Trend 1: Growth in air travel

¹ Source: Airbus

Emerging market middle classes are driving growth in air travel

Less than 20% of the global population have ever been on an aeroplane¹Each year, 150 million people in Asia travel for the first time¹Asia is set to account for around 50% of incremental air traffic over the next 20 years¹

Air travel is a secular growth industry, supported by Asia’s emerging middle class

As at 2018. GDP: gross domestic product. Sources: CIA World Fact Book (Annual number of flights per capita) and World Bank (GDP per capita)

China's domestic air travel is almost at pre-COVID levels with signs of strong pent-up demand

Online travel agencies

Hotel operators

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