(25 Feb 2021)
Boeing anticipates airlines in Southeast Asia will
need 4,400 new airplanes valued at US$700 billion to support
expanding demand for air travel over the next 20 years.
The intra-Southeast Asian market will become the
fifth largest in the world by 2039, and the vast domestic and
regional air-travel network across the region positions it well
for a post-pandemic recovery, according to Boeing’s 2020
Commercial Market Outlook (CMO).
With low-cost carriers providing affordable
service and added capacity, the CMO projects passenger traffic
growth in Southeast Asia to grow by 5.7% annually throughout the
forecast period. Through the period,
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar,
LAGUNA, Philippines — The Department of Tourism (DOT) elevates cultural tourism and ecotourism in the new normal as these will heighten domestic travel in the province amidst the pandemic.
Tourism Secretary Bernadette Romulo-Puyat reiterates that the DOT will promote Laguna as a safe and sustainable tourist destination. This strategy to highlight Laguna’s cultural and ecotourism sites was arrived at as the DOT Region 4A