Competition & Disruption Set to Intensify as Middle East Aviation Enters Next Wave of Transformation
06 Mayo 2024 - 1:00AM
Business Wire
According to latest OAG Report
The next wave of rapid transformation may see some aviation
markets triple in size in the next decade according to data from
OAG in its latest industry report ‘Middle East Aviation:
Transformation, Growth and Future Challenges’ but there are
still new challenges ahead.
The report has been released to coincide with this week’s
Arabian Travel Market (ATM) and highlights future
developments set to unfold in the world’s sixth-largest market,
which signify potential disruption and intensified competition in
the years to come.
Key Highlights Include:
- New airlines, increased mobility and massive infrastructure
developments will lead to a period of rapid growth and
transformation.
- A lowering of airfares as increased capacity and new
entrants create a consumers’ market.
- Passenger loyalties will be tested as airlines compete
for everyone’s business.
- New Saudi Arabia based airlines will bring improved levels
of connectivity to the country and region.
- A difficult supply market and a fierce competitive response
will challenge ambitious passenger targets.
Middle East aviation has experienced astounding growth with the
fastest-growing country markets including Qatar (12.5% AAGR),
United Arab Emirates (9.3%) and Saudi Arabia (6.5%). With airline
capacity of 718bn ASKs in 2024 compared to 124bn in 2000, growth is
set to continue as this exciting market now enters its next phase,
bringing both rapid growth and market complexity.
Visionary investment in Saudi Arabia has set in motion the
creation of new service industry sectors, which should see the
country bring airline passenger volumes in line with other regional
markets. Whilst the target is ambitious, achieving such a number is
becoming increasingly challenging as the aviation sector faces a
series of supply challenges.
Download full report here.
About OAG OAG is the leading
data platform for the global travel industry, powering the growth
and innovation of the air travel ecosystem. It has the world’s
largest network of flight information. In 2023, OAG acquired
Infare, the leading provider of competitor air travel data,
empowering airlines and other travel industry players to make
effective pricing decisions. Headquartered in the UK, with
operations in the USA, Denmark, France, Germany, Singapore, Japan,
China, and Lithuania.
For more information, visit oag.com
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