Travelography #132: Travel Downturn Hits NZ and A380 comes to LAX

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Stories discussed in this podcast are from the Travelography Twitter Blog for the week of 20 October 2008. This podcast is also available at Blubrry.com and Travelgeography.info.

• Gloomy weather on New Zealand's tourist front

  The financial crisis has hit tourism - one of New Zealand's biggest earners - causing visitor numbers to plummet last month. Statistics New Zealand figures show the number of international tourists fell 6.6 per cent...

• Cancelled cruises bring loss to New Zealand and Australia

  Celebrity Cruises, the company which owns the 2038-passenger Celebrity Millennium, has cut Australia and New Zealand from its 2009-10 itinerary, choosing to focus on northern hemisphere destinations. High fuel costs and high airfare costs for passengers were reasons for the cancellations,...

• Recession may mean opportunities to some in the travel industry

  Leading hospitality, timeshare and fractional leaders all across the country express concerns over business during these hard times. However, they believe some sectors will stay afloat and find opportunities in deep recession.

• First A380 service between Australia and the US west coast begins for Qantas

  The Qantas A380 is configured with 450 seats in four cabins – 14 in First Class, 72 in Business Class, 32 in Premium Economy, and 332 in Economy Class – with interiors designed by world renowned Australian industrial designer and Qantas creative director Marc Newson.

• Study reveals what we love, and hate, about flying

  89 per cent of Taiwanese, 87 per cent of Americans, 84 per cent of Thais and 83 per cent of British travellers agreed they would appreciate a seat swap if they were less than thrilled with where they were asked to park their posteriors.

Travelography #131: Tourism and The Economic Meltdown - Part 2

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Stories discussed in this podcast are from the Travelography Twitter Blog for the week of 13 October 2008. This podcast is also available at Blubrry.com and Travelgeography.info.

• Tibet slashes tourism ticket prices after riots

  In the first half of the year, 340,000 people visited Tibet. That's down 69 percent from the same period last year. Tourism almost came to a standstill after a riot broke out on March 14.

• Tourists to tip less as they feel the squeeze

  Penny conscious tourists are now refusing to tip waiters, taxi drivers and hotel staff when dissatisfied and 13 per cent say they'll definitely be tipping less and less often, no matter what the service, to make their travel money stretch further this holiday.

• Travel industry gets flexible to calm clients' money fears

  Under the new rules for fall 2009 cruises, customers will be able to cancel without penalty up to 45 days from sailing date instead of 75 days. They'll also be able to reserve a cabin with a 5% deposit instead of 10%. They'll have seven days to pay instead of three. ... the policy adjustments a "smart move" that can calm clients' nerves about committing to a cruise that can cost up to $8,000 a couple.

• For airlines, oil is proving a two-edged sword

  While cheaper crude breathes new hope into airlines, it carries other penalties. Oil is down because demand is grinding lower. OPEC just slashed 100,000 barrels a day from its 2009 demand growth forecast, citing shaky financial markets and mounting evidence that the global economy is in recession. Included in the downturn is a drop in travel.

• Credit crisis threatens New Orleans' recovery

  It's the commercial sector — privately funded hotels, condos and new-business development — that would be waylaid by a contraction of credit. Compounding the quandary: No one knows how badly the $5 billion-a-year, bread-and-butter tourism industry — the metro area's largest employer and generator of an average of more than $250 million a year in tax revenue — will be hit by belt-tightening consumers.

• OAG revises 4th quarter analysis of global airline activity

  The US domestic market will account for 21.4 million of the cutback in available seats, or 46% of the global decline and a staggering 59% of the global drop in frequencies with 265,000 fewer flights.
  
  

Travelography #130: Travel, Tourism and The Economic Meltdown

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Stories discussed in this podcast are from the Travelography Twitter Blog for the week of 6 October 2008. This podcast is also available at Blubrry.com and Travelgeography.info.

• Economic woes cause travelers to postpone, cancel trips

  One reason experts doubt travel will rebound quickly has to do with the way many people were financing their travels before the housing market collapsed. ... many people were financing their travels by accessing the equity built up in their homes, which appreciated dramatically in recent years.

• Ahead of the Bell: Online travel sites

  Orbitz Worldwide Inc. was downgraded and earnings estimates for online travel competitors Priceline.com Inc. and Expedia Inc. were cut Thursday, as analysts pointed to a weaker travel market and a stronger dollar.

• Credit crunch 'good news for UK [domestic] travel'

  "Consumer behaviour is changing. We're seeing more people taking short breaks close to home and it could be that the recession will be good news for UK tourism. ... Among the new deals being snatched up are city breaks in apartments, couples' breaks in log cabins and holidays with a sporting theme."

• Airline industry faces 'year of hell'

  The International Air Transport Association, IATA, has estimated that global airline loses will be $5.2 billion this year and $4.9 billion next year due to the economic slowdown and high price of oil. This compares with a combined profit of $5.6 billion last year.

• Airline woes pinch Arizona tourism expectations

  Fewer seats for sale means airlines can charge more. Tickets for Phoenix flights departing in October are up an average 28% from a year ago, ... At risk: A substantial slice of $19 billion in annual visitor spending in Arizona. This comes after months of reduced numbers in hotel occupancy and airport traffic as people struggle with a plunging stock market, the housing meltdown and other economic woes.

• The silver [travel] lining in the global slump

  Blame it on “comparative pain.” As bad as things seem in the U.S., they’re even worse in other countries with higher inflation, higher unemployment, and a weaker central bank.

Travelography #129: Airlines Flying Above Financial Crisis

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Stories discussed in this podcast are from the Travelography Twitter Blog for the week of 29 September 2008. This podcast is also available at Blubrry.com and Travelgeography.info.

• Low Gas Prices Help Airline Stocks Take Off

  Airlines also attracted investors by retiring older, less fuel-efficient planes and cutting capacity to support higher ticket prices. Passengers seemed willing to pay additional fees for everything from luggage to food to extra leg room, which added millions to airlines' revenue.

• As International Airfares Soar, Americans Stay in the U.S.

  Growth of international passenger traffic worldwide slowed to a five-year low in July and dropped further in August, according to the International Air Transport Association, which represents 230 airlines.

• Airlines add service and amenities to Asian routes

  ...996 nonstop flights a week were scheduled in the third quarter of 2008 from the United States to Asian countries, more than ever before. Los Angeles is the most popular departure city from the United States, with 180 flights a week. Narita Airport in Tokyo is the most frequent destination, with 380 arrivals a week.
• The give and take of travel

  Bargain in good faith The 50 cents you save may give you pride because you "beat down" the salesperson, but you may have also robbed that person of extra food or prevented his or her children from purchasing school books or a mandatory school uniform.