India remains fastest growing domestic air market
The Indian domestic air travel market remains the fastest growing in the world, according to new data from the International Air Transport Association (IATA).
Demand for domestic flights in India jumped 27.4% year-on-year in March 2016, in revenue passenger kilometre (RPK) terms. By contrast, the second fastest-growing major market, the US, expanded 4.1% in March and domestic air travel in China increased just 3.3%.
India’s growth is being propelled by the comparatively strong economic outlook and sizeable increases in seat capacity. The number of available seats on India’s domestic airlines increased 21.7% in March 2016, and average load factor jumped 3.7 percentage points to 83.1% – the highest of any major global market except the US (85.4%).
The average flight frequencies within India are scheduled to increase by 11.5% in 2016. India now accounts for 1.2% of global air traffic – similar to Japan and slightly behind Russia and Brazil.
The global domestic air passenger market expanded 3.7% in March 2016, a dramatic slowdown from the leap year-aided 7.8% growth recorded in February.
News Source: traveldailymedia .com
You might also like
The Fern Silvanus Resort – Alibagh
The Fern Hotels & Resorts is pleased to announce the opening of The Fern Silvanus Resort, Alibaug, a premium Resort surrounded by densely forested hills. The resort offers 34 spacious
FM once again disappoints Travel Trade: TAAI
The Hon’able Finance Minister Mrs. Nirmala Sitharaman, today in her Budget speech once again ignored the Travel Trade in India. Travel Agents Association of India (TAAI), which had sent pre-budget
LICEC wins National Tourism Award for fourth time
Leonia International Centre for Exhibitions & Conventions (LICEC) located at Leonia Holistic Destination, Hyderabad has won the prestigious National Tourism Award 2015-2016 as the ‘Best Standalone Convention Centre’ in India.
