Aviation

Emerging economies to lead aviation market

DELHI

Propelled by rising wealth and changing consumer habits, China, India and other emerging economies like Russia and Brazil would lead the growth in the global aviation market over the next decade, a latest study has said.

The study on travel industry trends, carried out by Oxford Economics and commissioned by Amadeus, also predicts that China would overtake the largest outbound market of the United States this year itself.

The Oxford Economics-Amadeus report shows that Asia would drive a decade of sustained growth for the global travel industry, which would grow by 5.4 per cent per annum over the next decade, outpacing global GDP which would grow by little over three per cent.

Full report here Financial Chronicle

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