Middle East airline passenger numbers predicted to grow by 7% in 2018

The report also revealed that Middle East airlines will see net profits doubling to US $600 million (AED 2.2 billion) in 2018

Arabian Travel Market.
Arabian Travel Market.

Middle East passenger numbers are forecasted to climb by 7% in 2018, according to the International Air Transport Association (IATA).

According to UK’s Institute of Internal Communications president Alan Peaford, the aviation industry is thriving despite lower oil prices.

“Even with regional uncertainties aviation continues to grow. The Arab air transport market grew by 9.9% in the past year, according to the Arab Air Carriers Organisation (AACO) at its 2017 AGM,” Peaford said.

Did you like this story?
Click here for more

Aviation will feature heavily at the Arabian Travel Market (ATM) 2018 that will held from April 22 - 25 at the Dubai World Trade Centre. Peaford, who will be moderating sessions at ATM, said growth figures like these will support lively debates at ATM 2018 and should provide an element of cautious optimism.

IATA figures also revealed that Middle East airlines will see net profits doubling to US $600 million (AED 2.2 billion) in 2018, double what they are estimated to make this year. Passenger capacity is also estimated to rise by 6.6% this year and a further 4.9% increase is predicted for 2018, the statement added.

According to research provider BNC Network, the total value of 152 active aviation-related projects in the Middle East reached $57.7 billion (AED 211.8 billion) at the end of April 2017.

In the GCC countries, Saudi Arabia accounted for the largest share of project value (46% of the GCC’s total), followed by the UAE (26%), and Kuwait (12|%).

Arabian Travel Market (ATM) 2018 will be held from April 22 to April 25, 2018 at the Dubai World Trade Centre.

For all the latest hospitality news from UAE, Gulf countries and around the world, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page.

Most Popular

Newsletter

Reports

Human Capital Report 2017

Human Capital Report 2017

The second annual Hotelier Middle East Human Capital Report is designed to explore the issues, challenges and opportunities facing hospitality professionals responsible for the hotel industry’s most important asset – its people. The report combines the results of Hotelier Middle East's HR Leaders Survey with exclusive interviews with the region's senior human resources directors.

Hotelier Middle East Housekeeping Report 2016

Hotelier Middle East Housekeeping Report 2016

The Hotelier Middle East Housekeeping Report 2016 provides essential business insight into this critical hotel function, revealing a gradual move towards the use of automated management and a commitment to sustainability, concerns over recruitment, retention and staff outsourcing, and the potential to deliver much more, if only the industry's "image problem" can be reversed.

From the edition

From the magazine