Tag: China air traffic
China to emerge as the world’s largest air travel market by 2020
Despite its recent economic slowdown, air travel demand in China remains high and the country is expected to become the world’s largest air travel market by 2020, according to Beroe Inc., a procurement intelligence firm. Meanwhile, global airline prices are expected to grow by 2.6 per cent with an increase in oil prices, competitive pressure from the shortage of pilots, potential trade wars, and increasing fare segmentation to improve yield. “Chinese economy witnessed a recent slowdown, but is expected to remain the largest business travel market, with a sustained high growth rate. However, growing trade tensions between China and the ... Read more