A week for travel industry news

Welcome during the week (back).

I am grateful that I was able to take a week of annual leave because I had restrictions on leaving home this year. The question for people working in the travel, tourism and hospitality industries is whether the process is easy and quick enough to avoid scarring in the long run. This week you can preview it.

First, there are the airlines. Now is not a good time to be in the industry. Qantas When Air New Zealand This will certainly be clear when they publish their quarterly and annual earnings respectively. Given concerns about climate change, the future does not look very bright.

But hope is born forever in the area. Gatwick Airport, UK’s second largest airport this week Suffering terribly As such, start an expansion campaign. The government hopes to support plans to convert the second runway, which is currently only used in emergencies, into a permanent facility that adds 55,000 flights per year.

Another indicator of the future is consumer confidence data, first from the EU, then from Germany, France and Norway, and gross domestic product estimates for the German and US quarters. The British government (With a bit of luck) By updating the signaling system for overseas travel, it helps some clarification.

What do you think of the economic situation in the coming months? Please contact me at [email protected]..

Business

One of the groups behind this week is Haze, a recruiting company that publishes its annual results on Thursday. The recovery of employment in the United Kingdom, the internal market, Source of hope Expectations after the haze are high in the melancholy of Covid-19 not only in this group but in the economy as a whole Reported a 39% increase in net fees During this fourth quarter. Since consultants are paid on commission and need a job to fulfill new contracts, special attention is paid to the cost of growing this business. During the pandemic, Haze reduced its cost base by 13%. The question now is whether he succeeded in making this stick.

Economic data

The main economic statistics released this week are IHS Markit’s monthly purchasing managers index reports covering France, Germany, the Eurozone, Japan, the United Kingdom and the United States. Although not official data, the international nature of PMI calculations makes them a useful tool for comparing the relative economic developments of these countries.

Finally, a plugin for this week’s Financial Times special event. Join FT correspondents and guests to discuss the collapse of Afghanistan. And after? Register with the FT subscriber Online seminar Wednesday, August 25, 3:30 p.m. CET / 2:30 p.m. BST / 9:30 a.m. EDT.

Main economic and corporate reports

Here’s a more comprehensive list of what to expect in terms of this week’s business reports and economic data:

On Monday

• EU and European Commission shine a light on consumer confidence figures

• France, euro zone, Germany, Japan, United Kingdom, United States: IHS Markit Composite Purchasing Managers’ Index (PMI) data

• UK, Monthly CBI Industry Trends Survey

• United Kingdom, Office for National Statistics Household income, Expenditure, Asset data

Tuesday

• Germany, second quarter GDP growth

• US Department of Commerce July Home Sales

• State Street Monthly Investor Confidence Index, United States

• Results: Best Buy Q2, Polyus Q2, Pure Tech H1, Wood H1

Wednesday

Thursday

• Germany, GfK Monthly Consumer Confidence Survey

• Nigeria, Q2 GDP figures

• Russia, inflation outlook

• UK, Car Manufacturers and Traders Association Monthly car production

• Bank of England Capital Issuance Data

• United States, Bureau of Economic Analysis, US Department of Commerce, Second Quarter GDP Estimate

• First unemployment claim in the United States

• Results: Air New Zealand FY, Bouygues H1, Brunello Cucinelli Q2, CRH H1, Del Technologies Q2, Haze FY, HP Q3, Polymetal International H1, TCS Group Q2

Friday

• China, monthly data on real estate in Hong Kong

• Consumer confidence at the National Institute of Statistical Economics, France

• Norway, monthly consumer confidence

• Result: Lukoil Q2

Global events

Finally, we’ll give you an overview of the other highlights and events of the week.

On Monday

• UK, deadline for first dose of Covid-19 vaccine every 16 and 17 in UK

• 25th anniversary of bin Laden’s declaration of war on the United States

Tuesday

• Japan, Tokyo 2020 Paralympic Games start

• U.S. Vice President Kamala Harris visits Singapore and launches Southeast Asia tour to strengthen U.S. regional leadership

• Kathy Hokul, United States, to be the first woman to lead New York after Andrew Cuomo resigns

• United Nations Security Council meeting to discuss Syria’s political and humanitarian issues

• UN Human Rights Council to hold special meeting on Afghanistan

Wednesday

• Start of the International Beetle Week festival in Liverpool, UK

• UN Security Council discusses Iraqi mission and North Korean sanctions

Thursday

• Election results for the new General Secretary of Unite the Union, the UK’s largest donor to the Labor Party

• The latest information on the UK and government overseas travel reporting system

• UK Home Office publishes immigration statistics

Friday

• Jackson Hall Annual Economic Symposium for Central Bankers in the United States. Due to the risk of Covid-19, he was demoted to a one-day virtual event last week.

• The UK, Reading and Leeds music festivals are about to begin. Both are exhausted.