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When, how will air travel recover?
Oped, Alexey Semakov & Allan Schulte, Published on 06/07/2023
» Global commercial air travel demand reached 90% of pre-Covid levels in May 2023, according to Bain & Company's Air Traffic Demand Forecast Model. A complete rebound is anticipated in the first half of 2024, primarily driven by the resumption of Chinese air travel. However, current recovery trends may be dampened by the evolving macroeconomic environment. A potential recession and rising inflationary pressure could adversely affect leisure travellers' disposable income in the next two years and delay full air travel recovery.
Indonesia has strode ahead in digital banking: how can Thailand do the same?
Guillaume de Gantès, Sonia Barquin & Alexey Korkmazov, Published on 19/05/2023
» Digital banking is at a crossroads in Thailand. A small but not insignificant part of Thailand’s population is underserved by banks—as of 2021, research shows that banking penetration stands at 85 percent. Digital adoption in Thailand is high, with smartphones seeing 106 percent penetration and digital banking being used by 90 percent of customers who have bank accounts. But digital banking offerings are limited, with either digital banking extensions of large existing banks or digital players specialising in only certain aspects of banking such as lending or payments, leaving ample room for the growth of full-fledged digital banks.