The China Market And Its Likely Impact On Latin American Aviation And Travel
China’s massive population is spreading its wings as its economy rapidly expands. Outbound tourism numbers are increasing at an unprecedented rate, with several hundred million Chinese tourists expected to be exploring further and further afield as air services grow and access restrictions are lifted. In step with this growth, China’s airlines are adding service into new markets on an almost daily basis. They are both following and leading the tourism boom, often adding capacity well ahead of demand. There are some 30 Chinese airlines with long haul aircraft in their usually young fleets, with the support of their government to explore new markets.
Most of the expansion to date has been within the Asia Pacific region. For Latin America, distance, lack of market familiarity and lower trade flows mean that the spread of Chinese travellers (beyond Mexico & Brazil) has so far been relatively limited. Over the next five years, as awareness grows and new aircraft types are introduced to fleets, the China market will offer major opportunities to airlines and to tourism bodies.
CAPA – Centre for Aviation, Executive Chairman, Peter Harbison