Tue, Mar 06, 2012
China, India, Middle East Expected To See The Most Growth This Year
A new report “Global Airports Survey 2012–2013: Market Trends, Buyer Spend and Procurement Strategies in the Global Airports Industry” drawn up by iCD Research has been recently published by Market Publishers Ltd. According to the report, China, India and the Middle East are expected to register the fastest growth rate in the industry driven by the increased demand for air travel and related services.
Among developing countries for the airports industry, China, India and the Middle East are expected to register the fastest growth rate driven by the increased demand for air travel and related services in these regions, leading economic growth, expansion of business activities into emerging markets, changing consumer lifestyles and rising disposable incomes.
Overall, within the global airports industry, 51% of respondents are more optimistic about revenue growth for their companies over the next 12 months relative to the previous 12 months, 22% of respondents are less optimistic, and 22% expect no change. The chief reasons for this revenue optimism include consolidation in the industry, the inclusion of various ancillary revenue sources and technological upgrades, all of which are projected to increase the profitability and cost performance of airport operators in 2012.
The report analyzes how airports industry companies’ procurement expenditure, business strategies and practices are set to change in 2012–2013, featuring the opinions of 201 global airports industry executives related to the following:
- Revenue growth and future developments in business structure.
- Merger and acquisition activity,
- Capital expenditure and change in staff recruitment activity.
- Key regions of growth.
- Key industry threats and opportunities.
- Key supplier actions and e-procurement.
- Annual procurement budgets and change in procurement expenditure.
- Change in supplier selection and procurement objectives.
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