Posted On 2017/10/30 By In Airlines, China Domestic, China Inbound, News, China Outbound With 103 Views

China to exceed US as World’s viggest Aviation Market by 2022

China’s aviation market is growing faster than expected and will overtake the United States as the world’s biggest by 2022, says the International Air Transport Association.

“The point at which China will displace the United States as the world’s largest aviation market (defined as traffic to, from and within the country) has moved two years closer since last year’s forecast,” IATA says.

“We now anticipate this will occur around 2022, through a combination of slightly faster Chinese growth and slightly reduced growth in the US.

“The UK will fall to fifth place, surpassed by India in 2025, and Indonesia in 2030. “Thailand and Turkey will enter the top ten largest markets, while France and Italy will fall in the rankings to 11th and 12th respectively.”

IATA predicts global passenger numbers will almost double to 7.8 billion by 2036 based on a 3.6% average Compound Annual Growth Rate (CAGR). It says 4 billion commercial aircraft passengers are expected this year.


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Article: Travel Trends / Image: Chris

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Daniel

Spanning a career of over 25 years in hospitality, and non-profit organizations, Daniel has a proven track record in training and development of people across the spectrum. His expertise in human resources and as President / CEO of a nationwide non-profit gave him a strong foundation in cultural diversity and conflict resolution. Honored as one of the most influential executives under 40 in 2003, Daniel meshes his background in HR training and hospitality management by leading BMG's Global Ready China Seminars.

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