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As the world journey and tourism neighborhood prepares to collect in Dubai for the Arabian Travel Market (ATM) 2022 from May 9 to 12, there’s bullish information for the Middle East’s aviation business. Data from analysis agency Mordor Intelligence say the Middle East aviation business will develop at compound annual development fee (CAGR) of greater than 6% throughout the interval 2022-27.
Although the restoration estimated for worldwide passenger site visitors is gradual, Mordor Intelligence exhibits that the Middle East’s personal and home aviation segments remained resilient throughout the pandemic and are persevering with to show indicators of development. Danielle Curtis, Exhibition Director ME – Arabian Travel Market, stated: “The newest market evaluation means that finances carriers corresponding to Air Arabia Abu Dhabi and Wizz Air Abu Dhabi will drive demand for brand new narrow-body plane throughout the coming years.
“The Middle East’s aviation sector has also witnessed high demand for private travel during recent years, thanks to corporations and high-net-worth individuals (HNWIs) opting for business jet and helicopter journeys during the pandemic,” she added.
“As such, the Middle East’s aviation sector will represent a major focus at ATM 2022, thanks to a dedicated session on the ATM Global Stage, plus a number of related events and forums throughout the event. We also look forward to exploring long-term opportunities related to the future of transport,” she added.
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