NEW YORK, Dec. 24, 2015 /PRNewswire/ -- Airports as a Catalyst of Change : Being the Face of Change will be Critical to Success
This research service is on the interesting trends and developments in the aviation industry in emerging markets and how airports are acting as agents of change. The study describes the four major elements of change, namely, growth, profitability, privatization, and sustainability that need to be considered in the development of airports. These change elements are propelled by economic drivers, infrastructure factors, and market development. In keeping with learnings from developed airports, multiple airport cities will rise in emerging economies. The study also discusses the challenges to managing the changes in the aviation industry and suggests possible strategies to overcome these challenges.
Frost & Sullivan identified interesting trends and developments in the aviation industry in emerging markets.
-There are four major elements of change, namely growth, profitability, privatization, and sustainability.
- These elements of change are propelled by economic drivers, infrastructure factors, and market development.
-Successful change management would involve creation of multiple airline hubs.
In keeping with learnings from developed airports, multiple airport cities will rise in emerging economies.
Over % of the population in emerging economies would make at least one flight trip per year by 2035.
The role of airports has undergone a sea change over the last few decades.
-From being mere strips of runways enabling planes to fly and land safely, airports have now become ambassadors of growth, profitability, new business models, and sustainability.
-For many tourists, the airport is the first gateway to a foreign country.
-Most countries now project their airports as a measure of their economic prowess and development, globally.
-Airports act as harbingers of transformation, which then percolates to other important parts of that city.
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