Industry Analysis & Industry Trends
Over the five years to 2016, revenue for the Airports industry in China has been growing at an annualized rate of 10.1%, driven by the rapid development of the Chinese economy. Cultural exchange campaigns between China and other countries also contributed to revenue growth. However, affected by the continued global economic slowdown and fiercer competition from high-speed railways, growth is expected to slow ito 8.3% in 2016.
The Airport industry in China is sensitive to general economic conditions and passenger volumes. Some short-distance airline services may be seen as non-essential, as cheaper substitutes are often available.... purchase to read more
Industry Report - Industry Locations Chapter
By the end of 2016, ACMR-IBISWorld anticipates that there will be 218 airports with scheduled passenger flights across China (excluding Hong Kong and Macao). However, the scale of airport operations varies considerably from region to region and is generally proportional to air passenger numbers. Geographic distribution of the industry largely reflects economic development levels, population size, tourism resources, and competition from local road and railway transportation.
As a high-end transportation mode, air passenger transport is highly concentrated in cities with large populations and well-developed economies. Airports in Beijing, Guangdong, and Shanghai, jointly account for about 43.1% of total industry revenue. Eas.. purchase to read more