Airport arrivals set to boost local trade and travel industries

  

City Of Cape Town Isixeko Sasekapa Stad Kaapstad


The most recent passenger arrival figures from Cape Town International Airport (CTIA) are the clearest sign yet that the metro’s trade and travel-related industries - and the economy at large - are set for re-growth in 2022. According to the airport’s data, Cape Town welcomed 869 119 air passengers between October and December last year, representing a 58% recovery of 2019 volumes in the same period. Read more below:                                                                                                                                                                          

These numbers were largely driven by domestic travellers of whom 733 207 made their way to Cape Town in the three-month period. By the last two weeks of December, the average number of daily passengers at Cape Town International Airport increased to 20 339 and flight movements rose to 184 per day.

‘The figures certainly would have been much higher had international governments not slapped travel restrictions on South Africa and indeed, as many of them began to stop their bans, flight bookings began to climb, data from the International Air Transport Association shows.

‘This latest information underscores the value of aviation to travel and trade in the metro. Every air traveller that lands in Cape Town helps to support our economy and create more jobs,’ said Alderman James Vos, Mayoral Committee Member for Economic Growth.

In 2019, the airport alone helped funnel just under R14 billion into Cape Town and supported over 28 000 jobs. In fact, an International Air Transport Association report from 2017 reported that the industry funnelled around US$9.4 billion into South Africa’s GDP.

‘As such, my officials and I have already had discussions with Wesgro to promote investment and export possibilities. I am determined to get the ball rolling on this.

‘In this plan, we will prioritise the Air Access initiative and programmes focused on boosting Cape Town’s access to key source markets, which would allow for more exports of Mother City-made goods to the world,’ said Alderman Vos.

Air Access, which is facilitated by Wesgro and receives funding from the City, is tasked with promoting, developing and maintaining national and international air routes to and from Cape Town International Airport.

Despite the turbulence of the country’s economy and various international crises, the initiative has helped to drive passenger and cargo air traffic to Cape Town. Prior to the pandemic, Air Access helped to establish 19 new routes and 23 route expansions and added 1,5 million passenger seats. International air cargo volumes through CTIA experienced a 10% compound annual growth rate between 2015 and 2019. In 2021, the initiative was pivotal to landing flights from international destinations.

‘Additionally, we will work with Wesgro to expand on programmes that will connect Cape Town with more export markets. Exporting more goods means increased production, which means more jobs and a stronger economy. There is no time to waste. Let us seize these opportunities that await Cape Town,’ said Alderman Vos.

Distributed by APO Group on behalf of City Of Cape Town Isixeko Sasekapa Stad Kaapstad.

Send us your press releases to pressrelease.zawya@refinitiv.com


© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases