Revenue growth has recovered to pre-recession levels and the US airline industry is expected to maintain profitability in 2013, according to Tailwinds, a report on the airline industry from PwC. However, while the industry has become better at managing capacity and generating ancillary revenues, it faces rising costs for fuel, labour and maintenance.
The number of hotel insolvencies in the first quarter rose by almost 20 percent on the previous quarter and by 188 percent on a year-on-year basis, according to new figures from PriceWaterhouseCoopers.A total of 46 UK hotel businesses went into administrators between January to March. The biggest casualty was Real Hotel Company, although most of the group’s 40 hotels have been bought from administration.
The online travel market is experiencing an evolution with the balance of power shifting over the past 12 months from online agencies to the suppliers, according to PricewaterhouseCoopers LLP.
The online travel industry could be heading towards a serious slow-down due to consumers’ desire to hunt for the cheapest priced holiday, according to the latest research by PricewaterhouseCoopers LLP.