Annual CWT Energy, Resources & Marine Travel Forecast 2018

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Author: PASA

Global corporate travel agency Carlson Wagonlit Travel (CWT) has launched its annual 2018 CWT Energy, Resources and Marine Travel Forecast. The forecast provides a region-by-region analysis and insight into travel conditions for key markets in the coming 18 months.

Speaking to PASA, Peter Brady, Vice President, CWT Energy Resources & Marine, Asia Pacific, CWT highlights several points of interest:

  • In line with the continued slump in Energy & Resource investment, Perth airport total domestic passenger numbers for the 12 months to June 2017 declined 3.1% to 9,216,600, with total aircraft movements declining 15% to 130,115 from the heights of the mining boom in the period July 2013 – June 2014. Source: https://www.perthairport.com.au/Home/corporate/about-us/airport-statistics.
  • Many organisations have included or are considering the inclusion of Low Cost Carriers (LCC) into their corporate travel program where that makes sense and carriers meet organisational policy requirements. Organisations across the ERM sectors continue to face economic pressures and uncertainty, and as such are looking for any opportunities to contain or reduce unit cost as they consider sustainability for the long-term. Low cost carriers are set to play a greater role in business travel as they expand their fleets with new aircraft, route expansion and the provision of new premium cabin configurations.
  • As we begin the long transition to 2018, Perth airport is continuing to undergo significant expansion investment as it sets its sights on becoming a key national gateway. As an example, Qantas will begin direct non-stop flights Perth-London-Perth with the 787-9 Dreamliner from March 2018.  Available seats have decreased at a faster rate than passenger numbers – there is therefore future potential for constrained capacity if available seats continue to decrease at a greater pace than passenger number decrease. Business travellers will need to be mindful of securing seats on preferred flights or preferred carriers in this situation, through smart advance purchasing.
  • As the mining industry continues to move in a positive direction there will be pressure on the Perth-Broome-Perth and Perth-Karratha-Perth routes.

A full copy of the report can be found here: http://www.carlsonwagonlit.at/content/dam/cwt/countries/de/pdf/2018-ERM-Forecast.pdf

 

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