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Technavio Research: Global Commercial Airlines Market 2020-2024: Market Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio
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Technavio has announced its latest market research report titled Global Commercial Airlines Market 2020-2024 (Graphic: Business Wire)
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The creation of new air routes to tap market potential is one of the major factors propelling market growth. However, factors such as the increasing operating expenses will hamper the market growth.
More details: https://www.technavio.com/report/commercial-airlines-market-industry-analysis
Commercial Airlines Market: Market Landscape
The coronaviruspandemic delivered a lingering, and possibly permanent, hit to business travel that is likely to weigh on employment and economic growth in some communities for years.
Beyond the blows to airlines, hotels, travel agents and rental-car companies, the drop in business travel is rippling through whole ecosystems of related commerce, including airport shops, downtown bars and restaurants, construction companies building convention stages, entertainers, taxi drivers and aircraft-parts manufacturers.
Domestic and international business travelers in the U.S. directly spent $334.2 billion in 2019, supporting 2.5 million jobs, according to the U.S. Travel Association. But when considering the follow-on effects, it estimates the economic output and jobs supported by business travel were roughly double those figures before the pandemic.