IATA: Quarterly Cargo Market Analysis


Annual growth in air freight tonne kilometers (FTKs) slowed to 2.8% in the three months ended July – its slowest pace on this basis in more than two years. While FTKs are continuing to increase in seasonally adjusted (SA) terms, the upward trend has slowed markedly from that seen during the best of the upturn in air freight last year.

This largely reflects the fact that the inventory restocking cycle, which helped air freight growth to outperform that of wider global trade in 2016/17, has now run its course. More generally, against a backdrop of rising trade protectionism measures, wider momentum in world trade also looks to be weakening.

Cargo yields have continued to trend upwards in H2 2018, albeit at a slower pace than a year ago. While the industry-wide load factor is trending down, ongoing high rates of freighter aircraft utilization will continue to help to reduce average costs, and to help offset ongoing upward pressure on costs, particularly from higher fuel prices.

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SPACES Center opens in Orange County, California: Includes Terminator Salvation

SPACES opens the door to the world’s first SPACES Center, featuring the multi-sensory VR attraction Located within the recently revamped Irvine Spectrum Center in Orange County, one of Southern California’s most popular entertainment lifestyle destinations that attract more than 17 million visitors annually.
It includes Terminator Salvation: Fight for the Future marks the first-time guests will be able to experience location-based extended virtual reality built by the visionary VR and entertainment team that spun out of DreamWorks.
Join the resistance alongside friends and family members to blast Terminators with unique SPACES features like SPACES FACES (proprietary 3D scan of guests faces) and decked out with top-of-the-line immersive equipment including the HP Omen X VR Backpack workstation PC. SPACES attractions are heart-pounding social, group adventures that will have friends and families saying “I’ll be back.”
Tickets are on sale now and can be purchased at spaces.com
SPACES creates unlimited possibilities in any physical location through a unique moving, immersive journey, engaging all the senses through virtual mixed reality, haptic feedback, motion platforms and environmental effects that groups of guests can see, hear, and feel.
“Our amazingly fun, social SPACES attractions are built to be shared,” Brad Herman, SPACES CTO says. “We’re kicking off our first SPACES Center with a prominent franchise that is recognized and loved around the world, we make it easy for guests to share their SPACES experience the moment they take off their headset and that social-friendly mentality is built into every one of our SPACES attractions.”
“Many virtual reality experiences are described as ‘You have to see it to believe it’ and that is now a possibility with our first U.S.-based SPACES attraction at Irvine Spectrum Center,” Shiraz Akmal, SPACES CEO says. “We say that guests can ‘Go Anywhere, Do Anything’ and SPACES is opening locations around the world, partnering with premier locations to bring guests closer to the promise of extended reality (XR) than ever before.”
“We designed our VR backpacks precisely to enable visionary, driven teams to create groundbreaking social experiences,” explains Joanna Popper, head of location-based VR entertainment for HP. “SPACES attractions are a natural fit to showcase the unique adventures you can experience when you’re not tethered to a desktop PC or a television. SPACES location-based XR attractions give people the ability to experience a game or movie from the inside. It’s not storytelling, it’s story-living.”
Visit www.spaces.com to register and be one of the first to Go Anywhere Do Anything™.
About SPACES Inc.: SPACES global retail locations, parks, and attractions deliver unique and unparalleled VR, AR and MR entertainment experiences that deploy cutting-edge technology, fully immersive, multiplayer, highly sensorial experiences featuring original and globally- recognized Hollywood and video game brands. SPACES was founded at Dreamworks Animation and the team has wide-ranging backgrounds in film, television, video games and theme parks. SPACES has raised over $10M from Comcast Ventures; Songcheng Performance Co.; Match VC; Boost VC; Canyon Creek Capital; Colopl VR Fund; GREE Inc.; Kai Huang; Sinovation Fund; The Venture Reality Fund; and Youku Global Media Fund and CRCM VC, and has a $30M partnership with Songcheng Performance Co. to build next generation attractions for parks and retail locations.
About HP Virtual Reality Solutions: HP’s approach to virtual reality is founded upon its rich history of product innovation and deeply rooted customer relationships, which enables it to deliver the most immersive technologies that help businesses lead their industries. HP’s versatile, high-powered devices empower customers to create and consume VR content. The company’s commercial grade products are designed for mission critical business applications that require high levels of security, manageability, reliability and ISV certified applications.

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Hotel Opening: The Glen House at Mt. Washington, New Hampshire

The Glen House, a new 68-room hotel at the base of Mt. Washington, opened today in New Hampshire.
Owned by the Mt. Washington Summit Road Company (MWSRC) and managed by Olympia Hotel Management, The Glen House is just 30 minutes from North Conway and situated near the base of the Mt. Washington Auto Road, which the family-owned MWSRC has operated since 1906.
The Glen House has deep, historic roots in New Hampshire’s White Mountains. The new hotel is the fifth iteration of The Glen House to be built near the site of the original hotel, a landmark that opened in 1852 as tourists began to flock to the summit of 6,288 foot Mt. Washington, the highest peak in the Northeast. The new hotel carries on the tradition of its predecessors and is the first property to stand on this site in more than half a century.
The new Glen House is the ideal base camp for those who love the outdoors and adventures in the White Mountains. Adjacent to the Mt. Washington Auto Road, which offers the most majestic views in New England from the top of Mt. Washington, the hotel is steps away from the hiking, biking and cross country trails of the Great Glen Trails Outdoor Center. As a fall foliage destination, the White Mountains are unrivalled in the Northeast. When the snow flies, the location offers the best cross country skiing and snowshoeing in New Hampshire and is just minutes away from the alpine trails of Wildcat Mountain Ski Area.
The heart of The Glen House is a welcoming great room that extends from the lobby to a sitting area with a towering stone fireplace, an open bar area and massive windows framing a view of Mt Washington and neighboring peaks in the Presidential Range. The cathedral ceiling, oversize chairs and the sense of space give this room the feeling of a classic White Mountain lodge. The great room leads to an expansive outside deck that’s partly covered, with ample seating and a stone fire pit, perfect for après ski sessions.
The design of this newest incarnation of The Glen House pays homage to the classic White Mountain hotels of the 1850’s, utilizing clapboards and painted trim in a style similar to its predecessors. Half of the rooms have views of Mt. Washington and sunset, while the others look towards neighboring Maine and the Wildcat Mountain Ski Area for sunrise views. Artwork embraces both the history of the Mt. Washington Auto Road and the four previous hotels. There is a gym and an indoor salt water swimming pool, with complimentary WiFi throughout the property.
The Glen House Hotel will be close to energy self-sufficient and carbon neutral, thanks to a geothermal system that will provide heating and cooling as well as two offsite energy-generating projects harnessing hydro and solar power. The hotel was designed and built by New Hampshire firms, including BMA Architectural Group of Amherst, interior designers Stibler Associates LLC of Manchester and contractors Martini Northern of Portsmouth.
The Glen House restaurant, The Notch Grille, is under the direction of Chef John Ginter and serves “comfort food with a twist.” The adjacent bar and outdoor patio with fire pit is the ideal place to sip a local brew after hiking or skiing and enjoy panoramic views of Mt. Washington. The restaurant, which is open to the public, will serve breakfast, lunch and dinner, with brunch on the weekends, as well as a mid-afternoon social menu and an après ski menu.
The three-story hotel is designed to serve active outdoor travelers as well as guests driving the famous Mt. Washington Auto Road, the most famous mountain drive east of the Rockies. Considered America’s oldest man-made attraction, the road opened in 1861 and welcomed tourists first in stagecoaches and later in automobiles. The Great Glen Trails Outdoor Center, owned by MWSRC, is across the road from The Glen House and offers 40 km of walking and hiking trails, trail biking, guided wilderness kayaking and white water kayaking trips. Winter activities include Nordic skiing on 45 kilometers of classic and skate-groomed trails, snowshoeing, fat biking, snow tubing and winter tours up the mountain on the Mt. Washington SnowCoach. The Wildcat Mountain Ski Area is a short drive from the hotel.
Thanks to a range of flexible spaces and facilities, a dedicated catering staff and a full-service restaurant that offers indoor and outdoor seating, The Glen House hotel is on track to become one of the premiere locations in The White Mountains for destination weddings. The setting is also ideal for honeymoons.
The Glen House offers more than 5,000 square feet of flexible indoor and outdoor space and seats up to 200 guests, making it ideal for social events, business meetings and corporate retreats. The hotel is a full-service meeting and event venue, with a dedicated meeting staff.

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Release of New U.S. Government Tourism Data

U.S. Travel Association President and CEO Roger Dow issued the following statement on the National Travel and Tourism Office’s release of international inbound visitation and spending numbers following a six-month suspension to fix anomalies in data collected from Customs and Border Protection:

“NTTO and CBP both deserve tremendous credit for working diligently to ensure we have an accurate government data picture of international visitation. Travel businesses depend on good numbers to plan and budget for things like marketing activities and expansion, so while it’s been a long few months without official visitation figures, working from compromised data is far worse than having no data at all.

“The NTTO numbers released today are basically in agreement with the inbound analysis U.S. Travel’s economists have been putting together these last few months. The data picture is properly viewed through a certain lens: while raw visitation figures have been slowly rising, they are not keeping pace with the explosive growth we are seeing in travel and tourism worldwide. U.S. market share has eroded, which means we are not adequately harnessing global travel growth to keep adding jobs and exports to the U.S. balance sheet.

“For a place that’s as natural a draw for visitors as the U.S., the healthy global travel market represents a tremendous economic opportunity. Policymakers can take full advantage of it by supporting the Brand USA tourism marketing agency and working to enhance and expand secure visa programs.”

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Island of Hawaii and Kauai No Longer Under a Tropical Storm Warning

Hawaii Tropical Storm Olivia
Tropical Storm Olivia is making its slow advance through the Hawaiian Islands today, with the current onset of high winds and heavy rainfall on Maui County and Oahu being the biggest threats to people and property.
Over the past 36 hours, Olivia has proven to be erratic and unpredictable as it nears the Hawaiian Islands. With the storm’s latest shift in direction overnight toward Maui County and Oahu, the National Weather Service has canceled the tropical storm warning for the island of Hawaii and Kauai.
All of the Hawaiian Islands continue to be under a flash flood watch through Thursday, meaning conditions are favorable for flash flooding in flood-prone areas. As such, state and county civil defense officials are strongly encouraging all residents and visitors statewide to continue monitoring Olivia and its impacts on the weather until the storm has completed its pass of the islands.
According to the Central Pacific Hurricane Center, as of 11:00 a.m. HST, Olivia had maximum sustained winds of 45 miles per hour and was moving west at 15 miles per hour. The center of Olivia, where tropical force winds and rainfall are at their strongest, was located 40 miles west of Kahului on Maui and 60 miles east-southeast of Honolulu on Oahu.
George D. Szigeti, president and CEO of the Hawaii Tourism Authority, said, “Today, residents and visitors of Maui County and Oahu are urged to stay safe, stay indoors and stay informed at all times by monitoring civil defense reports and Hawaii’s news media. Don’t be complacent about Olivia and don’t take anything about the weather for granted. Listen to the experts and follow their advice.”
High winds of 30 to 45 miles per hour, with gusts up to 65 miles per hour, are possible throughout today on Maui County and Oahu. In addition, total rainfall of 5 to 10 inches, with isolated areas receiving up to 15 inches, is possible. The National Weather Service cautions the heaviest rainfall could continue for 6 to 12 hours after the high winds subside.
Residents and visitors of Maui County and Oahu are advised to shelter in place and have access to an adequate supply of food, water, medications and essential goods until Olivia completes its pass.
For visitors currently in Hawaii or with confirmed trips to anywhere in the Hawaiian Islands in the coming weeks, HTA advises them to stay informed about Olivia and to contact their airlines, accommodations and activity providers to see if adjustments to travel plans are needed.
To help keep residents and visitors informed, HTA has a special Alert page about Olivia on its website and is posting updates as new information becomes available. Included are links to resources for weather information, alerts posted by the State of Hawaii and four island counties, closures of parks, airline travel waivers, and news releases pertinent to Olivia.
HTA’s Alert page for Olivia can be accessed from its home page or by clicking on the link below.
Following are links to resources about Olivia, being prepared for its onset, and coping with weather impacts.
Weather Information
Up-to-date information about Olivia is available at the following:
National Weather Service Forecast: www.weather.gov/hawaii
Central Pacific Hurricane Center: www.weather.gov/cphc
County Alerts
Up-to-date information about Olivia’s impact to Hawaii’s four island counties is available at the following websites:
County of Hawaii: https://bit.ly/1wymub3
County of Honolulu: https://bit.ly/2MV0pFa
County of Kauai: https://bit.ly/2NXDmWZ
County of Maui: https://bit.ly/2NnELZT

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