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 Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. 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". Partner news | Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. Armenia: Rescue workers restore pedestrian bridge for flood-hit community Rescue workers on Wednesday, June 5 restored a pedestrian bridge in the town of Alaverdi in Armenia’s north. Turkey condemns Uruguay’s recognition of Armenian Genocide Turkey has condemned a newly passed law in Uruguay that recognizes the Armenian Genocide, TRT reports. |