Economic growth in BRIC countries fuels increase in demand for air travel and airport services, Report Buyer reveals

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New report: Global Airports Survey 2013–2014: Market Trends, Buyer Spend and Procurement Strategies in the Global Airports Industry

According to the report ‘Global Airports Survey 2012–2013: Market Trends, Buyer Spend and Procurement Strategies in the Global Airports Industry’ 52% of respondents across the global airports industry are ‘more optimistic’ about revenue growth for their companies in 2013. This is due to consolidation in the industry, the inclusion of various ancillary revenue sources, and airport expansion programs, all of which are projected to increase the profitability and cost performance of airport operators in 2013.

Overall, both groups of respondents identified China, Brazil, the Middle East, India, and Russia as the most important regions for growth among emerging markets. The increase in demand for air travel services in these regions has been fuelled by a number a factors, with some notable contributors including world-leading economic growth, privatisation of airports, expansion of business activities into emerging markets, changing consumer preferences, and increasing disposable incomes. These factors are also expected to increase the demand for airport infrastructure and other support services; for example, passenger traffic at airports in Asia Pacific region registered a 5.1% annual growth during September 2012, and this trend is expected to continue in 2013.

View: ‘Global Airports Survey 2012–2013: Market Trends, Buyer Spend and Procurement Strategies in the Global Airports Industry’

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Joe Walsh
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