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Future Travel Trends Between Different Countries - Essay Example

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This paper gives information that globalization coupled with increasing urbanization and liberalization in developing countries will go a long way in determining the shape of the future network. Following is a brief insight into the predicted trends of travel…
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Future Travel Trends Between Different Countries
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Download file to see previous pages in the largest submarkets registering 12.3% and 8.2% growth rates respectively.Intraregional travel seems more promising that international travel for Asians. International traffic is slated to grow at 6.1% during the next decade and is likely to slow down to 5.5% over the 2015-2025 period.1
NORTH AMERICA: North America remains the most mature and the largest market in terms of traffic volume. Since it is a mature market the twenty years growth estimates are lower than the world average. However, the market was occupied an important position because of the sizeable volume of traffic flows. International travel prospects are more promising than interregional, therefore the passenger fleet size will enlarge to 7402 units in 2025 from its current size of 4133 units(in 2005).2
LATIN AMERICA AND CARRIBEAN: Agreement between Brazil, Argentina, Chile, and Peru allows for a level of fifth freedom rights.ElSalvador, Guatemala, Honduras, and Nicaragua have moved a step closer to a single Central American Aviation market with an agreement that calls for more relaxed customs and immigration controls. Traffic growth projections for Latin America, for the review period, are higher than the world average of 5.3%.The annual average rate for interregional traffic is anticipated to be 6.1%.3
EUROPE: Interregional traffic within Europe will remain the second most significant flow accounting for nearly 12% of the total world’s traffic within that region. In 2005 Transatlantic load factor stood close to 83%.European traffic growth forecast stands at 4.8% equally the world annual growth rate. International traffic growth is likely to be robust. Therefore Europe’s passenger fleet will double by 2025.4
CIS: International traffic flows from CIS will see a 6.8% increase, marginally above the world average rate. Russia dominates the aviation market landscape in CIS. ...Download file to see next pagesRead More
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