FCM report: Global seat capacity up

Wednesday, 27 Nov, 2023 0

Seat capacity has continued its upward trajectory in the third quarter of 2023.

Whilst air travel demand was still growing and positive, the increases have moderated for a third quarter, according to FCM Consulting’s latest Global Quarterly Trend Report.

It forecasts +71.8 million (+5.3%) more seats globally than 2019.

However, the final 2023 seat capacity is forecast to be 2.2% below 2019.

The report finds Europe is the only region with overall reduced capacity – down 2%.

Elsewhere, Africa leads the way with a predicted increase of 14%, followed by Middle East (up 11%), The Americas (8 and Asia (7%)

Australasia will be flat, it says.

One of the biggest obstacles faced during the recovery period has been lack of airline capacity and competition but conditions are improving.

This is expected to benefit business travellers as the years progress.

However, there is still concern remains regarding the lack of available seats on Australia – Europe services via the Middle East.

As reported IATA in August 2023, global passenger load factors were at 84.6%.

When it comes to accommodation, hotel occupancy levels averaged 68% in 2023.

Over the past six months corporate average room rates have plateaued, signalling rate stability.

In terms of car hire, the overall global average daily rate (ADR) has increased by 4%.

Andy Hegley, MD for FCM UK, Ireland and the Netherlands, said; “This continuous growth throughout the travel industry is encouraging and something we all counted on.”

Learn more about : FCM Travel Solutions ( Asia Pecific )

below social share icons

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

Philippine Airlines (PR), also known as PAL, is the Filipino flag carrier. The company started their operations in February 1941,...

Hilton is a leading global hospitality company with a portfolio of 22 world-class brands comprising nearly 7,300 properties and more than 1.1 million rooms, in...

The Paris 2024 Organising Committee for the Olympic and Paralympic Games is responsible for planning, organising, financing and delivering the...

The Detroit Metro Convention & Visitors Bureau (DMCVB) is the only organization that promotes metro Detroit regionally, nationally and...

City Cruises is a leading operator of sightseeing, dining and charter services operating in London, York and Poole. We offer...

The Florida Keys and Key West is a 126 mile long string of Islands connected to South Florida by the...

The Oregon Tourism Commission, dba Travel Oregon, works to enhance visitors’ experiences by providing information, resources and trip planning tools...

Central Florida’s Polk County is conveniently located between Orlando and Tampa, and an easy drive to Central Florida attractions and...

Global Hotel Alliance brings together a unique collection of independent hospitality brands for GHA DISCOVERY, a multi-brand loyalty programme. GHA...

Offering the most powerful portfolio in the industry, our 30 brands and 8,000+ properties across 139 countries and territories give...

SOUTH AUSTRALIA. FOR THOSE WHO WANT A LITTLE MORE. South Australia. It’s a beautiful place. A place for the restless,...

Welcome to Qatar Airways Qatar Airways is proud to be one of the youngest global airlines to serve all...

Via Croatia is a concierge-type, full-service luxury DMC working exclusively with travel agents and luxury tour operators. With 20 years...

Here at Elegant Resorts, luxury travel is in our DNA. True pioneers in the industry, we were the first specialist...

We work with reliable data providers with global coverage, that guarantee data representativeness as well as compliance with International Personal...

From the Tel Aviv beach scene to the shores of the Dead Sea, Israel layers diverse cultures, outdoor adventures, and...

Arival advances the business of creating amazing in-destination experiences. We provide events, insights, and community for creators and sellers of...