The aviation industry in the Middle East is set to undergo a period of rapid growth and transformation, with some markets expected to triple in size over the next decade, according to the latest report from OAG. The report, titled ‘Middle East Aviation: Transformation, Growth and Future Challenges’, was released in conjunction with the Arabian Travel Market (ATM) and highlights the potential disruptions and intensified competition that lie ahead.
Key highlights from the report include the emergence of new airlines, increased mobility, and massive infrastructure developments that will drive growth in the region. This growth is expected to lead to a lowering of airfares as increased capacity and new entrants create a more competitive market for consumers. Passenger loyalties will be put to the test as airlines vie for business, and new Saudi Arabia-based airlines are expected to improve connectivity in the country and the region.
The Middle East aviation market has already experienced significant growth, with countries like Qatar, the United Arab Emirates, and Saudi Arabia seeing impressive increases in airline capacity. Visionary investments in Saudi Arabia have paved the way for the creation of new service industry sectors, with the goal of bringing airline passenger volumes in line with other regional markets. However, achieving this ambitious target will not be without its challenges, as the aviation sector faces supply constraints and fierce competition.
OAG, the leading data platform for the global travel industry, is at the forefront of powering the growth and innovation of the air travel ecosystem. With the world’s largest network of flight information and recent acquisition of competitor air travel data provider Infare, OAG is empowering airlines and other industry players to make effective pricing decisions. Headquartered in the UK with operations around the world, OAG is a key player in shaping the future of the aviation industry.
As the Middle East aviation market continues to evolve and expand, stakeholders will need to navigate the complexities and challenges that come with rapid growth and increased competition. The full report from OAG provides valuable insights into the future of the industry and the opportunities and obstacles that lie ahead. For more information, visit oag.com.