The year 2024 marked a new milestone for the aviation industry. Passenger traffic not only rebounded from the pandemic but also expected to have exceeded pre-pandemic levels, signaling a new era of growth. Asia-Pacific served an estimated 3.5 billion passengers or 3% increase over 2019, while the Middle East continued its upward trajectory, reaching an estimated 443 million passengers—a remarkable 9% growth over pre-pandemic levels.
The last few years have reinforced the importance of airport ancillary revenue in the industry. For many years, the primary focus has been on direct revenue from aircraft and passenger operations. However, the spotlight is now broadening to other ancillary services such as revenue from leases, parking fees, concessionaires, and more.
Global air travel is expected to grow over the next few months. According to ICAO, the United Nations body to support diplomacy and cooperation in air transport, there has been a steady rise in RPK (Revenue Passenger Kilometers), over the last few months. With the pandemic tapering off, supposedly, and travel restrictions being eased globally, these numbers are only going to rise.
Smarter airports – it’s a description we hear a lot, but it means different things to different people. So what does it mean from a Veovo perspective?
Airport demand forecasting plays an integral role in forming an airport’s wider strategic plans for operations, infrastructure and facilities for passengers.
If ever there is an oxymoron, it’s developing and building a new airport under lockdown during a pandemic. But always up for a challenge, that’s what the aviation industry does.
We recently caught up Dr. Pierre Coutu, President of Aviation Strategies International (ASI), one of our World Business Partners, for a conversation to hear how ASI has been faring amid the pandemic.
The aviation sector and global economy have long been coping with the almost two years-old consequences of the pandemic. Thus, when Marsh committed to joining ACI Asia-Pacific as a World Business Partner early in 2021, they were happily welcomed but Jeannie Wong, Head of Communications and Events couldn’t help but ask “Why are you joining now at this juncture?”
The Moodie Davitt Report, the leading provider of business intelligence for the travel retail and airport commercial revenue sectors
Building a new airport from scratch is a multi-faceted, highly-complex endeavour. How people move around the airport is an important consideration in the process. Let’s take a closer look at what it takes to move people quickly and efficiently through one of the world’s largest airports.
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