✈️ Exclusive Benefits for Readers
Verified codes to save on your next trip.
In this installment we will review the air competitiveness analysis carried out by Amadeus and HIGH for the main markets Latin America.
The Latin American and Caribbean Air Transport Association – ALTA and the renowned technological solutions company for the travel and tourism industries Amadeus, have prepared an interesting analysis of the level of air competitiveness in the region.
The study considers the index of the countries Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, Panama and Peru. Regrettably, other countries such as Ecuador were not taken into account for this analysis.
Aviation Competitiveness Index
According to the Airbus report, Global Networks Global Citizens air travel in Latin America will double in the next 20 years thanks to an emerging middle class and the transformation of business models
airlines that will make air travel increasingly accessible. There are important opportunities for the region because, according to the same report, it is expected that for 2037 take place near 0,9 trips per capita (instead of 0,4 what is the current average).
Latin America and the Caribbean represent a 8% of the global aviation market, a figure larger than Africa and the Middle East combined, although well below other regions such as Europe and North America.
The airline industry is generating 7,2 million jobs in the region. Latin America is connected with 160 cities around the world through 2,6 million flights a year, according to recent IATA data. This, despite facing very significant challenges such as economic instability, protectionist government policies, volatile exchange rates, infrastructure gaps, the taxes excessive, the lack of
harmonization in regulations that affect operation and high fuel costs, to name a few.
Within the study, infrastructure factors were analyzed, technology, facilitation of industry development, taxes and fuel cost, liberalization and the willingness to travel of the local market.
A) Yes, It was determined that within the countries analyzed, Chile takes first place in competitiveness when considering a total of 82 points within the 6 topics under study, highlighting their low taxes, technology and willingness to travel of its inhabitants.
Following Chile appears Panama, one of the countries that Copa Airlines has managed to be an example in the region in terms of connectivity, reaching 75 points on the index. Its infrastructure and technology stand out.
The giant Brazil closes the TOP 3 of the index with 71 points, of which it stands out as the only country to score 100 in one of the indicators with facilitation and outstanding in technology.
Colombia stands out in fourth place., which in recent years has made important changes to boost the industry, thus reached 68 points, highlighting its facilitation and liberalization of the industry.
They close the Mexico analysis, Peru, Argentina and Bolivia, where the latter are the ones that obtain the lowest rating in the 6 points of this study, mainly on infrastructure issues, taxes and facilitation.
Latin America continues to fly less than the world average, but important changes are beginning to take place, where IATA and ALTA have highlighted the efforts of countries to reverse this situation that seeks to make the airline industry one of the main income generators for our developing countries.
Methodology
To carry out the Competitiveness Index, the main airports in eight Latin American countries were analyzed.. Four airports in Argentina were considered; from Bolivia three; from Brazil seven; from Chile three; from Colombia five; from Mexico five; from Panama one; and from Peru three. In each one, six factors were studied that influence their performance and 16 individual indicators calculated from quantitative Amadeus data, ALTA and other external sources.
Each country's competitiveness score was calculated from a weighted average of these factors..
Each indicator measured in the Report was normalized to a scale of 1 a 100. The country with the highest score received a score of 100.
✈️ Exclusive Benefits for Readers
Search here for hotels ALL over the world at the best price.
