Airline industry executives believe that Mexico holds the potential for enormous growth over the next few years.
Tourism to the country is growing exponentially and having the means to bring more travelers into Mexico is an important part of keeping tourism on an upward trajectory.
The number of nonstop routes, including routes to Japan, China, and South Korea, have grown by 6 percent annually on average over the last five years. Mexico’s air trips per capita are ahead of China and similar to Russia and has enormous upward potential. Mexico is among the top five countries in the Americas with double-digit growth.
«One of the reasons the industry is growing so rapidly is that joint ventures between airlines are creating additional growth opportunities–a trend in the industry,» said Jared Harckham, vice president, ICF Aviation Advisory at a panel on airline connectivity at Tianguis Turistico, taking place in Mazatlan, Mexico, April 14-18.
In addition, he noted the potential of worldwide connectivity, something that Mexico can take advantage of.
"Low-cost airlines traveling long-haul and with high-quality service is creating extremely fast growth in the industry and is a worldwide trend," he said. "This type of airline is also being set up by legacy carriers in many markets and they reach Mexico bringing more tourists."
Executives also praised the Open Skies Agreement for opening barriers that prevented the building of air connectivity…
