DUBLIN–(BUSINESS WIRE)–The “Global Airport Lounge Access Market (2023 Edition): Analysis By Ownership (Airline, Airport, Government Owned, Privately Owned), Access Method, Application, By Region, By Country: Market Insights and Forecast (2018-2028)” report has been added to ResearchAndMarkets.com’s offering.
The Global Airport Lounge Access Market is on an impressive trajectory, set to reach a staggering USD 55.71 Billion by the conclusion of 2028, marking a substantial surge from its USD 6.42 Billion value in 2022. Projected to flourish at a remarkable Compound Annual Growth Rate (CAGR) of 25.8% during the forecast period spanning from 2023 to 2028, the Global Airport Lounge market is poised for remarkable expansion.
Within this dynamic backdrop, the research study not only delves into the drivers and restraints of market growth but also scrutinizes supply and demand risks alongside other pivotal statistics. Additionally, a comprehensive assessment of ongoing and forthcoming market trends is presented, crucial for understanding the trajectory of this evolving market.
The ascending disposable income among the middle-class demographic coupled with the growing preference for air travel to save time has become instrumental in bolstering the overall growth of the Airport Lounge market. As businesses increasingly operate on a global scale, relying on air travel for pivotal meetings and conferences, the demand for airport lounges is expected to surge.
Notably, a notable trend within airport lounges is the amplified focus on health and fitness offerings. In response to the rising demand from travelers seeking wellness and vitality during their journeys, numerous lounges now incorporate amenities such as spa services, yoga classes, and health-conscious culinary options.
The Americas, owing to its substantial population and expansive geographic expanse, witness substantial air travel, thereby intensifying the necessity for airport lounges to cater to the needs of modern travelers.
There are a lot of people who can afford to pay for admission to airport lounges in the Americas, where the average income level is rather high. Demand for admission to airport lounges rises as more travellers sign up for airline loyalty programmes. In addition, airlines frequently collaborate with owners of airport lounges to provide its devoted patrons access to the facilities.
This collaboration enables airlines to give their clients more value, which may assist to boost client retention and spur growth for both the airline and the operator of the airport lounge. Overall, the expansion of airline loyalty programmes has greatly aided the expansion of the airport lounge business by spurring collaborations between airlines and lounge providers and raising demand for lounge access.
Travellers are seeking methods to unwind and relax before their trips as airports become more congested and unpleasant. In contrast to the terminal’s commotion, noise, and throngs of people, airport lounges offer a relaxing and calm environment where passengers may wait for their flights.
The creation of mobile applications that enable travellers to reserve lounge access and other amenities straight from their smartphones is one of the major technological developments that has fuelled the expansion of the airport lounge business. Travellers now find it simpler to locate and reserve lounge access, which has increased demand for these services.
The adoption of biometric identification technology to expedite the security and boarding procedures is another significant technical innovation. Travellers now spend less time standing in queue and more time relaxing in the lounge as a result of this.
Additionally, a lot of airport lounges now provide modern travellers with facilities like charging stations, high-speed Wi-Fi, and other conveniences.
Scope of the Report
- The report analyses the Airport Lounge Access Market by Value (USD Billion).
- The report presents the analysis of Airport Lounge Access Market for the historical period of 2018-2022, the estimated year 2023 and the forecast period of 2024-2028.
- The report analyses the market by region and by country including the Americas (United States, Canada, Brazil, and Rest of America), Europe (Germany, United Kingdom, France, Rest of Europe), APAC (China, Japan, South Korea, India, and Rest of Asia Pacific), Middle East, and Africa.
- The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by application, by lounge access method, by ownership.
- Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
The companies analysed in the report
- Deutsche Lufthansa
- Air France
- Cathay Pacific
- Qantas
- Delta Airlines
- Emirates
- British Airways
- American Express
- United Airlines
- DreamFolks
Key Topics Covered:
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Strategic Recommendations
3. Global Airport Lounge Access Market: Historic and Forecast (2018-2028)
3.1 Impact Analysis of Macro Economic Factors on Airport Lounge Access Market
3.2 Busiest Airports Globally
3.3 Worldwide Airports: Ranked by Passenger Numbers
3.4 Global Airport Lounge Access Market: Dashboard
3.5 Global Airport Lounge Access Market: Market Value Assessment
3.6 Degree of Impact of COVID-19 on Global Airport Lounge Access Market
3.7 Global Airport Lounge Access Market Segmentation: By Ownership
3.7.1 Global Airport Lounge Access Market, By Ownership Overview
3.7.2 Global Airport Lounge Access Market: By Airline, Airport, Government Owned
3.7.3 Global Airport Lounge Access Market: By Privately Owned
3.8 Global Airport Lounge Access Market Segmentation: By Lounge Access Method
3.8.1 Global Airport Lounge Access Market, By Lounge Access Method Overview
3.8.2 Global Airport Lounge Access Market: By Loyalty Programs
3.8.3 Global Airport Lounge Access Market: By Credit/Debit Cards
3.8.4 Global Airport Lounge Access Market: By Digital & QR Code
3.8.5 Global Airport Lounge Access Market: By Walk In
3.8.6 Global Airport Lounge Access Market: By Airline Voucher
3.9 Global Airport Lounge Access Market Segmentation: By Application
3.9.1 Global Airport Lounge Access Market, By Application Overview
3.9.2 Global Airport Lounge Access Market: By Personal
3.9.3 Global Airport Lounge Access Market: By Business
4. Global Airport Lounge Access Market, Regional Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
For more information about this report visit https://www.researchandmarkets.com/r/wk9d96
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