The number of air travelers and aviation-related jobs in Singapore might more than double in 20 years, according to a new study by a worldwide airline company body. This would increase the industry's contribution to Singapore's gross domestic product by the exact same quantum to an approximated US$ 65 billion (S$ 88 billion) in 2035, stated the International Air Transport Association (IATA).
Singapore will remain one of the smallest flight markets in the Asia- Pacific by traveler numbers but its development will surpass that of numerous neighboring markets consisting of Malaysia, Thailand and Hong Kong.
The forecast bodes well for Singapore, which is investing billions in brand-new facilities and facilities to prepare for the growth in Asia's flight market, market professionals stated.