The following is the China’s air passenger traffic did not rise significantly during the 2021 Spring Festival From IATA recommended by recordtrend.com. And this article belongs to the classification: original, Tourism economy.
The Chinese New Year is one of the most important festivals in China, and it is also traditionally the festival with the largest number of people migrating every year in the world. Although the increase in passenger flow supports the airline’s passenger income, it is not like the summer when people usually take a vacation. In February 2019, the passenger transport revenue (excluding accessories and taxes) of China’s domestic market is about US $5.8 billion, accounting for about 9% of the total annual revenue of the market.
As the Spring Festival approaches, the surge in the number of people infected with cowid-19 means that this year’s celebrations will be virtual, with the government encouraging Chinese citizens to avoid vacations and businesses offering extra pay to workers to stay where they are. These measures have a significant impact on passenger demand. The figure above compares daily passenger traffic in 2019 and 2020 with data from 2021 to date. On February 9, passenger traffic in the Chinese market (domestic + International) was 69% lower than at a similar stage (before the holiday).
China has recovered rapidly from the crisis, which means that China’s domestic market share has doubled to 20% of the global RPK, making it the largest domestic aviation market in 2020. However, the global pandemic situation is still grim, which may have a significant impact on China’s international tourism demand in February.
More reading: IATA: air passenger demand plummets due to travel restrictions in March 2020 IATA: global air passenger volume is expected to drop by 50% in March 2020 compared with last year IATA: global air passenger demand plummets by 91.3% in May 2020 Outstanding performance of China’s domestic passenger transport market IATA: it is estimated that the global air passenger transport volume will reach 8.2 billion person times in 2037 IATA: it is estimated that the global air passenger transport volume will reach 7.8 billion person times in 2038 IATA: China’s air passenger traffic volume is expected to rank first in the world in 2022 CNNIC: Residents’ demand for tourism continues to increase, and mobile travel booking users increase by 56.4% annually IATA: social distance requires aircraft passenger carrying rate to be reduced to 62% Boyd Group: it is estimated that the air passenger traffic volume between China and the United States will decline by 20% in 2020. It is estimated that the air passenger traffic volume of China may exceed 600 million in 2018. CAAC: the air passenger traffic volume of q1-q3 in 2017 will increase by 12.5% year on year. Cirium: the global air passenger traffic volume will plummet by 67% in 2020 Passenger volume drops to the level of 21 years ago IATA: share prices of global airlines rise by 7.7% in January 2019 IATA: total revenue of global airlines in 2017 is $754 billion IATA: share prices of global airlines remain stable in February 2019
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