| The International Air Transport Association (IATA) announces that leaders of the global air transport industry are currently gathering in Sydney, Australia, for the IATA 74th AGM and World Air Transport Summit. Hosted by Qantas, the event includes addresses by Sir Peter Cosgrove, Governor-General of Australia; Michael McCormack, Deputy Prime Minister and Minister for Transport; and Dr Fang Liu, Secretary General, International Civil Aviation Organization (ICAO). "Sydney will be the capital of air transportation as aviation leaders gather for the 74th IATA AGM and World Air Transport Summit (WATS). The airline industry is in its ninth consecutive year of profitability. And solid progress is being made on the top priorities of safety, security and sustainability. The big issue of the day is infrastructure. A global infrastructure crisis is being complicated by governments considering an acceleration of private sector involvement in airports," said Alexandre de Juniac, IATA’s Director General and CEO. Julian Bray Aviation expert comments: What is claimed to be a highlight of the World Air Transport Summit is a CEO Insight panel featuring Sir Tim Clark (Emirates), Peter Elbers (KLM), Rupert Hogg (Cathay Pacific) Christopher Luxon (Air New Zealand) and Calin Rovinescu (Air Canada). No problem wit that and the line up is impressive, but will the panel be able to get a word in edgeways as the moderator billed is none other than CNNs Richard Quest? Quest is fabled for allegedly being able to talk in rapid-fire whole paragraphs before pausing for breath. Hopefully oxygen masks will be placed above the panel, ready to drop down should circumstances dictate! Hot topics include sustainable aviation fuels, airport privatization, benefits and risks of tourism, gender equality, making the best use of data, next steps on aviation security, and preventing human trafficking. Mr Quest has his hands full with that and no doubt it will quickly become apparent which airlines have not purchased forward fuel options as simply they could be out of business within 18 months, such is the continuing rise of world fuel rates - all accounted for in US dollars, but that is a whole new story! Meanwhile back in the UK, not such good news from the hotel sector as its being reported that Hotels in the UK saw a 0.9 per cent year-on-year drop in room occupancy to 77.8 per cent in April, as room rates increased 0.8 per cent to £112.56. Profit per room at hotels in the UK fell by 0.9 per cent to £47.98, representing a sixth consecutive month of year-on-year profit decline, according to the latest HotStats report. Pablo Alonso, CEO of HotStats, said: “Demand levels have softened since the beginning of 2018, which may be attributed to the poor weather, the slowing in the UK economy and, this month, the timing of Easter. “But it’s also clear that the increase in minimum wage and employer pension contributions have caused an increase in payroll levels. So, despite a rise in TrevPAR, payroll as a percentage of total revenue has grown and taken a bite out of profits.”
Hotels in Aberdeen recorded increased in both room occupancy (6.3 per cent) to 69.0 per cent, and average room rate (1.5 per cent) to £60.85, helped by a 36.8 per cent increase in conference revenue.
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