Air passengers to rise by 28.5pc over next five years, says IATA

December 07, 2012 - 1:22:29 am
GENEVA: Airline passenger numbers are set to rise by over a quarter in the coming years to hit 3.6 billion in 2016, with China accounting for nearly one in four new travellers, the International Air Transport Association (IATA) announced yesterday.
The Geneva-based organisation said that the 28.5-percent global increase over the next five years means that airlines will carry 831 million more people in 2016 than in 2011. “Despite the current economic uncertainty, expected demand for connectivity remains strong,” said Tony Tyler, director general of IATA, which said that aviation supports 57 million jobs and $2.2 trillion (¤1.68 trillion) in economic activity.
Almost 500 million new passengers are expected to travel on domestic routes and 331 million will take international routes, IATA said in its Airline Industry Forecast 2012-2016.
And while the United States is to remain the largest air travel market over the five-year period—with 710 million domestic passengers and 223 million international travellers by 2016 -- its growth rates “will be well below” the global average of 5.3-percent for international travel and 5.2-percent for domestic routes, IATA said.
By contrast, the emerging economies of Asia-Pacific, Latin America and the Middle East will see the strongest passenger growth, the report showed, with routes within or connected to China accounting for 193 million of the 831 million new passengers by 2016.
By 2016, IATA continued, the Asia-Pacific region will represent 33 percent of global passengers, up from 29 percent in 2011 and ahead of North America and Europe, forecast to represent 21 percent.