over £3 billion a year in APD. Bringing passengers home through voluntary rescue fares works extremely well.” Insolvency trade association
R3 backed the levy but objected to changing the UK’s insolvency rules to allow a failed airline to operate repatriation flights. President Duncan Swiſt
said: “One reason an insolvent airline’s planes are grounded is that planes are vulnerable to creditor action. It’s easy for a supplier to block a plane at an overseas airport.” He also warned the proposal
“will have an impact on creditors’ risk analysis when it comes to trading with or lending to an airline and could affect access to finance”. Te industry has until
June 20 to respond to the recommendations as part of the consultation on the government’s Aviation 2050 strategy paper.
Expert highlights tourism growth but revenue drop
International tourism “has grown dramatically” but spending per head has fallen, according to Professor John Koldowski, special adviser to Pata chief executive Mario Hardy. Koldowski noted global interna-
tional arrivals topped 1.4 billion in 2018 and told the Pata Summit: “Te
94 16 MAY 2019
Economist warns trade war is threat to growth
Ian Taylor
Global economic growth is slowing and will continue to slow amid growing threats of a trade war, a leading economist warned the Pata Summit in the Philippines. Andrew Staples of Te Economist
Corporate Network said: “Te global economy slowed in 2018. It’s slowing again in 2019 and will continue to slow in 2020. Staples described the outlook as one of “growing risk” and told
Andrew Staples
the summit: “Trade is the biggest concern. We should all be concerned about the conflict between the US and China. Some of the tension is about who will run the global economy.” He characterised this as “a batle
for digital supremacy, about who will set the rules for the next stage,” adding: “Te batle around 5G [mobile infrastructure] is part of it.” Staples identified a number of
other risks but said: “We’re very concerned the US-China trade war could become a global trade war and
We’re concerned
the US-China trade war could become a global trade war and slow everything down
slow everything down. It is creating uncertainty and increasing costs.” Tensions hit a new level last week
ahead of planned US-China trade talks. Staples said: “On Sunday, it looked like they would do a deal. On Monday, Trump said, ‘Te deal is off’ and he imposed another 15% tariff on $200-billion worth of Chinese goods.” Staples summarised the issues
between the governments saying: “China wants to be global leader in artificial intelligence and 5G by 2025. Te US does not want that to happen.” However, amid the warnings,
Staples said: “Te mega-trends are positive and what are driving economic growth.” He advised: “Position yourself for short-term volatility but long-term growth.”
structural components of travel and tourism are strong. Scheduled air capacity is growing. Arrivals are up and spending is up overall.” But he noted: “[Average]
spending per arrival dropped from $1,154 in 2014 to $1,008 in 2017, the lowest since 2009.” Koldowski said: “Asia-Pacific
receipts look good, but revenue per arrival is falling. Demand is strong. It is cheaper than ever to travel. “[But] the inbound travel mix is
changing [and] the length of stay is perhaps declining.”
He added: “We need to
understand the impact. If we’re serious about sustainability, numbers are not what we should be focusing on.”
travelweekly.co.uk
Professor John Koldowski
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