2023AllianzPartnersBigBookofTravelDataPage

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2023AllianzPartnersBigBookofTravelDataPage

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2023AllianzPartnersBigBookofTravelDatabyIdeaWorksCompany

TableofContents

Updatestothe2023AllianzPartnersBigBookofTravelData 4

A.WelcomeMessagefromAllianzPartners 6

B.IntroductiontotheData 7

AboutSpecialReportingPeriodsforAirlines 9

BiggestYearOverYearIncreasesforAirlines 9

Hotel,CarRental,andOnlineTravelAgencyData 11

ByAlmostEveryMeasure2022WasaGreatYearfortheTravelIndustry 12

C.AirlineTrafficforthe2022Period 15

PrimaryAirlinesinAlphabeticalOrder 15

SubsidiaryAirlinesinAlphabeticalOrder 23

PrimaryAirlinesbyTraffic 26

PrimaryAirlinesTrafficbyWorldRegion 34

TrafficGeneratedbyGlobalAlliances 44

TrafficbyAirlineCategory 46

D.AirlineRevenueforthe2022Period 49

PrimaryAirlinesinAlphabeticalOrder 49

SubsidiaryAirlinesinAlphabeticalOrder 56

PrimaryAirlinesbyRevenue 59

PrimaryAirlinesRevenuebyWorldRegion 66

RevenueGeneratedbyGlobalAlliances 75

RevenuebyAirlineCategory 77

E.FrequentFlyerMembershipbyProgram 79

F.EmployeesbyAirline 82

F.HotelGroupsandIndividualHotelBrands 87

HotelGroups 87

IndividualHotelBrands 92

G.CarRentalCompanies 100

H.OnlineTravelAgencies-OTA 103

CurrencyExchangeRatesUsedforthisBigBook 106

Appendix:AirlinesIncludedinthisBigBook 107

Issued15August2023byIdeaWorksCLLC

Shorewood,Wisconsin,USA

www.IdeaWorksC

Version1

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AboutJaySorensen,WriteroftheReport

JaySorensen’sresearchandreportshavemadehimaleadingauthorityonfrequentflyerprogramsandtheancillaryrevenuemovement.HeisaregularkeynotespeakeratancillaryrevenueandairlineretailconferencesandhastestifiedtotheUS

Congressonancillaryrevenueissues.Hispublishedworksarerelieduponbyairline

executivesthroughouttheworldandincludefirst-

everguidesonthetopicsofancillaryrevenueandloyaltymarketing.

Mr.Sorensenhas40

yearsexperiencein

product,partnership,andmarketingdevelopment.Aspresidentofthe

JaywithsonsAntonandAlekseiatArtistPointinYellowstoneNationalPark.

IdeaWorksCompany

consultingfirm,hehashelpedboostairline

revenue,startedloyaltyprogramsandco-brandedcreditcards,developedproducts

intheservicesector,andhelpedstartanairlineandothertravelcompanies.Hiscareerincludes13yearsatMidwestAirlineswherehewasresponsiblefor

marketing,sales,customerservice,productdevelopment,operations,planning,financialanalysisandbudgeting.Hisfavoriteactivitiesarehiking,exploringandcampinginUSnationalparkswithhisfamily.

AboutEricLucas,EditoroftheReport

EricLucasisaninternationaljournalistwhoseworkhas

appearedinMichelintravelguides,AlaskaAirlinesBeyondMagazine,EpochTimes,Westwaysandmanyother

publications.FoundingeditorofMidwestAirlinesMagazine,heistheauthorofeightbooks.Erichasfollowedandwritten

aboutthetravelindustryformorethan30years.Heliveson

SanJuanIsland,Washington,wherehegrowsorganicgarlic,

apples,beansandhay;visithimonlineatTrailNot4S.

Eric,athisfavoritesummerretreat,SteensMountain,Oregon.

2023AllianzPartnersBigBookofTravelDataPage

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DisclosuretoReadersofthisReport:IdeaWorksCLLCmakeseveryefforttoensurethequalityoftheinformationinthisreport.Beforerelyingonthe

information,youshouldobtainanyappropriateprofessionaladvicerelevanttoyourparticularcircumstances.IdeaWorksCompanycannotguarantee,andassumesnolegalliabilityorresponsibilityfor,theaccuracy,currencyorcompletenessofthe

information.

Theviewsexpressedinthereportaretheviewsoftheauthor,anddonotrepresenttheofficialviewofAllianzPartners.

TermsofUseforthisReport:Youmaynotdisseminateanyportionofthereportthroughdigitalmeans,includingmaillistsordigitalbulletinboards,withoutthepriorconsentofIdeaWorksCompany.ThisrestrictionincludesSandsimilarsubscriber-basedwebsites.Youmaymakeonehardcopybydownloadingand

printingit.Youmaystorethedocumentasafileonyourcomputer.PleasecontactIdeaWorksCompanyifyourequiremultipledownloadsforusewithinyourcompany,andforallotheruses.

ExceptasexpresslypermittedinthisTermsofUse,thereportmaynotbe

reproduced,transmitted,ordistributedwithoutpermission.Youmaynotcommingleanyportionofthereportwithanyotherinformationandshallnotedit,modify,oralteranyportion.

IdeaWorksCompanyprovidesthereportandservices“asis”andwithoutanywarranty,orcondition,express,impliedorstatutory.IdeaWorksCompany

specificallydisclaimsanyimpliedwarrantyoftitle,merchantability,fitnessfora

particularpurpose,andnon-infringement.InnoeventshallIdeaWorksCompanybeliableforlostprofitsoranyspecial,incidental,orconsequentialdamagesarisingoutoforinconnectionwiththereport(howeverarising,includingnegligence).

DistributionofthisreportisprotectedbytheEconomicEspionageActof1996oftheUnitedStatesandthedataprotectionlawsofEurope.

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AboutAllianzPartners:Asagloballeaderintravelandspecialtyinsurance,

AllianzPartnershasalonghistoryofhelpingpeople—anytime,almostanywhere.

Everyyear,morethan100millionpeopleworldwidechooseustoprotecttheirtravelplans,tuitionpayments,andeventticketpurchases,andwetakeprideinexceedingtheirexpectations.Asanestablishedcompanywithbothalong,proventrackrecordandacommitmenttoinnovation,we’reuniquelysuitedtodeliveridealsolutionsthatmeetyourcustomers’ever-changingneeds.LearnmoreatAllianzP.

Thedistributionofthisreport

ismadepossiblethroughthesponsorshipofAllianzPartners.

Updatestothe2023AllianzPartnersBigBookofTravelData

ThisisVersion1.0ofthe2023AllianzPartnersBigBookofTravelDatabyIdeaWorksCompany.

ReadersareencouragedtovisittheIdeaWorksCompanywebsitetocheckforupdatestothisAllianzPartnersBigBookofAirlineData:

/reports/

Updateswillincludecorrectionsmadetothedatapresented.Thesewillbe

summarizedinthe“Updatestothe2023AllianzPartnersBigBookofTravelData

page.”Themostup-to-dateversionoftheBigBookwillbeavailableonthewebsite.

2023AllianzPartnersBigBookofTravelDataPage

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2023AllianzPartnersBigBookofTravelDataPage

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Allianzpartners

A.WelcomeMessagefromAllianzPartners

Welcometothe2023editionoftheAllianzPartnersBigBookofTravelData.Onceagain,

JaySorensenandtheIdeaWorksCompanyteamhaveworkedhardtoprovideawealthof

dataonairlines,hotelbrands,carrentalcompanies,andonlinetravelagencies.Allianz

Partnersisproudtosupportthemintheircontinuedcommitmenttoprovidingin-depth,up-to-dateinformationontheever-changingtravellandscape.

Gettingahead—andstayingahead—takesinsight,innovation,andindustryknowledge.That’swhereresourcesliketheBigBookcomein.Information,likethedatafoundhere,helpsuslearnwheretheindustryhasbeenandwhereit’sgoing.

Asathoughtleaderinthetravelindustry,AllianzPartnersunderstandsthevalueofdata.

Thepastfewyearshaveshownusjusthowimportantitistobeabletoadaptandinnovate,butthey’vealsoprovidedinvaluabledataonachangingindustry.Byexaminingpastdata,we’reabletoidentifytrendsanddevelopabetterunderstandingofwhatworksandwhat

doesn’t.

Goingforward,wecanusethisinformationtodevelopproductsandservicesthatstrengthenourpartnershipsanddriverevenuegrowthasweprepareforpotentialthreats,likeinflationandclimatechange.Itbringsvaluetocustomers,too,byhelpingusunderstandtheirwantsandneeds.Webelievethatdatashouldbeavailabletoeveryone—fromstart-upagencies

andpromisingup-and-comerstoglobalbrands.Byfosteringanopencultureof

communicationandeducation,webelieveinsupportingeachpartofthetravelerjourney

valuechain.AtAllianzPartners,datahasinspiredustoinnovateinexcitingnewways.

YearsbeforeChatGPT?madeheadlines,AllianzPartnerssawthepotentialofartificial

intelligence.ItinspiredthegroundbreakingAllianzFusionSMplatform,whichanalyzesbillionsofdatapointsthroughthepowerofmachinelearningtogeneratetailor-madetravel

insurancequotes.AllianzFusionSMhelpspartnersaccelerategrowth,butitalsohelps

provideabetterexperienceforcustomers—thekindofexperiencethatkeepsthemcomingback.Thishistoryofpairingin-depthinformationwithgroundbreakinginnovationhashelpedusearnlong-lastingpartnershipswithiconictravelbrands.

Ofcourse,thevalueofdataisinhowit’sused.Morethanever,it’simportanttorecognize

thatthetravelindustryisbuiltonthehardworkandbigideasofintelligent,dedicatedpeople.ThesearethepeoplewhoutilizethepowerofresourcesliketheBigBook,inspiretravelerstoplantheirdreamvacations,andhelpensuretheirvisionsbecomereality.

Joiningstrengths,whetherbybuildingpartnershipsorbyblendinginformationwith

imagination,makeforastrongerwhole.Wecan’twaittoseewhatthebrightmindsofthetravelindustrydowiththisdata—andwhereittakesusnext.

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B.IntroductiontotheData

The2023AllianzPartnersBigBookofTravelDataincludesmoreairlines,withdatafrom229carriers(upfrom219inthe2022edition),anewsectionwithtotal

employmentfor91airlines,andnewstatisticsforprivatelyheldBestWesternHotels.TheBigBookisthetravelindustry’sonlyone-stopannualcompendiumofairline,

frequentflyer,hotel,carrental,andonlinetravelagencystatistics.

Byeverymeasure,oursisatravelindustryinrapidrecoveryfromtheravagesofthepandemic.Thedatashowsthatairlines,hotelsandothertravelproviderslastyear

leaptfromthepandemicplungeof2020.Withfewexceptions,thelistof160primaryairlinesinthisBigBookshowyear-over-yearincreasesfor2022.

ThelargedatabasesupportingthisBigBookpermitsthecalculationofaglobaltotalfortheairlineindustrywhichrevealsanearly30+percenttrafficincreasefor2022

anda50percentrevenueincrease.Airlinetravelisnaturallylinkedtohotels,car

rentalcompanies,andonlinetravelagencies–agoodyearforairlinesisanindicatorofgoodtimesfortheentiretravelsector.

GlobalEstimateofAirlineTrafficandRevenue

ReportingYear

Traffic

Change

Revenue

Change

2019

4.6billion

$840billion

2020

1.8billion

-60.9%

$350billion

-58.3%

2021

2.3billion

+27.8%

$462billion

+32.0%

2022

3.0billion

+30.4%

$693billion

+50.0%

Source:2023AllianzPartnersBigBookofTravelDatabyIdeaWorksCompany

Thispublicationisyoursinglesourceofdataforpassengertraffic,airlinerevenue,

frequentflyerenrollment,andemploymentforairlinesfromAegeaninEuropeto

ZhuhaiinChina.ThedatacollectionprocessbeganinJanuaryofthisyearandwascompletedinJulytoallowapublicationdateofAugust2023.It’sasignificant

undertakingwithareviewof300airlines,andasearchfortheworld’sleadinghotel

groups,carrentalcompanies,andonlinetravelagenciesforinclusionintheBig

Book.Theinformationispresentedinmultipleformatstocreateuser-friendlyaccesstothedata.

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ThefirstpartoftheBigBookcontainspassengertrafficresultsfor160primary

airlinesand49subsidiaryairlines.Thesecondportioncontainsrevenueresultsfor125primaryairlinesand43subsidiaryairlines.Thelastairlinesectionsprovide

membershipdatafor53frequentflyerprogramsandemploymenttotalsfor91

carriers.It’simportanttounderstandthedistinctionbetweenprimaryandsubsidiaryairlines:

.PrimaryairlinesincludeindividualairlinesnotaffiliatedwithacorporategroupstructuresuchasAeromexicoandCopaAirlines.Groupairlinesarealso

included.Thesegroupsfeaturemultiplecarriersunderasinglecorporate

ownershipstructure.ExamplesofgroupsincludeAirAsiaAviationGroupandAirFrance/KLMGroup.

.Subsidiaryairlinesareindividuallyidentifiedairlinesunderanairlinegroup

(alsoknownasthecorporateparent).Thecarrierslisteddonotalways

representthefulllistofairlinesoperatingunderthegroupumbrella.Thelistingislimitedtodisclosuresmadebytheparentcompany,andthesemaynotbe

comprehensive;groupsoftenomitsmalleroperationsfromtheannualreport.

Thereare70+pagesintheairlinesectionofthisBigBookandtwofeaturesare

designedtohelpkeepusersontrackthroughthemanytables.Eachdatasectionwilluseaconsistenthighlightcolorforthetrafficandrevenuedata.Inaddition,

tablesoffer“l(fā)ine”numbersforindividualresults.Fortablesofferinghightolowresults,theindividualresultsappearasa“rank.”

Passengertraffictypicallyrepresentsonewaypassengers,withconnections

betweenflightscountedasasingletrip.Someairlines,suchaslowcostcarriers,

countpassengersonasegmentbasis;aconnectionpassengerwouldrepresenttwo

trips.Revenueisoftendescribedbyairlinesas“operatingrevenue”whichincludesa

varietyofsourcessuchaspassengerfares,ancillaryrevenue,aircargo,andservicessoldtootherairlinessuchascateringandgroundhandling.Somedisclosureswereveryscantandtherevenuetypecouldnotbedetermined.

Thereportingperiodfocuseson2022.Forthemajorityofairlines,thisisthe

calendaryearofJanuarythroughDecember.ThemostrecentreportingperiodwasselectedforthisBigBook.Thesourceforinformationwasalmostalwaysanannualreportfoundattheinvestorrelationspageofanairlinewebsite.Thereareavarietyofsourcesidentifiedinthetableswithofficialfinancialdocumentsbeingpreferred.

ThesourcedataforalldisclosuresisnotedintheAppendixsectionattheendofthedocument.

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AboutSpecialReportingPeriodsforAirlines

Noteveryairlineusesthecalendaryeartoreportfinancialresults.Otherfiscalyearsendon31March,30June,and30September.Financialreportinghasbeen

affectedbythepandemicwithdocumentssometimesmadeavailablemorethan6

monthsafterthecloseofafiscalyear.Themost-timelyairlinelistingsinthisBig

Bookarethoseforcalendaryear2022orending31March2023.Earlierperiodsaremarkedwitha■followingthecarriernameandthereportingperioddescriptionisingreen;thecarriersdisplayedinthetablebelowaredesignatedinthismanner.

AirAsiaXhasaveryunusual18-monthfinancialperiod,whichwaspromptedbythecarrier’srestructuring.Airlineswhichareprivatelyowned(nopublicshares

ownership)orgovernmentownedofferverylittledisclosurebeyondasimpletrafficor

revenuereferencemadeatthewebsite,inapressrelease,orinthestatisticspublishedbycivilaviationauthorities.

Thetablesforprimaryairlinesofferthemostrobustinformation,asthesecarriers

andgroupscanbeeffectivelyrankedintermsofpassengertrafficandrevenue.Allairlinesarelistedinalphabeticalorderwithpassengertraffic,revenue,reporting

period,datasource,andglobalregionlisted.Primaryairlinesarelistedinrankby

passengertrafficandrevenue.Inaddition,primaryairlinesarerankedwithintheirglobalregions.Therearesectionswhichcollateresultsforthethreeprimary

alliances:Oneworld,SkyTeam,andStar.

Everyeffortismadetoprovideaccuratedata.However,thequantityofdata

presentedwillinevitablyincorporateerrorsandomissions.Usersarekindly

requestedtoadviseIdeaWorksCompanyusingthecontactformprovidedonthewebsite:

/contact/

BiggestYearOverYearIncreasesforAirlines

Thisisthe4theditionoftheBigBookanditprovidesacomparisonofresultstotheprioryearperiod.Thesamecalendarorfiscalyearperiod(unlessotherwisenoted)iscomparedtothepriorperiod.Thetablesonthefollowingpagepresentthetoptenairlinesrankedbythelargest2022trafficandrevenueincreasecomparedtothe

corresponding2021period.

Duringnormaleconomictimestheseresultswoulddemonstratelargeincreases

causedbyacquisitionsandstart-upairlinegrowth.TheyoungairlinesinthelistsareBreezeAirways,ITAAirways,Play,andStarlux.Theotherairlinesareprincipally

basedinAsia,whichexperiencedaruinous2021andmuchbetter2022.EasyJetandTUIGroup(Markets&Airlines)bothpostedbigrevenueincreaseswhichhadalargeinfluenceonresultsfortheEuroperegion.TheTUIactivityrepresentsthe

operationsoftheairline-relatedcomponentofthetravelconglomerate.

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TopTenPercentageIncreaseinTraffic

Rank

PrimaryAirlines

AnnualPassengers

2022

TrafficChange

ReportingPeriod

2022

2021

1

HKExpress

314,000

8,000

3,825.0%

Calendar2022

2

SriLankanAirlines

1,468,000

167,000

779.0%

FYended31March2022

3

ChinaAirlines

1,502,564

173,036

768.4%

Calendar2022

4

Starlux

329,541

41,419

695.6%

Calendar2022

5

Play

789,151

101,053

680.9%

Calendar2022

6

ITAAirways

10,100,000

1,300,000

676.9%

Calendar2022

7

EVAAirGroup

2,206,355

292,690

653.8%

Calendar2022

8

MalaysiaAirlines

9,919,000

1,745,000

468.4%

Calendar2022

9

ThaiAirwaysInt’l.

9,010,000

1,640,000

449.4%

Calendar2022

10

AirAsiaAviationGroup

24,247,725

4,812,364

403.9%

Calendar2022

2022fiscalperiodcomparedto2021,individualairlines.

TopTenPercentageIncreaseinRevenue

Rank

PrimaryAirlines

AnnualRevenue

2021

RevenueChange**

ReportingPeriod

2022

2021

1

HKExpress

$88,194,738

$2,575,446

3360.0%

Calendar2022

2

ITAAirways

$1,640,797,360

$93,700,357

1651.1%

Calendar2022

3

Play

$139,905,000

$16,436,000

751.2%

Calendar2022

4

BreezeAirways

$135,000,000

$18,000,000

650.0%

Calendar2022

5

AirAsiaAviationGroup

$1,262,603,029

$218,497,929

512.4%

Calendar2022

6

ThaiAirwaysInt’l.

$2,915,108,876

$672,369,076

381.5%

Calendar2022

7

Starlux

$112,811,160

$28,509,008

322.4%

Calendar2022

8

J

$6,065,778,202

$1,697,063,203

308.7%

FYended31March2023

9

easyJet

$6,952,115,714

$2,008,864,293

295.7%

FYended30Sept.2022

10

TUIGroup

(Markets&

Airlines)

$15,415,062,153

$4,869,218,051

260.5%

FYended30Sept.2022

2022fiscalperiodcomparedto2021,individualairlines.

**Changecalculatedusinglocalcurrency(notbaseduponUS$conversionresults).

2023AllianzPartnersBigBookofTravelDataPage

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Hotel,CarRental,andOnlineTravelAgencyData

ThisBigBookisthesecondeditionhavingdataforthehotel,carrental,andOTA

categories,andthismakesyear-over-yearcomparisonspossibleforthefirsttimeformanyofthestatisticspresented.MarketerscanrefertotheBigBooktodeterminewhichbrandsandcompaniesmightmakethebestpartnerintermsofsize,

journalistshaveareadyreferenceforindustrymetrics,andinvestorscanconsider

whichcompaniesmightbestmeettheirportfolioobjectives.Theformatforthehotel,carrental,andOTAdataisintentionallysimilartotheairlinedata.

TheBigBookalsoprovidesuniquedatathat’slikelynotpublishedelsewhere.Forexample,ourresearchandcalculationsproducedalistofroomrevenuefor199

individualhotelbrands(upfrom174forthe2022BigBook)rangingfromHamptonInnsroomrevenueofnearly$10.2billiontoYakeHotelsinChinawithjust7

locationsandrevenueof$1,671,442.Hotelgroupsdon’tpublishsystemwideroomrevenuewiththeexceptionofIHGHotels.Fortheremaininghotelgroupsandall

individualbrands,theyearbookdatawasgeneratedthroughcalculationsusingotherstatisticspublishedbyhotelgroups.

Usingthisroomrevenuedata,welearnMarriottInternationalisthetop-ranked

amongthetenleadinghotelgroupswithawhopping$61.4billionofsystemwide

roomrevenue.Displayedinthetablebelowarethetop10individualhotelbrandsbyrevenuefromthedatabaseof199totalindividualbrands.

TopIndividualHotelBrands-ByAnnualGrossRoomRevenue

Rank

Brands

HotelGroup

(Parent)

Estimated

RoomRevenue

ReportingPeriod

1

HamptonbyHilton

HiltonHotels

$10,186,830,961

Calendar2022

2

HiltonHotels&Resorts

HiltonHotels

$9,248,407,997

Calendar2022

3

MarriottHotels

MarriottInternational

$8,780,067,309

Calendar2022

4

HolidayInnExpress

IHGHotels&Resorts

$8,465,388,418

Calendar2022

5

CourtyardbyMarriott

MarriottInternational

$7,132,489,652

Calendar2022

6

Sheraton

MarriottInternational

$5,476,516,925

Calendar2022

7

HolidayInn

IHGHotels&Resorts

$5,260,052,015

Calendar2022

8

HiltonGardenInn

HiltonHotels

$4,933,759,969

Calendar2022

9

ResidenceInnbyMarriott

MarriottInternational

$4,798,942,146

Calendar2022

10

DoubleTreebyHilton

HiltonHotels

$4,750,149,124

Calendar2022

Referto“HotelGroups–SourcesofInformation”formoredetails.

2023AllianzPartnersBigBookofTravelDataPage

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Addedtothe2023BigBookisBestWestern.Thisisaprivatelyownedcompanyandonlyrevealslimitedinformationregardinglocations,hotelrooms,androom

revenue.However,sufficientdatawasfoundfor2022topermitareasonable

estimateofcoreBestWesternbrands.RemovedfromtheBigBookwasOYORoomsofIndiabecauseseparateresultsforitshoteloperationswerenotfound.

Thecompilationofdatafortheairline,hotel,carrental,andOTAcategoriesallows

forsomeinterestingcomparisons.Forexample,hereisthelistofrevenueleadersineachcategory:

.$121.3billion:BookingHoldings(grossbookings).

.$61.4billion:MarriottInternational(estimatedroomrevenue).

.$49billion:AmericanAirlines(companyrevenue).

.$30billion:EnterpriseHoldings(companyrevenue).

Thisisnotapure“applestoapples”comparisonastherevenuelisteddoesnothavethesamedefinitionacrossdifferentcategories.Butitdoeshighlightthevast

consumeractivityachievedbymajorOTAsandhotelgroups.Thetravelindustryissomuchlargerthantheairlinebusiness.

ByAlmostEveryMeasure2022WasaGreatYearfortheTravelIndustry

Theairline,hotel,carrentalandOTAdashboardindictorsofferedinthe2023Big

Bookflashgreenlightswiththeamberandredlightsofthepastfewyearsnowonlyvisibleintherearviewmirror.

BigBookTravelDataComparisonofTop10Results

2022Revenue

2021Revenue

Change

Top10Airlines

$310.4billion

$185.5billion

67.4%

Top10HotelGroups

$199.3billion

$136.1billion

46.5%

Top10CarRentalCompanies

$59billion

$46.9billion

25.9%

Top10OTAsBookingValue

$383.1billion

$288.4billion

32.8%

Source:2023AllianzPartnersBigBookofTravelDatabyIdeaWorksCompany

Intheairlineindustry,Europestronglyledthewaywitha2022year-over-yearrevenueincreaseinexcessof154percent:

.Europe:154.4%revenueincrease.

.MiddleEast&Africa:73.5%revenueincrease.

.LatinAmerica:70.7%revenueincrease.

.Asia&SouthPacific:69.9%revenueincrease.

.US&Canada:73.6%revenueincrease.

2023AllianzPartnersBigBookofTravelDataPage

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ThisisastunningresultforEuropewhichhasenduredtheeffectsofRussia’s

invasionofUkraineandtheeconomicpressurescreatedbyhigherfuelcostsontheeconomyandespeciallytheairlinebusiness.Therewassimplyabubbleofdemandasintra-Europetourismrebounded.ButgoodtimeswerenotfeltinChinaduring

2022,withitseconomyandtravelindustrystrugglingwiththeresidualeffectsofthepandemic.Hereare2022year-over-yeartrafficresultsforChina’slargestfour

carriergroups:

.ChinaSouthernGroup:13.8%trafficdecrease.

.ChinaEasternGroup:11.9%trafficdecrease.

.AirChinaGroup:10.3%trafficdecrease.

.HainanAirlinesHolding:6.3%trafficdecrease.

Theworld’salliancesgainedmarketshareduring2022byaddingawhopping422millionpassengerscomparedto2021results.Oneworld,SkyTeam,andStararenowestimatedtocapture46percentofglobalpassengers,upfrom41percentfor2021.Staristhelargestalliancewith576.2millionpassengerswhichisnearly20percentofglobalpassengertraffic.

Lowcostcarrierscontinuedsteadymarketsharegainsandcarried31.3percentof

worldwidepassengers,whichisameaningfulincreaseabovethe2021shareof26.8percent.Ryanairistheworld’slargestLCCwith168.6millionpassengerscarriedin2022;Indigoissecondwith85.3millionpassengers.

Theglobaltravelindustrylargelyremainsbelowtheexceptionalresultsof2019.

Thissuggestsacontinuedopportunityforoutsizedgrowthformanyyears.There

arecaveatstothisprediction,withRussia’sinvasionofUkraine,thecontinuingthreatofinstabilityinAsia,andtherapidlyevolvingissueofclimatechangeanditseffect

ontheairlinebusiness.

Fortunately,consumersarereadytotravelandtheglobaleconomyisjust“good

enough”toencouragespending.Thereisanecdotalevidencethatconsumersareespeciallyeagertospendonpremiumairlinetravelandaccommodations,withacorrespondingincreaseofancillaryrevenue.

Thetravelbusinessisplacingbighopesonpremiumtravel.Thisisveryhelpful,

becausethistimelytrendisaccompaniedbywhatmanyviewasapermanentlossof20percentofbusinesstravel.Thislossofthesetraditionallydiscerningandhigheryieldtravelershasreducedyieldsandmayhelpexplainwhymanycomplainabout

lowerservicelevelsascompaniespinchpennies.Thesituationisnothelpedbystaffingshortagesandaseemingscarcityofexperiencedfrontlineemployees.

Wemustrememberthattravelissquarelydefinedasaservicebusiness.Forsome,travelisanecessity,butformost,itconnectspeoplewithlife’smostenjoyable

activities.Thisisapowerfulattraction,andthatisthemagicfeedingthegrowthofthe$1.28trillionofeconomicactivitycontainedinthe2023BigBookofTravelData.

2023Allianz