Passenger traffic at UK airports 'increases 2% each year'
Passenger traffic at airports in the UK has increased by approximately 2% per annum over the last few years, according to new research from the Civil Aviation Authority (CAA).
Analysing four factors, including broader economic trends, competition with rail, attitudes towards the environment and aviation cost pressures, the CAA made a number of claims about the industry, some of which may interest those renting property abroad.
Dr Harry Bush, group director of economic regulation at the CAA, suggested that ownership of overseas property is likely to ensure demand for air travel remains high in the coming years.
"Looking to the longer term, demographic changes and ownership of homes abroad are ... likely to buttress air travel demand," he commented.
However, "relatively small changes in frequency of leisure travel between mid and higher levels of income" indicate that air-travel-demand growth is partly controlled by factors such as availability of leisure time, Dr Bush added.
Last summer, the CAA reported that the number of long-haul passengers travelling from UK airports increased from 32 million in 1996 to 47 million in 2006.
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