Tourism Industry News
IATA Reports Air Passenger Demand Slowdown in August
Air traffic demand continues to grow but at a slower pace, according to the International Air Transport Association’s latest figures for August. Passenger demand during the month was up 4.5 percent over the previous August, representing a significant slowing from the 6 percent increase recorded in July.
Comparisons of July to August more clearly indicate the slowdown, according to IATA. The total passenger market fell by 1.6 percent in August compared to July. International markets declined by 1.8 percent, while already weak domestic markets shrank by 1 percent. The total cargo market fell by 1.3 percent.
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