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137. Asias Travel Market Booming
Rising earnings are fanning peoples desire to travel in the Asia Pacific region. A year-on-year comparison shows that in the first eight months of 2011 the number of Asians who travelled abroad rose by 6%, and the findings of the latest ITB World Travel Trends Report indicate that next years figure is forecast to rise by a further 5%.
138. Airbus Forecasts Need for 28,000+ Aircraft in Next 20 Years
Airbus latest Global Market Forecast (GMF) identifies a need for some 28,200 passenger and freighter aircraft (of 100 seats or more) between 2012 and 2031 worth nearly US$4 trillion, reconfirming an upward trend in the pace of new aircraft deliveries. Of these over 27,350 will be passenger aircraft valued at US$ 3.7 trillion.
139. Sabre Labs Publishes 2018 Emerging Technology Report
Sabre has released the Sabre Labs 2018 Emerging Technology Report, its latest technology forecast focused on evolving technologies and trends that will impact travel over the next decade. The 2018 report evaluates automation, authenticity and blockchain as three major areas for consideration.
140. Melbourne Airport Extends Contract with SITA
Melbourne Airport has extended its contract with SITA for flexible and passenger-friendly technology to ready the airport for forecast passenger growth. The technology is part of the airports multi-billion dollar pipeline of investment that will see it welcome almost 70 million passengers annually by 2038.
141. Boeing Forecasts China to Need 5,260 New Airplanes by 2031
Boeing has forecast that China will need 5,260 new commercial airplanes valued at $670 billion over the next 20 years. The country is expected to be the second largest market for new commercial airplanes.
142. 2011 a Record Year for Singapore Visitor Arrivals
Singapore's international visitor arrivals reached 13.2 million in 2011, a new high and exceeding the years forecast range of 12-13 million. Indonesia (2,592,000), P.R. China (1,577,000), Malaysia (1,141,000), Australia (956,000) and India (869,000) were Singapore's top five international visitor-generating markets for 2011.
143. Nearly 37,400 New Aircraft Valued at US$5.8 Trillion Required Over Next 20 Years
According to Airbus new Global Market Forecast 2018-2037, the worlds passenger fleet will more than double to 48,000 aircraft in 20 years with traffic growing at a resilient 4.4% per year, driving a need for 37,390 new passenger and freighter aircraft.
144. Business Jet Usage Expected to Fully Rebound by Mid-2021
Honeywells 29th annual Global Business Aviation Outlook forecasts up to 7,300 new business jet deliveries worth $235 billion from 2021 to 2030, down 4% in deliveries from the same 10-year forecast a year ago.

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