Airports Council International Asia-Pacific & Middle East (ACI APAC & MID) today announced its highly anticipated Air Connectivity Ranking 2024, revealing a remarkable 14% year-on-year increase in both Asia-Pacific and Middle East regions, driven by strong international demand, robust network recovery, and the return of major travel corridors.
Asia-Pacific and the Middle East aviation industry is experiencing green shoots of recovery, according to the first edition of the Airport Industry Outlook, a quarterly report by Airports Council International Asia-Pacific (ACI APAC). The report, developed in partnership with Mott MacDonald — a global engineering, management and development consultancy— provides a snapshot of how airports in the region have performed during the first quarter of 2022 (Jan to March). This analysis also sheds light on two recurring themes which are currently impacting the industry — COVID-19 pandemic and the geo-political conflict.
ACI Asia-Pacific today reiterated calls for globally consistent and harmonised testing protocols following the release of year-end figures showing higher than forecasted losses for the Asia-Pacific and Middle East airport sector.
ACI Asia-Pacific welcomes the implementation of a quarantine-free travel bubble between Hong Kong SAR and the Republic of Singapore. The arrangement, open to all types of travelers, is a much-needed progressive step towards recovery of the sector.
ACI Asia-Pacific released preliminary traffic data from 18 airports in major aviation markets in Asia-Pacific and the Middle East showing year-over-year passenger traffic decline hit -95% by the middle of April. Initial signals of recovery were reported from China with a gradual resumption of its domestic traffic and, to a lesser extent, from South Korea.
ACI Asia-Pacific warns the prolonged duration of the COVID-19 outbreak will significantly set back the region’s airports from previously forecasted growth prospects.
Asia-Pacific and Middle East airport revenues are under tremendous pressure two months into 2020 amidst the impact of the COVID-19 outbreak, despite moderate growth in 2019.
Passenger traffic was steady in Asia-Pacific and the Middle East during November 2019, compared to the same month of the previous year, at +2.4% and +6.6% respectively.
Passenger traffic in Asia-Pacific and the Middle East recorded growth in October at +1.1% and +5.2% respectively. China’s passenger traffic grew modestly in October, reflecting signs of easing especially in the domestic sector.
Passenger traffic in Asia-Pacific and the Middle East recorded growth in September at +2.0% and +2.2% respectively. In China, both the international and domestic sectors showed signs of improvements, likely benefiting from an increase in vacation travels during public holidays.
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