Increased air travel to Asia Pacific a sign of higher demand growth

 

Despite a recent slowdown in trade, Asia Pacific airport traffic showed robust growth in May. Both Shanghai Pudong International Airport and Bangkok's Suvarnabhumi International Airport experienced year-on-year passenger growth of more than 22 percent in May. Bangkok's Don Mueang International Airport led the field however, with passenger growth of 49.6 percent year-on-year. 

There are also signs that corporate travel demand is strong, particularly in India, China, Singapore and Australia, the four global “hot spots”, according to the Global Business Travel Association (GBTA), which launched its 2016 Global travel Price Outlook last week.

“The top-line pricing outlook for air, hotel and ground in 2016 is surprisingly stable,” said Joseph Bates, vice-president of research at the GBTA Foundation. “When you dig deeper, the data reveal global hot spots where demand is driving air travel price increases. For 2016, India, China, Colombia, Mexico, Singapore and Australia are projected to top the list.”

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