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Travel

Suppressed Air Travel Points to 35% Increase in Overland Transport

Source: https://huq.io/indicators/suppressed-air-travel-points-to-35-increase-in-overland-transport/

The impact of the pandemic on the travel industry, and aviation in particular, is laid bare in mobility data showing how outbound trips from the UK reduced by 75% throughout most of last year.

High frequency data from Huq Industries shows how total trips abroad fell significantly during the first lockdown and have never recovered – currently languishing at 25 percent of 2019 levels.

Huq’s data very closely mirrors air passenger data from the Civil Aviation Authority, with a mean correlation of 0.74 and a MAPE of just 1.2% – available daily with just a 48hr lag. Over the course of 2020 it is also interesting to note a consistent gap of 35% between air travel and travel by all modes. This deviation points to how people have switched to other forms of transport during the outbreak.

Airports and airlines have reported huge drop in passenger numbers and the accompanying revenue; last week Edinburgh Airport reported a 76 per cent fall in passengers – the lowest in 26 years.

To learn more about the data behind this article and what Huq has to offer, visit https://huq.io/.

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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.

GET WEEKLY ALERTS

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The email you entered is not valid.

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.