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that matched current growth forecasts, involving trillion-dollar investments in decarbonisation measures and prioritising shorter trips by road and rail. It would require “limits to
aviation growth until it is fully able to decarbonise, capping the longest-distance trips” at 2019 levels. These made up 2% of trips yet 19% of tourism emissions. If left unchecked, the longest trips would account for 41% of tourism emissions by 2050. CELTH director Menno
Stokman warned: “Business as usual is neither desirable nor viable. Climate impacts are already here, increasing in frequency and severity, with monumental costs for humanity and the environment. Current decarbonisation strategies will reach net zero far too late. We must reshape the system. Shifts in investment will get us there within a decade for shorter trips. But for long-haul we need more time.” Travel Foundation chief
executive Jeremy Sampson said: “The risk is that the most vulnerable people and nations will lose out. We urge governments to coordinate globally and consider what is fair in terms of who pays for this huge investment.” The Envision Tourism
recommendations are in line with the Glasgow Declaration and Intrepid Travel was among the first signatories when it launched last year at COP26. Susanne Etti, Intrepid global
environmental impact manager, said: “This research shows the need to plan now for a resilient low-carbon tourism sector. We must recognise the future will be different from business as usual.” The report is due to be published early next year.
Emirates Group posts record $1.2bn half-year profit
Emirates Group, parent company of the dnata travel division, reported a record first half of the year as global Covid restrictions eased. A strong recovery in bookings
for dnata’s Middle East and UK businesses drove dnata travel revenue of $323 million compared with $40 million in the same period last year. The division reported a total transaction value of $1.3 billion
against $198 million a year earlier. The Dubai-based Emirates
Group moved from a loss of $1.6 billion a year earlier to a record profit of $1.2 billion for the six months to September 30. Airline Emirates carried
20 million passengers in the half year and reported a record profit of $1.1 billion from revenue of $13.7 billion, up from $5.9 billion in the same period last year. Sheikh Ahmed bin Saeed Al
Maktoum, Emirates airline and group chairman and chief executive, said: “The group expects to return to profitability at the close of our full financial year. We expect
Emirates carried 20 million passengers in the six months to September
customer demand across our business divisions to remain strong in H2 [to March 2023].” However, he added: “The
horizon is not without headwinds. We are keeping a close watch on inflationary costs and other macro-challenges.”
NCLH reports bookings for 2023 match level of 2019
Ian Taylor
Norwegian Cruise Line Holdings reported its bookings for 2023 now equal the record levels of 2019 as it posted results for the three months to the end of September. The cruise group described
pricing as “significantly higher” than at the same point pre-pandemic and noted booking volumes remain “at the pace needed to reach historical load factor levels in 2023”. The company reported an adjusted
operating profit of $28 million for the quarter and forecast a return to annual profit next year. Norwegian Cruise Line Holdings
(NCLH), the parent company of Norwegian Cruise Line, Regent Seven Seas Cruises and Oceania Cruises, reported advance ticket sales totalling $2.5 billion at the end of September, including $260 million in future cruise credits issued during the pandemic. It reported advance ticket sales
70 17 NOVEMBER 2022
Norwegian Pearl in Alaska
Del Rio said: “We’re
demonstrating continued positive momentum. The underlying fundamentals of our business and our target consumer remain strong and our strategy of focusing on long-term, sustainable profitability is working, evidenced by our 2023 booked position which is equal to 2019’s record levels and at record pricing.” However, he said the company
worth $1.5 billion during the three months and said about 60% of outstanding future cruise credits have been applied to future sailings. NCLH president and chief
executive Frank del Rio noted the quarter saw “strong pricing” and onboard revenue with a 14% rise in revenue per passenger per cruise day as occupancy levels rose to 82%. Quarterly revenue increased to
$1.6 billion, with an adjusted net loss of $268 million.
would report a net loss for the final quarter of the year and “macroeco- nomic conditions” meant it could not forecast “near or longer-term financial or operational results with certainty”. Chief financial officer Mark
Kempa said: “We continue towards our expected return to historical occupancy levels beginning in the second quarter of 2023. We are working to further enhance our financial flexibility and liquidity.” NCL removed requirements
for Covid-19 tests, masks and vaccinations on October 4.
travelweekly.co.uk
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