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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.

March 29, 2023 / Travel

Intra-European seat capacity to reach pre-pandemic levels this Easter.

From ForwardKeys
ForwardKeys, the leading travel and analytics firm based in Spain, latest research reveals that seat capacity for intra-European arrivals during Easter is expected to reach pre-pandemic levels. The destinations with the largest increases in air supply (out of destinations with a share >2 %) are Turkey, +26% up on 2019 levels, followed by Portugal (+12%) and Poland (+9%).
February 24, 2023 / Travel

Impact of the Ukraine war on travel from Russia

From ForwardKeys
One year on from Russia’s invasion of Ukraine, ForwardKeys, which has access to the freshest and most comprehensive flight booking data available, has analysed the impact of the war on travel. It reveals a number of trends, some expected and others surprising. Predictably, sanctions and the ban on direct flights between Russia and most of the EU have dramatically reduced Russia’s air connectivity with the rest of the world. However, the Middle East and Turkey, which have not banned flights to and from Russia, have benefitted from a rise in air traffic to them and through them.
February 23, 2023 / Travel

Travel Retail bounces back in 2023

From ForwardKeys
Travel data firm, ForwardKeys, latest air ticketing data reflects a better year for travel retailers and airports as post-covid consumer preferences swing in a more premium direction. And despite the economic slowdown, business travel continues. As airlines and airports are scrambling to rebuild air connectivity with Asia, some Eastern European airports have managed to position themselves as credible gateways to Europe and North America.
February 14, 2023 / Travel

Premium-class travel peaks in the post-pandemic

From ForwardKeys
The latest ForwardKeys data shows that the ability to fly abroad once more following an extended period without long-haul holidays, reveals many travellers are willing to spend more on travel services such as premium cabin classes. This is good news not only for the airlines but also for destinations and tourism-related businesses – as premium-class travellers are likely to spend more on the ground too.
February 7, 2023 / Travel

Albania: The Mediterranean’s tourism Dark Horse

From ForwardKeys
Travel and tourism are among the most important sectors for the Albanian economy, both in monetary and employment terms. In 2019, the sector contributed $3,430 million, equivalent to 20.3% of Albania’s GDP, positioning it as one of the main contributors to the country’s economic development. Home to castles, archaeological sites and a pristine coastline, Albania has a lot to offer visitors. Yet the Balkan nation has never held a prominent position on the international tourist map, with its neighbour Greece and other local competitors like Croatia typically attracting many more travellers.
January 23, 2023 / Travel

Outbound China travel surges for Lunar New Year but will peak in summer

From ForwardKeys
China’s decision to ditch its zero-Covid policy has triggered a surge in flight bookings, according to the latest data from ForwardKeys. And it’s the intra-regional neighbours in Asia who will reap the benefits the most. ForwardKeys China Market Analyst, Nan Dai, shared the latest figures in a joint webinar with Dragon Trail International and the consumer sentiment data aligned with the booking trends.
January 13, 2023 / Travel

The sleeping dragon awakens: travel from China returns

From ForwardKeys
China’s decision to ditch its zero-Covid policy has triggered a surge in flight bookings, according to the latest data from ForwardKeys. On 7th December, Chinese authorities announced that a negative PCR test would no longer be required for air travel between provinces. Domestic flight bookings immediately surged 56% on the previous week and continued to increase 69% the following week. On 26th December, China removed all COVID-related restrictions on domestic air travel; and bookings surged again, reaching 50% of 2019’s level in the final week of the year.
December 23, 2022 / Travel

What’s really going on with business travel?

From ForwardKeys
Messaging regarding the recovery of the business travel segment has been mixed. Since the onset of the COVID-19 pandemic, a number of the industry’s leading voices have claimed that business travel will never fully recover due to changing working habits – namely remote working and digital nomadism; company cost reduction; and a growing awareness of environmental issues.
December 1, 2022 / Travel

West and Central Africa lead the race to recovery

From ForwardKeys
After a bumpy road in travel recovery in the post-pandemic phase, it appears Africa can finally take a sigh of relief. ForwardKeys’ team of analysts have examined the latest air ticketing data in time for the MEADFA event in Bahrain and unearthed several gems. When looking at international arrivals for 2022, there is cause for optimism as Africa is performing comfortably above the global average.
November 28, 2022 / Travel

European city tourism on track to recovery in Q4

From ForwardKeys
An analysis by ForwardKeys, a knowledge partner of City Destinations Alliance (CityDNA), reveals at the Annual CEO Meeting of Capital and Major Cities by CityDNA, that the latest air ticketing data show European cities on track to recovery in Q4. While international travel recovery worldwide in Q4 tracks 30% below 2019 levels, the European continent overperforms the world average at -24%. This also represents an acceleration compared with the -30% registered in Europe in Q3.
November 9, 2022 / Travel

The most visited destinations in 2022

From ForwardKeys
At the World Travel Market in London this week ForwardKeys has announced the performance of the top global destinations of 2022 by publishing an annual Most Visited Destinations report that is available in hard copy at the event and to download at the bottom of this page. The top country list is headed by the Dominican Republic, and the top city list by Antalya in Turkey. Between 1st January and 18th October (the latest available air ticketing data), the Dominican Republic welcomed 5% more visitors than it did in 2019. It is followed by Turkey, Costa Rica, and Mexico, which all welcomed the same number of visitors.
October 5, 2022 / Travel

Boost for European travel retail as affluent US tourists return to the continent

From ForwardKeys
European travel retail stands to benefit from the return of affluent American travellers to the continent, while the recovery of multi-destination trips is another positive development for the sector. The easing of entry requirements throughout Europe comes as a relief to the entire travel industry – not least the travel retail sector, which relies on the steady flow of wealthy travellers through airports. As a result of Europe’s reactivation, both intracontinental and long-haul inbound travel are recovering well.
September 30, 2022 / Travel

How would European travel recovery have evolved without the airport chaos and flight cancellations?

From ForwardKeys
In this alternative review of the summer 2022 travel season, Juan A. Gomez, Head of Market Intelligence at ForwardKeys, poses the question, “How would European travel recovery have evolved without the airport chaos and flight cancellations?” Following some setbacks at the beginning of the year – namely the emergence of the Omicron Covid variant and the escalation of the Russo-Ukrainian war – travel recovery in Europe appeared to be firmly on the right track heading into summer.
September 12, 2022 / Travel

2022 summer travel trends: record breaking summer for flights to Greece and Turkey

From ForwardKeys
Air travel to the southeast corner of Europe substantially exceeded pre-pandemic (2019) levels in the peak summer months of July and August. The two largest destinations, Turkey and Greece, both exceeded pre-pandemic levels of international visitor arrivals by 9% and 2% respectively. Air travel to Albania (a relatively small destination with less than 1% market share of European flight arrivals) was also up by 28%. While no other major country destinations recovered to the numbers seen in 2019, Slovenia, just 7% down, Iceland, 8% down, and Portugal, 10% down, came close.
July 22, 2022 / Travel

Airlines cancelling flights: what’s the real impact?

From ForwardKeys
In recent weeks, news of airlines cancelling flights and images of long queues at European airports have dominated mainstream media, with many travellers reported having missed their flight due to lengthy delays even after check-in. To shed light on how bad the situation really is, ForwardKeys has taken a closer look at air traffic disruption by analysing recent cutbacks in capacity around the world.
July 6, 2022 / Travel

Spain summer travel trends: 9 in 10 international bookings recovered

From ForwardKeys
As shared in a presentation on summer travel trends and tourism prospects for Spain delivered on the 30th of June by the Spanish Ministry of Industry, Trade and Tourism and ForwardKeys, confirmed bookings for travel to Spain in July and August point to “a summer like before the pandemic”, with the country having recovered nine in ten international bookings made in 2019.
July 1, 2022 / Travel

The summer travel outlook 2022 report

From ForwardKeys
The summer travel outlook report, produced for the World Travel Market (WTM) by ForwardKeys, reveals that in the third quarter of the year, July, August and September, global air travel is set to reach 65% of where it was before the pandemic in 2019. However, the revival is patchy, with some parts of the world doing much better than others and some types of travel, particularly beach holidays, being much more popular than urban city visits and sightseeing.
June 17, 2022 / Travel

US visitors lead revival of struggling Southeast Asia

From ForwardKeys
The latest data from ForwardKeys reveals that while Southeast Asia has been lagging far behind the rest of the world in its recovery from the COVID-19 pandemic, visitors from the USA are coming back in substantially greater numbers than from other origin markets. In the first five months of the year (1st January – 31st May), travel to Southeast Asia reached just 18% of pre-pandemic levels, whereas travel to Europe reached 55%, to the Americas 66% and to the Middle East & Africa 64%.
May 7, 2022 / Travel

Russian outbound tourism reduces and redirects its attention to Asia

From ForwardKeys
The latest air ticketing data from ForwardKeys reveals that Russian outbound tourism, already severely handicapped by pandemic travel restrictions, has fallen even further, because of Russia’s military operations in Ukraine. But affluent travellers are still flying, just not to Europe. In the week before the outbreak of war (w/c 18th Feb), outbound international air tickets from Russia stood at 42% of pre-pandemic levels; but in the week immediately after the invasion (w/c 25th Feb), issued air tickets fell to just 19%. Since then, flight bookings have sunk deeper still and have been hovering at around 15%.
April 22, 2022 / Travel

Qatar and Egypt lead the travel recovery in the Middle East.

From ForwardKeys
As there is much talk about travel recovery around the world, first with the Americas leading in 2021 and again in 2022, the travel data experts at ForwardKeys are noticing the first taste of recovery in Africa and the Middle East. International arrivals to Africa and the Middle East in Q2 of 2022 are at -33% compared to 2019 levels, above the total international outbound average of -45% and just behind the leading recovery region, the Americas (-27%). Last year this figure was at -64%, so this is a marked improvement.