The subsequent wave of speedy transformation might even see some aviation markets triple in dimension within the subsequent decade in response to knowledge from OAG in its newest trade report ‘Middle East Aviation: Transformation, Growth and Future Challenges’ however there are nonetheless new challenges forward.
The report has been launched to coincide with this week’s Arabian Travel Market (ATM) and highlights future developments set to unfold on this planet’s sixth-largest market, which signify potential disruption and intensified competitors within the years to come back.
Key Highlights Include:
- New airways, elevated mobility and large infrastructure developments will result in a interval of speedy progress and transformation.
- A reducing of airfares as elevated capability and new entrants create a shoppers’ market.
- Passenger loyalties might be examined as airways compete for everybody’s enterprise.
- New Saudi Arabia primarily based airways will carry improved ranges of connectivity to the nation and area.
- A tough provide market and a fierce aggressive response will problem formidable passenger targets.
Middle East aviation has skilled astounding progress with the fastest-growing nation markets together with Qatar (12.5% AAGR), United Arab Emirates (9.3%) and Saudi Arabia (6.5%). With airline capability of 718bn ASKs in 2024 in comparison with 124bn in 2000, progress is about to proceed as this thrilling market now enters its subsequent part, bringing each speedy progress and market complexity.
Visionary funding in Saudi Arabia has set in movement the creation of latest service trade sectors, which ought to see the nation carry airline passenger volumes in step with different regional markets. Whilst the goal is formidable, attaining such a quantity is turning into more and more difficult because the aviation sector faces a collection of provide challenges.