Middle East travel catering market set to boom: studyMarch 5, 2016 - 16:34 AMT PanARMENIAN.Net - The global travel catering market is estimated to rise to 17.6 billion U.S. dollars by 2020 from the current 15 billion with the Middle East being expected to hold a "significant share," according to a study released on Saturday, March 5, Xinhua reports. As the Middle East's airlines are expected to carry more than 400 million passengers by 2020, compared to 144 million in 2012, "the region's travel catering market is set to witness a major growth to meet the rising number of passengers," the study released by the World Travel Catering and Onboard Services Expo Middle East 2016 said. The region has been witnessing new projects, massive expansion in the aviation sector and a further focus on tourism, which will further drive the demand for travel catering, it added. Daniyal Qureshi, event director of Travel Catering Expo, said "there is a massive growth in airline activity in the region triggered by the rising numbers of passengers and initiatives to boost tourism, which will create a significant growth in the region's travel catering requirements." According to International Air Transport Association (IATA), the share of international traffic carried by Middle East airlines increased to 14.2 percent and has surpassed North America. IATA also said in a report released last month that the Middle Eastern carriers' capacity grew 13.2 percent year on year. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. |