| Driving factors | Market growth |
|---|---|
| - | - |
| - | - |
| - | - |
| - | - |
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April 2016
Canada
2015
The source defines the driving factors as follows: Living standards: captures the clear relationship between a country's standard of living, as indicated by the projected GDP per person, and the predicted number of trips taken on average by inhabitants of that country.
Population & demographics: takes into consideration estimated changes in the demographic structure and population levels of a country, as these factors are expected to determine air travel demand in the future.
Price & liberalisation: reflects changes in the cost of air travel due to the implementation of new technologies, as well as more time-efficient traveling driven by regulatory changes or because more routes are available to customers.
Trade flows: takes into account Oxford Economics' forecasts of trade intensity because there is a positive correlation between a country's exports and imports as a proportion of the economy's total output and that country's propensity to travel.








