According to IATA, Vietnam is one of the fastest growing aviation markets globally and it will be the fifth fastest-growing market by 2035. Vietnam had been the leading market in Asia-Pacific in terms of air passenger growth in the last five years with 28.9%, which is more than double the second lead market China. Over the last decade, the average growth rate has been 17.4%, far higher than the 7.9% growth in Asia. The key-driven factors are Vietnam joining several free trade agreements, a growing tourism industry with 19% growth rate for domestic passengers and 29% for international travelers in 2017, and the emergence of low-cost carriers.
To cope with the explosive growth of passengers to Vietnam, Vietnam’s government is striving to develop and expand airport capacity to handle the situation. The Vietnam Airport & Aviation Development Summit 2019 will attract around 200 senior executives in the region to discuss about the most pressing issues in this market and tackle challenges through joint efforts and technology innovations.
Dr Andreas Jahnke, Managing Director at Lufthansa Consulting, will take part in the panel discussion about delivering the best passenger experience in future airport and the challenges.