Key regions: Germany, China, Saudi Arabia, Malaysia, Thailand
The Flights market in Jordan has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in the Flights market in Jordan have been shifting towards more affordable and convenient travel options. With the rise of low-cost carriers and online travel agencies, travelers are now able to compare prices and book flights more easily. This has led to increased competition among airlines, resulting in lower fares and more options for consumers. Additionally, customers are increasingly looking for flexibility in their travel plans, with a preference for airlines that offer easy booking changes and refunds. Trends in the market have also played a role in the growth of the Flights market in Jordan. One notable trend is the increasing popularity of domestic travel. With the development of new infrastructure and the promotion of domestic tourism, more Jordanians are choosing to explore their own country. This has led to an increase in domestic flights and the expansion of routes within Jordan. Another trend is the growth of international tourism in Jordan. The country's unique historical and cultural attractions, such as Petra and the Dead Sea, have attracted a growing number of international visitors. As a result, airlines have increased their flight frequencies and launched new routes to cater to this demand. Local special circumstances have further contributed to the development of the Flights market in Jordan. The country's strategic location in the Middle East has made it a hub for connecting flights between Europe, Asia, and Africa. This has attracted both airlines and passengers, as it offers convenient connections and transit options. Additionally, the government of Jordan has implemented policies to promote the aviation industry and attract foreign airlines. These policies include the reduction of airport fees and the establishment of air transport agreements with other countries. These initiatives have helped to stimulate the growth of the Flights market in Jordan. Underlying macroeconomic factors have also played a significant role in the development of the Flights market in Jordan. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and a growing middle class. This has resulted in a higher demand for air travel, both for business and leisure purposes. Additionally, the government has invested in improving airport infrastructure and expanding capacity, which has facilitated the growth of the aviation industry in Jordan. In conclusion, the Flights market in Jordan has experienced significant growth due to changing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The increasing popularity of affordable and convenient travel options, the rise of domestic and international tourism, the country's strategic location, and government policies to promote the aviation industry have all contributed to this development.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of flights.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.
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