News
Growth continues in air travel sectors
14 January 2008
The Civil Aviation Authority (CAA) has released its 2007 passenger survey, revealing that there was continued strong growth in various sectors last year.
Business travel, which accounts for 12% of all passengers, and leisure travel to visit friends and relatives, which comprises 15% of the market, were among the expanding sectors last year.
Both of these sections of the industry saw passenger numbers continue to increase at or above the historic growth rate of 6% per year for total traffic.
The CAA also researched the types of people who were most likely to take flights last year, with individuals in households with total earnings over £115,000 likely to take 60% more trips abroad than those earning less than £40,000.
Ownership of property abroad was also thought to be an influencing factor, increasing the number of trips made by an individual in a year by around 55%.
Commenting on the future of air travel, Dr Harry Bush, CAA director of economic regulation, said: 'Demographic changes and ownership of homes abroad are…likely to buttress air travel demand, although relatively small changes in frequency of leisure travel between mid and higher levels of income suggest demand growth is constrained to some extent by factors other than income, such as availability of leisure time.'
Opodo cheap flights and hotels - let the journey begin!
© Adfero Ltd
Business travel, which accounts for 12% of all passengers, and leisure travel to visit friends and relatives, which comprises 15% of the market, were among the expanding sectors last year.
Both of these sections of the industry saw passenger numbers continue to increase at or above the historic growth rate of 6% per year for total traffic.
The CAA also researched the types of people who were most likely to take flights last year, with individuals in households with total earnings over £115,000 likely to take 60% more trips abroad than those earning less than £40,000.
Ownership of property abroad was also thought to be an influencing factor, increasing the number of trips made by an individual in a year by around 55%.
Commenting on the future of air travel, Dr Harry Bush, CAA director of economic regulation, said: 'Demographic changes and ownership of homes abroad are…likely to buttress air travel demand, although relatively small changes in frequency of leisure travel between mid and higher levels of income suggest demand growth is constrained to some extent by factors other than income, such as availability of leisure time.'
Opodo cheap flights and hotels - let the journey begin!
© Adfero Ltd
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