IATA study projects massive increase in air travel by 2017

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Created on Tuesday, 07 January 2014 14:58

Written by Editorial staff

Are you thinking about organising immigration visas and jetting off overseas? If so, you're not alone.

All over the world, airlines are expecting an influx of passengers over the next four years. That's according to the latest study from the International Air Transport Association (IATA), which reveals that passenger numbers are projected to jump an impressive 31 per cent by 2017.

The IATA Airline Industry Forecast 2013-2017 shows that as many as 3.91 billion passengers could be taking to the skies by 2017.

To give you some perspective, that's 930 million more passengers than recorded in 2012, when a smaller (but still impressive) 2.98 billion people opted for air travel.

The study also demonstrates that demand for air travel is expected to climb at a compound annual growth rate of 5.4 per cent over the forecast period. This constitutes a vast improvement on the compound annual growth rate of 4.3 per cent recorded between 2008 and 2012.

According to the IATA Airline Industry Forecast 2013-2017, the cause of this low compound annual growth rate was most likely the Global Financial Crisis (GFC) in combination with the recession experienced by many countries during this time.

So the fact that passenger numbers are expected to increase over the coming four years may indicate that we're (hopefully) headed for a period of economic prosperity, where more people are willing to enter new markets and try out living or working in new countries.

If you would like to make Australia your destination, you might want to get in touch with migration agents in this country. They can give you a breakdown of the visas available and help you understand which one will best suit your current and future needs.

Judging by the IATA's facts and figures, a large number of people could be making Australia and other countries in the Asia-Pacific region their temporary or permanent home in the next few years.

The study reveals that both the Middle East and Asia-Pacific regions, which it deems "emerging economies", will experience the "strongest international passenger growth" between now and 2017.

And, of course, China is also projected to play a major role in this increase of air travel. The routes within and connected to this economy are expected to account for 24 per cent of all new passengers over the forecast period.

Do you want to be one of these new passengers? Then get in touch with Australian migration agents today!