Industry Analysis & Industry Trends
In the five years through 2014, revenue for the Airport industry in China has been growing at an annualized rate of 9.6%, driven by the rapid development of the Chinese economy. Cultural exchange campaigns between China and other countries also contributed to revenue growth. However, growth is expected to slow be below average in 2014, as the continued smogt in large cities like Beijing is severely affecting the operations of airlines nationwide. Competition from high-speed rail is also suppressing demand for airlines, considering its lower price and convenience.
The industry has changed significantly over the past five years.... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years through 2014, revenue for the Airport industry in China has been growing at an annualized rate of 9.6%. Domestic demand has been driven by increased personal income as people spend more on traveling, including education and training abroad.
Industry revenue growth was slow in 2008. In the first half of the year, the snow disaster in southern China, an earthquake in Sichuan province and high oil prices all had adverse effects on air transport. In the second half of 2008, the global recession and stricter security checks due to the Beijing Olympic Games led to declining volumes of domestic and international passengers and falling industry demand... purchase to read more