We are pleased present
you IATA's assessment of premium and
economy travel in April.
Key points:
· Premium travel was up
3.8% in April year-on-year, an acceleration on March growth of 1.9%;
· Demand drivers have
been wavering over recent months, but now appear to be stabilizing;
· Advanced economies
continue to see stronger improvements than emerging markets;
· But May data shows that
recent declines in business activity in China
· Route-level results
indicate a pick-up in the Far East market,
which rose 7.2% in April, compared to 1.6% in March;
· Markets connected to
the Middle East also performed strongly, but
this is in line with performance so far this year;
· Gulf economies are
recording strong increases in business confidence with robust performance of
non-oil producing sectors;
· This supports demand
growth on markets like Far East–Middle East (11.5%), Europe–Middle East (8.6%)
and Africa–Middle East (12.3%);
· The outlook for premium
travel is positive, with business confidence showing a small rise in May after
slowdown prior months.
View full
report (pdf)
