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Dark days almost over as travel bookings explode across APAC

Business

Flights across the Asia-Pacific region were forecast to jump by 20 per cent in the fourth quarter as travel restrictions ease, according to Flight Centre subsidiary FCM Consulting.

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The increase equates to an extra 419,000 flights in the final quarter of the calendar year.

The report uses global data sourced from FCM corporate bookings for travel during July-September 2021, Cirium aviation data as of 12 October 2021, and vaccine data sourced through Our World in Data as of 15 October 2021.

FCM the increase in vaccinations was providing confidence to the travel industry for business, leisure and the combination of the two and the lifting of restrictions and changes to quarantine meant a positive fourth quarter was likely.

“It’s early days, but a forecast of a near-20 per cent increase in flights for the fourth quarter is a confident step forward for the travel industry. We’ve been speaking about green shoots for a while and they’re starting to flourish now,” FCM Consulting general manager Felicity Burke said.

“Expanding the international travel for Singapore and the opening up of Australia will enable more corporates to conduct business meetings overseas once again. These numbers point to the fact that people want to meet face-to-face, connect, and grow their business.

“Singapore is an excellent proof point of international borders gradually opening up. Our stats shows once they opened VTLs (vaccinated travel lanes) to Germany and Brunei in August, booking demand leapt 89 per cent, paving the way for Singapore’s Changi Airport to recover from its 3 per cent operation.

“The outlook for accommodation is just as bright with the fourth quarter showing positive signs of recovery as forward bookings are up 17 per cent on 2020 across the APAC region.

“Across the APAC region we see the continuation of short booking lead times of one to seven days, signalling travellers are maintaining fluid travel plans.

“Hotels are re-opening to the public after concluding government quarantine services and many are taking the opportunity to refresh and re-launch their offering in 2022.”

 

 

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