Economy

Executive-level salaries drive average industry pay past pre-pandemic levels

Travel wages rose 21% compared to the same time in 2019 as vacancies in the industry dip on 2022

Brits to use savings to fund travel plans over next 12 months, data finds

Travel remains the highest priority discretionary category, despite continued economic uncertainty, according to new data from Amadeus

Covid-era air passenger patterns here to stay, says airports body

Data published on Monday (31 July) by Airports Council International (ACI) shows that 52% of European airports are still below pre-Covid levels

RCG praises 'travel partners' after setting new revenue record

President and chief executive Jason Liberty said the group has made ’positive strides’ towards narrowing the gap in popularity between cruise trips and land-based holidays

Air travel disruption and heatwaves trigger spike in refund demands

New analysis reveals UK online search volumes for travel refunds increased by 17.9% in the seven days to Friday 21 July

Spending on travel slows slightly in June but remains healthy

Nationwide Building Society sees slight slowdown in travel and air ticket purchases in June, but with the underlying trend still healthy versus last year

Advantage chief: agents 'turning the tide' against OTAs and AI-backed rivals

On the eve of National Travel Agents Day, Julia Lo Bue-Said hails increase in new, younger clients despite onslaught of artificial intelligence and online travel agents

Five key takeaways from TTG's new Travel Agent Tracker report

Agents were growing in confidence ahead of the busy summer season, despite an increasingly late market, according to TTG’s second Travel Agent Tracker report of the year.

Set for summer? EasyJet joins Jet2 and Tui in making hay while the sun shines

’The equation looks simple – strong demand versus modest capacity increase equals higher earnings,’ writes Gary Noakes for TTG

London's airports ready to grow – and 'steal a march' on Heathrow

Gatwick, Luton and London City airports have all lodged applications to significantly increase passenger capacity, while Heathrow’s expansion hopes have lost momentum since Covid. Rob Gill digs deeper.

Aito members upbeat but still facing post-pandemic challenges

Aito members detail upbeat outlook but voice concerns over staffing and contracting

Growth in spend with agents slows significantly in June despite lates surge

Month-on-month growth in spending with agents down from +30.1% in May to +9.9% in May to +0.1% in June, according to new data from Barclays

Value set to be 'bigger factor' for UK tourists this summer than other markets

New European Travel Commission data warns UK consumers are being cautious about their holiday spending plans

Jet2 plc returns to profit as package sales run ahead of 2022

Airline and operator says package and flight-only pricing has been robust despite various cost pressures

Norwegian Air acquires regional carrier Wideroe for £82m

Wideroe will continue to exist as a separate company with its own brand, organisation and headquarters in Bodo

Fresh plea to EU to unlock cross-border green European travel

Coalition of environmental NGOs urge European Commission to harness new regulations to enable customers to seamlessly combine lower-carbon transport options like rail and bus

MAG records £1bn revenue as traffic nears pre-pandemic levels

In its first full-year of restriction-free travel from 1 April 2022 to 31 March 2023, the group served 54m passengers, equal to 91% of 2019/20 traffic

Luxury travel brand named among UK's fastest-growing companies

Luxtripper was the only travel brand in the top 50 of 2023 Sunday Times 100

The secret to successful marketing in a sluggish economy

The kids’ exams are (almost) done, school sports days are underway and we are hurtling towards the start of the British summer holiday season.

This year’s big break coincides with a decidedly schizophrenic economic situation as indicators and forecasters waver between modest growth and, fuelled by ever-increasing numbers of people needing to re-mortgage at much higher levels, a recession coming after all.

Package holiday prices rising faster than inflation, data finds

TravelSupermarket data for a report on holiday costs revealed prices to popular destinations have risen in 2023, but so has interest in overseas travel

Holiday intent strong but price hikes impacting people's plans

New figures highlight how 41% of consumers plan to take a holiday in the UK this summer, while 29% will head abroad

Airports will need to raise fees to meet sustainability goals, trade body warns

Airports body calls for increased fees to airlines saying sustainability measures are otherwise in danger

Consumers still prioritising holiday spend despite downturn

Nationwide says average consumer will spend nearly £1,500 on holidays this year

Travel and tourism deal activity plummets year-on-year, data shows

GlobalData figures have revealed that global deal activity has plummeted by 41% year-on-year, with private equity deals being hit the hardest