The Air Transport Gross Value Added (GVA) in the Philippines is expected to experience robust growth from 2024 to 2028. The forecasted data indicate a steady year-on-year increase in GVA at a constant 2018 value, with notable percentage growth rates: 15.24% in 2024, 15.72% in 2025, 16.19% in 2026, 16.66% in 2027, and 17.11% in 2028. In 2023, the GVA stood at a historical figure reflecting post-pandemic recovery and restructuring within the air transport sector. The compound annual growth rate (CAGR) over this five-year horizon demonstrates a consistent upward trend, reflecting increased demand for air travel and expanded operational capacity.
Future trends to watch for include:
- The impact of technological advancements in aircraft efficiency and sustainability on operational costs and environmental compliance.
- Government policies and investments in infrastructure improvements and regulatory frameworks supporting the aviation industry.
- Potential global economic fluctuations and their effects on travel demand, especially in the post-pandemic recovery phases.
- Changes in consumer behavior and preferences for air travel, including considerations for health and safety.
- Partnerships and collaborations among major airlines, influencing market competition and service quality.
