The objective of this study is to update existing research to discover Chinese tourists' emerging travel needs after the relaxation of borders and to explore what kind of social media posts and services a destination that can attract more attention and ultimately be able to bring economic benefits.The questionnaire consisted of questions corresponding to each of the seven constructs, (i) top opinion leader (TOL), (ii) images (I), (iii) hygiene and safety (HS), (iv) financial promotion (MP), (v) integrated social app (ISA), (vi) travel interest (TI), and (vii) purchase intention (PI), that appear in the conceptual model (Table 3), as well as four demographic questions related to age, gender, job, and travel experience. On March 29, 2023, the survey links were distributed through WeChat, QQ, Weibo, and Xiaohongshu, popular instant messengers and social media in China, to reach as many respondents as possible. Until May 19, 2023, the questionnaire collection was completed, with 500 responses collected.

In the second quarter of 2025, approximately *** billion domestic tourist trips were made in China, exceeding the figure by around *** million from the same period in 2024, i.e. growing by approximately ** percent. Domestic travel during the pandemic Since the entire city of Wuhan was locked down during the initial outbreak of the pandemic in late 2019, China continued with stringent pandemic policies to minimize case numbers, implementing mass testing, contact tracing apps, mandatory quarantine, and imposed citywide lockdowns. This period witnessed a near cessation of international travel, and the annual number of domestic trips declined to around **** of what it was before the pandemic. However, with increasing cases and public dissent against the government's restrictive containment measures, China abandoned its zero-COVID policy and began to ease pandemic regulations in December 2022. Post-pandemic domestic tourism During the post-pandemic recovery, China’s tourism sector showed a robust resurgence. In early 2023, the domestic tourist market has returned to the pre-pandemic levels, reporting a total revenue of over *** billion yuan. In the first half of 2025, the domestic tourism revenue in China exceeded *** trillion yuan, ** percent of which was a contribution of the traveling urban residents.

According to a survey by Rakuten Insight on online travel agencies (OTAs) conducted in June 2023, around ** percent of respondents in Indonesia claimed that they had used Traveloka, followed by Tiket.com and Agoda. Traveloka is an Indonesian startup turned unicorn company that provides flight tickets, hotel booking services, and more. Why are online travel agencies thriving in Indonesia? Growing internet penetration and smartphone adoption have fueled the growth of online travel agency (OTA) use in Indonesia. The young, tech-savvy population increasingly prefers the convenience of online travel bookings. OTAs in Indonesia attract users with competitive processes, diverse options, and user-friendly interfaces, simplifying the travel planning process. The rise of digital payment systems and growing trust in online transactions further boost their popularity. As tourism expands, OTAs continue to provide accessible and efficient travel services, solidifying their crucial role in Indonesia’s travel industry. The economic impact of tourism in Indonesia Tourism is pivotal in Indonesia’s economy, contributing significantly to the Gross Domestic Product (GDP) and employment. In 2019, before the pandemic hit, the tourism industry accounted for about **** percent of the GDP, with international tourists spending billions on accommodation, food, and entertainment. Tourism also supports millions of jobs directly in hospitality and travel services, and indirectly in other sectors such as transportation, retail, and food services. The industry is experiencing a strong recovery post-pandemic, with the government heavily promoting domestic tourism and improving infrastructure. In addition, sustainable tourism is now a key focus. Indonesia aims to balance economic growth with environmental conservation and cultural preservation, ensuring tourism remains a vital economic driver.

In 2023, the total number of international visitor arrivals to Vietnam reached approximately **** million. Prior to the COVID-19 pandemic, Vietnam welcomed ** million international arrivals in 2019, a record number for the country, following healthy year-on-year growth in visitor numbers since 2016. In March 2022, the country removed its travel restrictions, hoping to assist in the recovery of the tourism sector. Post-COVID-19 rebound Vietnam’s tourism industry has become an essential contributor to the country's service sector and overall economic growth. The country’s diverse landscapes, rich cultural heritage, and warm hospitality have attracted a growing number of international tourists in recent years. However, the outbreak of the COVID-19 pandemic dealt a severe blow to the industry, leading to a sharp decline in tourist arrivals and tourism sector revenue since 2020. Despite the challenges, Vietnam’s tourism industry has started to recover after the lifting of pandemic restrictions. In 2023, the country saw an impressive increase in international arrivals, with South Korea being the leading country of origin, followed by Mainland China. In addition to international tourism, the strong domestic market and the pent-up demand for travel have also played a crucial role in the country’s tourism industry. In 2023, the number of domestic tourists in the country reached approximately ***** million, doubling from 2021 figures. An optimistic future for Vietnam’s tourism sector The government's proactive efforts have enabled the industry to bounce back and regain momentum. For instance, the National Assembly of Vietnam has officially approved the Resolutions to implement a 3-month e-visa for all countries and visa duration exemption for 13 specific countries, effective from August 15, 2023. Particularly, foreigners from all countries and territories with e-visas can enter Vietnam via 42 ports and border gates, and citizens from 13 specific countries are allowed to stay in Vietnam for 45 days instead of 15 days since their entry, regardless of passport type or entry purpose. The visa relaxation is expected to boost tourism, foreign investment, and business cooperation in the country. Furthermore, the government's focus on sustainable tourism practices and infrastructure development will further enhance Vietnam's enchantment to visitors around the world.

In the second quarter of 2025, approximately 1.5 billion domestic tourist trips were made in China, exceeding the figure by around 185 million from the same period in 2024, i.e. growing by approximately 14 percent. Domestic travel during the pandemic Since the entire city of Wuhan was locked down during the initial outbreak of the pandemic in late 2019, China continued with stringent pandemic policies to minimize case numbers, implementing mass testing, contact tracing apps, mandatory quarantine, and imposed citywide lockdowns. This period witnessed a near cessation of international travel, and the annual number of domestic trips declined to around half of what it was before the pandemic. However, with increasing cases and public dissent against the government's restrictive containment measures, China abandoned its zero-COVID policy and began to ease pandemic regulations in December 2022. Post-pandemic domestic tourism During the post-pandemic recovery, China’s tourism sector showed a robust resurgence. In early 2023, the domestic tourist market has returned to the pre-pandemic levels, reporting a total revenue of over 148 billion yuan. In the first half of 2025, the domestic tourism revenue in China exceeded 3.1 trillion yuan, 83 percent of which was a contribution of the traveling urban residents.

Travel Transportation Market Outlook

In 2023, the global travel transportation market size was valued at approximately USD 8 trillion, and it is projected to reach a staggering USD 14 trillion by 2032, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period. This promising growth is primarily driven by the increasing globalization of economies, advancements in transportation technology, and the rising disposable income of consumers worldwide. The post-pandemic recovery period has also contributed significantly to the surge in both leisure and business travel, as people are more eager than ever to reconnect with distant destinations and international business partners.

The growth of the travel transportation market is fueled by several key factors. Firstly, the rapid urbanization across the globe has necessitated the development of efficient and comprehensive transportation networks to support the growing population and their mobility needs. Cities are witnessing an influx of new residents, thus driving the demand for advanced and reliable transportation modes. Moreover, technological advancements like electric and autonomous vehicles are revolutionizing the travel industry, offering sustainable alternatives that appeal to environmentally conscious consumers. Additionally, governments worldwide are investing heavily in infrastructure development, further propelling the growth of this market. Such investments not only enhance the connectivity of cities and regions but also boost economic activities by facilitating the smooth movement of goods and people.

The rise in disposable income, particularly in emerging economies, is another significant driver of the travel transportation market. With more individuals possessing greater spending power, there is an increased preference for leisure travel, which, in turn, fuels the demand for various transport services, including air, road, and rail. People today are more inclined to spend on experiences rather than material goods, leading to a surge in tourism and travel-related activities. Furthermore, the growing middle class in developing countries is contributing to the expansion of the market as they seek new travel experiences and business opportunities abroad. This trend is anticipated to continue, providing a substantial boost to the travel transportation market over the forecast period.

Technology continues to play a pivotal role in shaping the travel transportation market. The integration of digital platforms and services, such as ride-sharing apps, online booking systems, and mobile ticketing solutions, has transformed the way people travel. These technologies provide convenience, efficiency, and cost savings for travelers, thereby driving the market growth. Moreover, the use of data analytics and artificial intelligence in transportation systems is improving operational efficiency and enhancing the customer experience, leading to increased adoption of advanced travel solutions. This technological evolution is expected to continue, with innovations like hyperloop and drone delivery systems poised to redefine the travel landscape in the coming years.

From a regional perspective, the Asia Pacific region is expected to witness the highest growth rate in the travel transportation market during the forecast period. This growth can be attributed to the region's rapidly expanding middle class, increasing urbanization, and significant investments in infrastructure development. Countries such as China and India are leading the charge with ambitious projects aimed at upgrading their transportation networks. North America and Europe will also see steady growth, driven by technological advancements and a strong emphasis on sustainability and reducing carbon footprints. In contrast, the Middle East & Africa and Latin America regions are predicted to experience moderate growth, influenced by economic fluctuations and geopolitical factors. Nevertheless, these regions hold substantial potential due to their untapped markets and ongoing infrastructure developments.

Mode of Transport Analysis

The mode of transport segment in the travel transportation market encompasses various channels such as air, road, rail, and water, each contributing uniquely to the overall market dynamics. Air transport, for example, continues to dominate in terms of long-distance travel due to its speed and efficiency. The aviation sector is experiencing a renaissance with the development of more fuel-efficient aircraft and the expansion of airport networks, enabling faster and more sustainable travel. This growth is further supported by the increasing number of low-

The retail value of travel bags in Japan was forecast to reach *** billion Japanese yen in fiscal year 2023, continuing the recovery after the coronavirus pandemic. The market grew steadily before fiscal 2020, with the market size reaching a decade-high in fiscal year 2019 at *** billion yen.

Corporate Travel Management (CTM) Software Market Outlook

In 2023, the Corporate Travel Management (CTM) Software market size was valued at approximately USD 1.3 billion, and it is projected to reach around USD 4.5 billion by 2032, growing at a robust CAGR of 14.8% over the forecast period. The growth in the global CTM software market is primarily driven by the increasing globalization of business operations and the rising need for organizations to streamline travel management processes, reduce costs, and enhance employee satisfaction. Additionally, the integration of advanced technologies like AI and machine learning into CTM solutions is significantly enhancing the efficiency and accuracy of travel management, further propelling market growth.

The increasing adoption of CTM software is largely attributed to the growing emphasis on cost reduction and operational efficiency within organizations worldwide. As businesses expand globally, the complexity of managing corporate travel increases, driving the need for sophisticated software solutions that can handle a multitude of tasks, such as booking management, travel policy adherence, expense management, and analytics. Furthermore, the evolving corporate policies towards sustainable travel and the need for compliance with regulatory demands have underscored the importance of having a reliable CTM software that not only manages travel but also supports policy compliance and sustainability goals. This trend is expected to continue as companies seek to optimize their travel expenditures while maintaining effective travel protocols.

Another significant growth factor is the rise in technological advancements, particularly in cloud computing and mobile technologies, which have made CTM solutions more accessible and efficient. Cloud-based CTM software offers numerous advantages, including real-time data accessibility, scalability, and reduced initial investment, making it an attractive option for organizations of all sizes. Additionally, the proliferation of mobile applications allows business travelers to manage their itineraries and expenses on-the-go, thereby improving user experience and enhancing productivity. The integration of AI and machine learning into these systems is also anticipated to drive market growth by providing predictive analytics and personalized travel recommendations, thereby improving decision-making and overall travel experience.

The demand for CTM software is further bolstered by the increasing emphasis on employee well-being and satisfaction. Companies are increasingly recognizing the impact of frequent business travel on employee stress and burnout, leading to a growing demand for solutions that can enhance traveler comfort and convenience. Personalization of travel experiences, facilitated by advanced technologies in CTM software, is increasingly becoming a focus area for businesses looking to improve employee satisfaction and retention. Moreover, the ongoing recovery of global business travel post-pandemic, coupled with the rise in hybrid work models, is contributing to the positive outlook of the CTM software market as companies balance in-person and virtual meetings to optimize business outcomes.

Travel Management Services play a crucial role in the evolving landscape of corporate travel, offering comprehensive solutions that extend beyond traditional booking and itinerary management. These services encompass a wide range of offerings, including strategic travel planning, risk management, and traveler support, all designed to enhance the overall travel experience for business professionals. By leveraging the expertise of travel management service providers, companies can ensure compliance with travel policies, optimize travel budgets, and provide personalized travel experiences that cater to the unique needs of their employees. As the demand for efficient and cost-effective travel solutions continues to rise, the integration of Travel Management Services into corporate travel strategies is becoming increasingly essential for businesses aiming to streamline their operations and enhance employee satisfaction.

Component Analysis

The CTM Software market is segmented by component into Software and Services. The software segment is expected to hold a significant share of the market, driven by the increasing demand for comprehensive travel management solutions that can automate and streamline various travel-related processes. CTM software provides features such as booking management, itinerary creation, expense repo

Catering Hi Lift Market Outlook

The global catering hi-lift market size is anticipated to grow significantly from 2023 to 2032, with an estimated market value of USD 1.5 billion in 2023, projected to reach USD 2.8 billion by 2032. This growth trajectory reflects a CAGR of approximately 6.9% over the forecast period. The catering hi-lift market is driven by the increasing demand for efficient and hygienic in-flight catering services, as air travel continues to recover post-pandemic and expands with new routes and destinations. Moreover, advancements in technology, the rising importance of passenger satisfaction, and stringent regulatory requirements for food safety bolster the demand for state-of-the-art catering hi-lifts.

One of the key growth factors for the catering hi-lift market is the significant recovery and subsequent growth of the aviation industry. As global air travel resumes to pre-pandemic levels and surpasses them, airlines are expanding their fleets and increasing the frequency of flights. This expansion directly contributes to the increased demand for catering hi-lifts, which are essential for providing fresh meals and beverages to passengers during flights. Furthermore, airlines are increasingly focusing on enhancing passenger experience by offering diverse meal options and quality service, which necessitates advanced catering solutions. The integration of automation and IoT in catering hi-lifts is also enhancing operational efficiency and reducing turnaround times.

Another major factor contributing to the market's growth is the increased focus on food safety and hygiene in the aviation industry. With heightened awareness and regulatory scrutiny post-pandemic, airlines and ground handling service providers are prioritizing equipment that ensures the safe and hygienic delivery of in-flight meals. Catering hi-lifts equipped with advanced features for temperature control, contamination prevention, and efficient handling of food trays are in high demand. Additionally, the push towards sustainable operations in the aviation sector is encouraging the adoption of eco-friendly and energy-efficient hi-lifts, aligning with airlines' corporate social responsibility goals.

The technological advancements in manufacturing and design of catering hi-lifts are further propelling the market's expansion. Modern hi-lifts are now being designed with enhanced safety features, increased load capacities, and improved maneuverability, catering to the diverse needs of airlines. The incorporation of telematics and real-time monitoring systems allows for better fleet management and maintenance planning, reducing downtime and operational costs. Manufacturers are also focusing on customizable solutions to meet specific airline requirements, providing a competitive edge in a dynamic market environment.

Regionally, the catering hi-lift market is witnessing significant growth across various geographies. North America, with its well-established aviation industry and large number of airports, is a major market for catering hi-lifts. Meanwhile, the Asia Pacific region is experiencing robust growth, driven by the rapid expansion of the aviation sector in countries like China and India. Europe also presents substantial opportunities due to the presence of major airlines and increasing air travel demand. The Middle East & Africa and Latin America markets are gradually expanding, supported by investments in aviation infrastructure and the growth of regional carriers.

In the realm of military aviation, the use of specialized equipment such as Military Aircraft Ambulifts is becoming increasingly critical. These ambulifts are designed to meet the rigorous demands of military operations, providing essential support in the transportation of personnel and medical supplies. The robust construction and advanced features of military aircraft ambulifts ensure they can operate efficiently in diverse and challenging environments. As military forces around the world continue to modernize and expand their capabilities, the demand for reliable and versatile ambulifts is expected to grow. This growth is further fueled by the increasing need for rapid response and mobility in military operations, where the timely and safe transport of personnel and equipment is paramount. The integration of cutting-edge technology in these ambulifts enhances their operational efficiency, making them indispensable in modern military logistics.

Product Type Analysis

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Portugal experienced a recovery of over 30 percent in the total travel and tourism contribution to its gross domestic product (GDP) in 2021, after a strong drop due to the coronavirus (COVID-19) pandemic. Prior to this crisis, this sector represented over 40 billion U.S. dollars of the Portuguese economy. By 2024, more than 58 billion U.S. dollars were forecasted as contribution to the country's GDP. Tourism spending in Portugal In 2023, Portugal's tourism services generated a sales revenue close to 38.9 billion euros, signalizing the post-pandemic recovery for this sector, which began in the previous year. Furthermore, inbound tourism expenditures in the Iberian country for the same year reached 25 billion euros, representing an increase from the previous year. How many travelers make their way to Portugal each year? From 2022 to 2024, Portugal witnessed a remarkable increase in the number of international overnight visitors, with the figure reaching 56 million in the latter year – more than in 2019. The recovery of the Portuguese tourism sector from the coronavirus (COVID-19) pandemic can also be seen in monthly development. While in 2020 and 2021, the usual influx of foreign guests in Portuguese accommodation establishments during the summer season was affected by the global health crisis, the country saw a return to normality in 2022, with August reaching the annual peak of 1.96 million travelers, which rose to 2.27 million by 2024.

In 2023, the total number of international visitor arrivals to Vietnam reached approximately 12.6 million. Prior to the COVID-19 pandemic, Vietnam welcomed 18 million international arrivals in 2019, a record number for the country, following healthy year-on-year growth in visitor numbers since 2016. In March 2022, the country removed its travel restrictions, hoping to assist in the recovery of the tourism sector. Post-COVID-19 rebound Vietnam’s tourism industry has become an essential contributor to the country's service sector and overall economic growth. The country’s diverse landscapes, rich cultural heritage, and warm hospitality have attracted a growing number of international tourists in recent years. However, the outbreak of the COVID-19 pandemic dealt a severe blow to the industry, leading to a sharp decline in tourist arrivals and tourism sector revenue since 2020. Despite the challenges, Vietnam’s tourism industry has started to recover after the lifting of pandemic restrictions. In 2023, the country saw an impressive increase in international arrivals, with South Korea being the leading country of origin, followed by Mainland China. In addition to international tourism, the strong domestic market and the pent-up demand for travel have also played a crucial role in the country’s tourism industry. In 2023, the number of domestic tourists in the country reached approximately 108.2 million, doubling from 2021 figures. An optimistic future for Vietnam’s tourism sector The government's proactive efforts have enabled the industry to bounce back and regain momentum. For instance, the National Assembly of Vietnam has officially approved the Resolutions to implement a 3-month e-visa for all countries and visa duration exemption for 13 specific countries, effective from August 15, 2023. Particularly, foreigners from all countries and territories with e-visas can enter Vietnam via 42 ports and border gates, and citizens from 13 specific countries are allowed to stay in Vietnam for 45 days instead of 15 days since their entry, regardless of passport type or entry purpose. The visa relaxation is expected to boost tourism, foreign investment, and business cooperation in the country. Furthermore, the government's focus on sustainable tourism practices and infrastructure development will further enhance Vietnam's enchantment to visitors around the world.

In 2023, the share of revenue from leisure travel made up over 80 percent of tourism in India. Business travel, however, has made a resounding recovery since 2015. Growing businesses, increasing business travel Post the COVID-19 pandemic, business travel has significantly increased. In addition to domestic travel, international trips have also become an important part of corporate life. India hosts multiple business hubs across its tier-1 cities, whether it is Mumbai as the country’s financial capital, Ahmedabad and Hyderabad for pharma and healthcare, or Bangalore – the Silicon Valley of India. Travel destinations for every occasion India’s rich culture and heritage, along with its geographical diversity offer various kinds of travel destinations domestically. Apart from hitting a beach town, a hill station, or going on a safari, spirituality was one of the most common reasons for travel in the country. Its religious richness offers pilgrimages not just for the Hindus, but also other faiths, including Islam, Buddhism, Jainism, Sikhism, Christianity, and Zoroastrianism.

North American Aviation Market size was valued at USD 233.8 Billion in 2024 and is projected to reach USD 356.2 Billion by 2032, growing at a CAGR of 5.4% from 2026 to 2032.Key Market DriversExpanding Commercial Air Travel Demand: Post-pandemic recovery and increasing passenger traffic are fueling aircraft fleet expansion and modernization across North America. According to the Federal Aviation Administration (FAA), U.S. commercial air carriers transported approximately 853 Million passengers in 2023, with projections estimating this number will exceed 1 Billion by 2030. The International Air Transport Association (IATA) reports that North American airlines achieved a 93.7% recovery of pre-pandemic capacity by the end of 2023.Military Modernization Programs: Substantial defence budget allocations are accelerating aircraft procurement and technology upgrades across the U.S. and Canada. The U.S. Department of Defence's FY2024 budget allocated USD 61.1 Billion specifically for aircraft procurement, representing a 17.3% increase from the previous fiscal year. The Congressional Budget Office projects that military aviation spending will reach approximately USD 85.3 Billion annually by 2028 to support next-generation aircraft platforms and capabilities.

According to Cognitive Market Research, the global Commercial Aircraft After market size will be USD XX million in 2025. It will expand at a compound annual growth rate (CAGR) of XX% from 2025 to 2033.

North America held the major market share for more than XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2033.
Europe accounted for a market share of over XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2033.
Asia Pacific held a market share of around XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2033.
Latin America had a market share of more than XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2033.
Middle East and Africa had a market share of around XX% of the global revenue and was estimated at a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2033.

Market Dynamics

Aging Commercial Fleet Drives the Market Growth of Commercial Aircraft After

The commercial aviation sector is experiencing prolonged use of older aircraft due to production delays of new-generation models and rising capital costs. As of 2023, the average fleet age of major global airlines exceeds 11 years, making MRO services critical to fleet reliability and compliance. These aging fleets require more frequent checks (A, B, C, and D checks), component replacements, engine refurbishments, and avionics upgrades. This elevates demand for both OEM-certified and independent MRO providers. For example, Lufthansa Technik, a major After player, reported a surge in demand for cabin retrofits and component services amid delayed aircraft retirements. The continued operation of narrow-body aircraft like the Boeing 737NG and Airbus A320ceo has kept the spare parts ecosystem vibrant. Increased focus on fuel efficiency has also driven upgrades to winglets, landing gear, and power units.

Global Air Travel Recovery Post-COVID Drives the Market Growth of Commercial Aircraft After

With international travel rebounding steadily post-pandemic, airlines are rushing to bring idle fleets back into operation. According to IATA, global air traffic reached over 90% of pre-COVID levels in 2023 and is expected to surpass 2019 figures by 2025. This resurgence has created massive demand for aircraft inspections, component replacements, and re-certifications. Grounded aircraft require comprehensive airworthiness checks before re-entry into service. Airlines are also retrofitting aircraft with newer in-flight entertainment systems, cabin layouts, and Wi-Fi upgrades to enhance customer experience. Qatar Airways, for example, has invested in cabin upgrades for its A330 fleet as part of its post-pandemic operational optimization strategy. This momentum is reviving hangar activity across global MRO hubs in Singapore, Miami, and Dubai, thereby expanding revenue streams for service providers and parts suppliers.

Restraint

Shortage of Skilled Technicians Is a Concern for the Commercial Aircraft After Market

One of the most pressing challenges in the commercial aircraft After is the acute shortage of qualified maintenance technicians and engineers. As demand for air travel rebounds and MRO operations expand, the industry is struggling to fill talent gaps. According to the Aviation Technician Education Council (ATEC), the U.S. alone faces a deficit of over 12,000 certified aviation mechanics. Retirement of experienced personnel, lack of fresh talent entering the trade, and limited training capacity contribute to this bottleneck. This shortage not only slows down maintenance turnaround times but also drives labor costs higher, affecting profit margins and delaying fleet reactivation. Some MRO providers have begun investing in automation, AI-driven diagnostics, and technician upskilling programs to mitigate these issues. However, ramping up workforce capacity remains a complex, long-term endeavor.

Opportunity

Digital MRO and Predictive Maintenance Present Growth Opportunities for the Commercial Aircraft After Market

The integration of predictive analytics and IoT sensors into aircraft systems is reshaping After operations. Through real-time engine health monitoring, component performance tracking, and data-driven diagnostics, a...

In 2023, Vietnam welcomed almost 3.6 million South Korean tourist arrivals, the highest number of arrivals among all countries and territories, followed by Mainland China and Taiwan. In total, the country received around 12.6 million international tourist arrivals in 2023, a fourfold increase from the previous year, after the recovery from the COVID-19 pandemic. Tourism in Vietnam Thanks to its long coastline, historical French colonial landmarks, many world heritage sites, and vibrant culture, Vietnam is an emerging destination in Southeast Asia. Since the country opened its door to the world in the late 1980s, tourism has grown in importance as a part of the modern Vietnamese economy. By 2028, the share of direct GDP contribution from the tourism sector is expected to reach over 7.4 percent, with international tourism receipts forecasted to reach over ten billion U.S. dollars that same year. Next to increasing international arrivals, domestic tourism had also been thriving as more Vietnamese could afford to travel. Vietnam’s tourism industry rebound post-COVID-19 The COVID-19 pandemic significantly disrupted the growth track of the Vietnamese tourism industry. However, as the pandemic was brought under control and restrictions were lifted, the sector showed signs of rebound and was expected to regain its momentum by 2023. Thanks to the government’s efforts to promote tourism and improve domestic infrastructure, in 2023, the number of international tourist arrivals by all means of transportation went up by approximately 3.4 percent, contributing to the growth in revenue of the country's tourism sector that year.

In 2023, the share of revenue from leisure travel made up over 80 percent of tourism in India. Business travel, however, has made a resounding recovery since 2015. Growing businesses, increasing business travel Post the COVID-19 pandemic, business travel has significantly increased. In addition to domestic travel, international trips have also become an important part of corporate life. India hosts multiple business hubs across its tier-1 cities, whether it is Mumbai as the country’s financial capital, Ahmedabad and Hyderabad for pharma and healthcare, or Bangalore – the Silicon Valley of India. Travel destinations for every occasion India’s rich culture and heritage, along with its geographical diversity offer various kinds of travel destinations domestically. Apart from hitting a beach town, a hill station, or going on a safari, spirituality was one of the most common reasons for travel in the country. Its religious richness offers pilgrimages not just for the Hindus, but also other faiths, including Islam, Buddhism, Jainism, Sikhism, Christianity, and Zoroastrianism.

Boeing 787 Dreamliner Market Outlook

According to our latest research, the global Boeing 787 Dreamliner market size in 2024 stands at USD 13.2 billion, reflecting robust demand and a strong order backlog from airlines and leasing companies worldwide. With a projected compound annual growth rate (CAGR) of 6.8% from 2025 to 2033, the market is expected to reach USD 24.1 billion by the end of 2033. This growth is primarily driven by the increasing preference for fuel-efficient, long-haul aircraft, rising passenger traffic, and the ongoing expansion of global airline fleets. As per the latest research, the Boeing 787 Dreamliner continues to solidify its position as a flagship wide-body aircraft, catering to evolving industry trends and sustainability imperatives.

One of the most significant growth factors for the Boeing 787 Dreamliner market is the relentless pursuit of fuel efficiency and reduced environmental impact by airlines worldwide. The Dreamliner’s advanced composite materials, next-generation engines, and aerodynamic design collectively deliver up to 20% better fuel efficiency compared to previous-generation aircraft. This translates into substantial cost savings for airlines, especially in an era characterized by volatile fuel prices and stringent regulatory standards on emissions. As governments and international bodies tighten carbon emission targets, the demand for newer, greener aircraft like the 787 is expected to remain strong, further bolstering the market’s expansion through the forecast period.

Another major driver is the resurgence of global air travel demand, particularly in the wake of post-pandemic recovery. International passenger volumes have rebounded sharply since 2023, with long-haul and ultra-long-haul routes experiencing significant growth. The Boeing 787 Dreamliner, renowned for its extended range, passenger comfort, and operational flexibility, is ideally suited to meet the needs of airlines looking to capitalize on these trends. Airlines are increasingly turning to the Dreamliner to open new direct routes, reduce stopovers, and provide a superior cabin experience that attracts premium travelers. This dynamic has led to a surge in orders and deliveries, further accelerating market growth.

Fleet modernization and replacement cycles are also contributing to market expansion. Many legacy carriers and emerging airlines are retiring older, less efficient wide-body aircraft in favor of the technologically advanced 787 family. The Dreamliner’s lower maintenance costs, enhanced reliability, and improved operational economics make it an attractive investment for airlines seeking to optimize their fleet composition. Additionally, the aircraft’s versatility—serving both passenger and cargo operations—enables operators to adapt to shifting market demands and maximize asset utilization. As a result, the Boeing 787 Dreamliner is increasingly viewed as a strategic asset for airlines navigating a rapidly evolving aviation landscape.

From a regional perspective, Asia Pacific continues to dominate the Boeing 787 Dreamliner market, accounting for the largest share of deliveries and orders in 2024. This is driven by the region’s burgeoning middle class, rapid urbanization, and the expansion of both full-service and low-cost carriers. North America and Europe also represent significant markets, supported by strong demand for transatlantic and transpacific routes. Meanwhile, the Middle East remains a critical hub for long-haul connectivity, with major carriers like Emirates and Qatar Airways actively investing in next-generation fleets. Latin America and Africa, while smaller in absolute numbers, are showing promising growth potential as air travel penetration increases and economic conditions improve.

Aircraft Type Analysis

The Boeing 787 Dreamliner market is segmented by aircraft type into the 787-8, 787-9, and 787-10 models, each catering to distinct operational requirements and airline strategies. The 787-8, as the original variant, offers seating for approximately 242 passengers and a range of up to 13,530 kilometers, making it ideal for long, thin routes where demand may not justify larger aircraft. Airlines value the 787-8 for its flexibility and ability to open new point-to-point connections, especially in emerging markets and secondary cities. The 787-8 continues to see steady demand from carriers seek

In 2024, the percentage change in domestic visitor numbers in Malaysia increased by around **** percent compared to the previous year. The domestic tourism industry in the country has started to recover after the travel restrictions in 2020 and 2021 due to the COVID-19 pandemic.

South Korea was the biggest market for international tourists arriving in the Philippines in 2024, with about *** million travelers. Tourists from the United States came in second, reaching roughly *******. Post-pandemic tourism recovery The number of tourist arrivals significantly shows signs of recovery in 2024, at about *** million, after the disruptions caused by the onset of the COVID-19 pandemic in 2020. During the pandemic, foreign tourist arrivals dropped to merely *** million people from more than ***** million in the previous year. Surprisingly, this figure was even lower in 2021, which was just **** million tourists. The state of domestic travel While foreign tourist arrivals struggled during the pandemic, domestic tourism in the Philippines experienced fewer setbacks. In 2023 alone, about ** million overnight travelers were recorded, the majority of whom were domestic travelers. Cebu Pacific carried the highest number of domestic passengers in 2023, with PAL Express carrying just about half of the former's passenger volume.