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Travel

Europe’s most resilient cities are leisure hotspots

Source: https://forwardkeys.com/europes-most-resilient-cities-are-leisure-hotspots/

The latest edition of the ECM-ForwardKeys Quarterly Barometer Report, published jointly by ForwardKeys and the non-profit organisation, European Cities Marketing (ECM), reveals that Europe’s most resilient cities are leisure hotspots despite the devastating COVID-19 pandemic.

As of 27th October, total inbound flight bookings for the EU and the UK, for the fourth quarter of 2020, were 85.6% behind where they were at the equivalent moment last year. Symbolically, Paris, which is normally Europe’s second most popular destination, has climbed to the top spot, even though its bookings are 82.3% behind 2019 levels.

In a ranking of the EU’s most resilient major cities (ie: cities with at least 1.0% share of international arrivals), the news is promising and shows a common theme – all cities are major leisure destinations.

Top of the list is Heraklion, the capital of Crete, known for the ancient Palace of Knossos. There, flight bookings are only 25.4% behind their 2019 level. In second place is Faro, the gateway to Portugal’s Algarve region, which is known for its beaches and golf resorts, 48.7% behind. The next three positions are taken by Athens, 71.4% behind; Naples, 73.4% behind; and Larnaca, 74.2% behind. The cities in the second half of the list, in descending order, comprise Porto, 74.5% behind; Palma Mallorca, 74.6% behind; Stockholm, 75.8% behind; Malaga, 78.2% behind; and Lisbon, 78.8% behind.

Most-resilient-EU-destinations-Q4-2020Olivier Ponti, VP, Insights, ForwardKeys, said: “When one digs into the data behind these headline numbers, we see that people are still making travel plans; and within those plans, there are five clear trends. First, leisure and personal travel are holding up much better than business travel, which is virtually non-existent right now. Second, bookings are dominated by the Christmas holiday period. Third, people are booking at even shorter notice than usual, probably wary of travel restrictions being imposed without warning. Fourth, fares are consistently on the low side, with airlines doing everything in their power to tempt back travellers; and fifth, destinations which have remained open to EU travel, such as Stockholm, have suffered less.”

Petra Stušek, ECM President, concluded: “Once again the ECM-ForwardKeys Air Travellers’ Traffic Barometer allows us, as destination marketing organisations (DMOs), to identify trends which, in this time of crisis, are different from what we experienced last year. Since 2013 ForwardKeys has provided ECM Members with a quarterly report that gives us important data on air traffic and an interesting analysis of tourist activities in our territories. The data from the latest barometer shows the power and resilience of cities, even though the meetings industry is still running behind; and the past months were very difficult for city tourism. This challenging time is frustrating for stakeholders within destinations and DMOs. At ECM, we are developing various tools and content to support our members on their path to recovery.”

To learn more about the data behind this article and what ForwardKeys has to offer, visit http://forwardkeys.com.

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DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.

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LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.