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IATA Premium Traffic Monitor.

New York (USAsian Network Business & Industry News) Thu, Apr 17, 2014 - Premium air travel increased 4.1% in February year-on-year, a moderation on January growth of 6.1%; Demand drivers remain broadly positive, but rates of improvement in business conditions have slowed; Business activity indicators still indicate growth, but the rate in March was the slowest for the last 4 months; Some major economies, like the US, experienced temporary Q1 slowdown due to severe weather conditions; But in China, business (manufacturing) activity has contracted since January, pointing to a more fundamental deceleration; The within Far East market increased only 1% in February year-on-year, significantly down on January growth of 7.2%; This result reflects little or no bias from the Chinese New Year a negative impacts occurred in the same month in 2013/14; By contrast, the North Atlantic market managed to maintain recent improvements, rising 3.8% in February; The outlook for premium travel markets is broadly positive, but recent developments could restrict further acceleration; The degree of weakness in some emerging markets will likely determine the pace of future expansion

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Publication:USAsian Network News & Business & Industry News
Date:Apr 21, 2014
Words:197
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