These are last month’s pharma news and developments brought to you by Congress Bookers, a reliable accommodation partner for lead pharma companies worldwide.
We couldn’t let summer go without making sure that you haven’t missed the important news. Therefore, the purpose of this article is to help you prepare for fall and the last 4 months of 2017. Enjoy the read!
The business travel sector to increase over the next decade
The business travel sector is expected to increase by 3.7% per year over the next decade, a new report by the World Travel & Tourism Council (WTTC) and Travelport has revealed.
According to the report, the fastest growth in the business travel sector is expected in emerging markets. For example, in Asia-Pacific, it is expected to increase 6.2%/ year through 2027.
The fastest-growing market is China with 9.5% growth, followed by Myanmar at 8.7%, Rwanda and Gabon at 8.5%, Hong Kong at 8%, Tanzania at 7.9%, Cambodia at 7.4% and India at 7.2%.
The largest business travel markets remain the United States, China, the United Kingdom, Germany and Japan.
Global air traffic grew 7.9% for the first six months of 2017
The International Air Transport Association released its annual review report. According to the report, global air travel demand increased 7.8% year over year in June and rose across all global regions. Global air capacity increased 6.5%, and load factor increased by 1% to 81.9%.
Global air traffic grew 7.9% for the first six months of 2017, the highest growth rate for that period in 12 years.
Uber revamped its business platform
Uber for Business launched a revamped version of its business travel platform, allowing companies to set specific rules for how employees can use the service.
The self-service approach to travel management allows Uber’s clients to set rules for specific groups of travelers, without a limit to the number of riders that can be placed in one of these groups. The move allows big companies to more easily scale and track their Uber usage.
Thanks to the revamp, managers can create “set it and forget it” rules. For example, they can grant workers rides home from the office after a certain hour, or segment out various advantages to specific types of employees.
Airfares and hotel rates set to increase in 2018
The 2018 Global Travel Forecast reveals that travel prices are set to rise in the coming year, reaching nearly 4% increases in some sectors. The fourth annual forecast, by the GBTA Foundation in partnership with Carlson Wagonlit Travel, shows global airfares are expected to rise 3.5% in 2018; hotel prices are expected to be 3.7% higher; and ground transportation such as taxis, trains and buses are expected to rise only 0.6%.
In terms of airfares, the report revealed that Asia Pacific expects to see a 2.8% rise in 2018. Across EMEA, air travel is anticipated to continue growing, with prices rising a whopping 7.1% across Eastern Europe and 5.5 percent in Western Europe. However, Middle East and African countries only expect a 3% increase because of ongoing security threats. Across Latin America and the Caribbean, prices are expected to go up only 0.3% in 2018, while North America will see prices rise by 2.3%.
In terms of hotel prices, across Asia Pacific, they are likely to rise 3.5%. Across EMEA, hotel prices are also likely to rise – 6.6% in Eastern Europe, 6.3% in Western Europe, and 0.6% in the Middle East and Africa. Within Latin America, hotel prices are expected to fall 1.2%, with steep declines in Brazil (down 8.7%) and Argentina (down 2.3%). With international travel projected to grow 4% in 2017 and 2018, U.S. hotel growth is expected to be concentrated primarily along with the West Coast and in Washington D.C.
In terms of ground transportation, the latter remains very competitive in EMEA. Prices are expected to remain mostly flat in Europe, and up a meager 1% across the Middle East and Africa. Furthermore, the report has revealed that prices are expected to rise slightly (1.0%) across Latin America, while Canada is expected to see a healthy 4.6 percent increase in 2018.
Sabre developed chatbot for travel agencies
Texas-based travel technology company Sabre developed an AI-powered chatbot for the travel and tourism industry based on Microsoft’s intelligent and natural language services.
The chatbot leverages Microsoft Bot Framework and Microsoft Cognitive Services, including Language Understanding Intelligent Service (LUIS). Organisations can use the set of tools to add intelligent and conversational features to their applications.
Two Sabre-connected travel agencies will test a white-label version of the product with travellers. They will use the Facebook Messenger chatbot for common service and support requests, such as changing an existing flight reservation.
Virgin Atlantic to form joint venture with Air France-KLM
Virgin Atlantic is set to form an extended joint venture with Air France-KLM, thus expanding its transatlantic partnership with Delta.
Under the deal, Air France-KLM will buy a 31% stake in Virgin Atlantic from the Virgin Group for £220 million. Virgin Atlantic will continue to operate independently as a UK airline under the Virgin brand.
Virgin Atlantic already operates a transatlantic joint venture with Delta, which owns 49% of the UK airline.
The expanded joint venture, which will also include Alitalia, would offer 300 daily flights across the Atlantic and establish a partnership “with a duration of at least 15 years”.
Congress Bookers provides a whole range of services needed to organize a group for a medical congress. On our website, you will find a full list of hotel allotments for the most important medical congresses in 2017 and 2018, regardless of their location. The biggest congresses next year are:
ESMO 2018 – 1092 rooms in twenty-one 4-star hotels.