As the global travel and tourism community prepares to gather in Dubai for the Arabian Travel Market (ATM) 2022 from May 9 to 12, there is bullish news for the Middle East’s aviation industry.
Data from research firm Mordor Intelligence say the Middle East aviation industry will grow at compound annual growth rate (CAGR) of more than 6% during the period 2022-27.
Although the recovery estimated for international passenger traffic is gradual, Mordor Intelligence shows that the Middle East’s private and domestic aviation segments remained resilient during the pandemic and are continuing to display signs of growth.
Danielle Curtis, Exhibition Director ME – Arabian Travel Market, said: “The latest market analysis suggests that budget carriers such as Air Arabia Abu Dhabi and Wizz Air Abu Dhabi will drive demand for new narrow-body aircraft during 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.
Source: Travel Daily
