Indian international travellers preferred saving on airfares so that they can spend more at the destination during a leisure holiday, and 70.1 per cent of those surveyed said they would prefer to travel by a Low Cost Carrier (LCC) on international routes to take advantage of lower fares, a new survey jointly conducted by Centre for Aviation for Asia Pacific (CAPA) and Expedia has revealed.
The survey published at the CAPA Aviation Summit, which concluded last week in Mumbai, mapped for the first time the size and untapped potential of India's outbound leisure travel market. The survey is based on consumer feedback from 1,000 participants across India, data from third party sources, as well as research and analysis by CAPA team.
The research report, titled The Inflection Point for Indian Outbound Travel, said only 0.3 per cent of India's population holidayed overseas, but the market was at a point where it had the potential to grow rapidly as Indian aviation industry changes shape in the next few years.
The survey said Low Cost Carriers had a significant impact on affordability of travel. "LCCs did not exist in India until 2013, but they have had a dramatic impact on air travel by making it more affordable and now command 67. 2 per cent of Indian domestic market," the report said. In 2012, LCCs had a share of 50.6 per cent seats in domestic market, while full service airlines accounted for 49.4 per cent share.
In 2017, LCCs command a 67.2 per cent share of seats in the domestic market, while full service airlines account for 32.8 per cent seats. Similarly, in international market, LCCs had a 14.5 per cent share of seats while full service airlines had 85.5 per cent share of seats in 2012. In 2017, LCCs had a 22.9 per cent share of seats, while full service carriers accounts for 77.1 per cent share of seats.
05/02/18 Satish Nandgaonka/Mumbai Mirror
To Read the News in full at Source, Click the Headline
The survey published at the CAPA Aviation Summit, which concluded last week in Mumbai, mapped for the first time the size and untapped potential of India's outbound leisure travel market. The survey is based on consumer feedback from 1,000 participants across India, data from third party sources, as well as research and analysis by CAPA team.
The research report, titled The Inflection Point for Indian Outbound Travel, said only 0.3 per cent of India's population holidayed overseas, but the market was at a point where it had the potential to grow rapidly as Indian aviation industry changes shape in the next few years.
The survey said Low Cost Carriers had a significant impact on affordability of travel. "LCCs did not exist in India until 2013, but they have had a dramatic impact on air travel by making it more affordable and now command 67. 2 per cent of Indian domestic market," the report said. In 2012, LCCs had a share of 50.6 per cent seats in domestic market, while full service airlines accounted for 49.4 per cent share.
In 2017, LCCs command a 67.2 per cent share of seats in the domestic market, while full service airlines account for 32.8 per cent seats. Similarly, in international market, LCCs had a 14.5 per cent share of seats while full service airlines had 85.5 per cent share of seats in 2012. In 2017, LCCs had a 22.9 per cent share of seats, while full service carriers accounts for 77.1 per cent share of seats.
05/02/18 Satish Nandgaonka/Mumbai Mirror
0 comments:
Post a Comment