IATA releases April assessment of premium and economy travel

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Written by Linda Hohnholz

IATA’s assessment of premium and economy travel in April was released. In summary, keypoints found:

Premium travel was up 3.8% in April year-on-year, an acceleration on March growth of 1.9%;

IATA’s assessment of premium and economy travel in April was released. In summary, keypoints found:

Premium travel was up 3.8% in April year-on-year, an acceleration on March growth of 1.9%;

Demand drivers have been wavering over recent months, but now appear to be stabilizing;

Advanced economies continue to see stronger improvements than emerging markets;

But May data shows that recent declines in business activity in China could now be reversing;

Route-level results indicate a pick-up in the Far East market, which rose 7.2% in April, compared to 1.6% in March;

Markets connected to the Middle East also performed strongly, but this is in line with performance so far this year;

Gulf economies are recording strong increases in business confidence with robust performance of non-oil producing sectors;

This supports demand growth on markets like Far Eastโ€“Middle East (11.5%), Europeโ€“Middle East (8.6%) and Africaโ€“Middle East (12.3%);
The outlook for premium travel is positive, with business confidence showing a small rise in May after slowdown prior months.

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Linda Hohnholz

Editor in chief for eTurboNews based in the eTN HQ.

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