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Airfares in Asia-Pacific and Middle East surged as nations emerged from pandemic-related restrictions, according to the Airports Council International (ACI) Asia-Pacific’s latest Airport Industry Outlook.
Welcoming the Government of China’s decision to reopen border with quarantine-free travel, Airports Council International (ACI) Asia-Pacific reiterated its calls for consistent and harmonised approach from the Governments in response measures towards managing inbound travel.
In spite of the global macroeconomic headwinds and geopolitical instability, the aviation industry has maintained its consistent recovery providing a positive outlook for the year ahead, according to the ACI Asia-Pacific's Airport Industry Outlook, a quarterly assessment of the airports' performances.
Airports Council International (ACI) Asia-Pacific, representing 617 airports, welcomes the decisions by Governments of Japan, Hong Kong and Chinese Taipei to relax COVID-related restrictions on international travel.
China's tougher border measures and Japan's cautious approach towards relaxation of inbound travel restrictions could displace Asia-Pacific as the world's largest air passenger market for the year 2022. Asia-Pacific which has dominated the civil aviation market for several years prior to the pandemic, is estimated to finish second, behind Europe in terms of passenger share, and at a comparable level with North America.
There has been cautious sense of optimism for the aviation sector following the relaxation of travel restrictions and successful vaccination programmes in many parts of Asia-Pacific and the Middle East, according to the Airports Council International (ACI) Asia-Pacific’s Industry Outlook.
Despite considering the Government of Japan’s decision to remove border measures imposed in the Country in response to the COVID-19 pandemic as a positive step, ACI Asia-Pacific recommends the Government for a complete removal of international air travel restrictions, indicating that the industry cannot fully recover amid curbs.
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.
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