Intense Competition between Airports Ahead

Privatisation, liberalisation and new aircraft technologies are putting airports on an inevitable path to increased competition and only the best-performing airports will attract levels of investment required to sustain growth, according to the Centre for Asia Pacific Aviation.
But the competition for funding is hotting up. The rapid expansion of airports in emerging markets like China, India, Eastern Europe and the Middle East is suddenly adding enormous additional demand for investment. And, as those countries' airports grow, only the best-performing airports can be assured of funding support into the future. Furthermore, hub competition will only intensify and more competitors will rise as airline strategy evolves, to take advantage of long-range aircraft and emerging growth markets stimulated by expanding economies and relaxed market restrictions. Airport benchmarking will therefore become increasingly crucial for the airport sector.
24/07/06 ASIATravelTips.com, Thailand

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