Mexico’s Airline Industry Grows at its Best Rate for a DecadeBy Elliot Bullman
From January to November, Mexico’s air passenger transportation grew 10.9% and could close on 90 million passengers in 2017.
For the past five years Mexico’ airline industry has experienced a golden cycle and this year is shaping up as the best of the streak.
In the period from January to October this year, around 152,000 international flights arrived at the country's airports, representing an increase of 8.1%. As of November, passenger air traffic in the country had swelled by 10.9% to 81.3 million passengers.
In the third quarter of 2017 the Gross Domestic Product (GDP) of the airline sector accumulated an advance of 11.7%, its highest growth in the last decade, according to Inegi.
The huge growth in demand is a reflection of the success that has been enjoyed by Mexico’s tourism again this year.
The country’s tourism GDP during the second quarter of the year increased 5.6% compared to the same period of 2016.
The director of the Tourism Promotion Council of Mexico (CPTM), Hector Flores, told entrepreneurs and secretaries of tourism that increasing air connectivity, both at national and international level, has been fundamental in sustaining Mexico’s growth in tourism.
- “Sudan” the world’s last male white rhino dies in Africa
- Facebook tracks a scary number of details about you
- Cambridge Analytica suspends CEO amid uproar over Facebook data leak
- “Yucatan’s good public safety is attracting foreign direct investment”
- By 2021, at least 40% of Latin America's GDP will be digitized: IDC
- China’s ride-hailing giant Didi Chuxing is planning to hit Uber where it hurts
- Migrations will increase by 2050 due to climate change: Central Bank
- Warrant Sought to Inspect Cambridge Analytica
- Why Pompeo will be key to Trump’s policy towards North Korea and Iran
- United Kingdom expels 23 Russian diplomats in the wake of former spy poisoning
- Apple and Disney Place First and Second with Millennials in 2018 Brand Affinity Study
- Trump Inspects Border Wall Prototypes in California