Singapore Changi Airport: China visitor numbers reinvigorate passenger growth
Singapore recorded the fastest growth in four years in 2016, driven by a surge in visitor numbers from China. The China-Singapore market grew by 15%, while total traffic at Changi Airport grew by 6%.
Changi should experience similar growth in 2017 as the airport makes final preparations for the new fourth terminal, which is slated to open in 2H2017. Inbound traffic from China will again drive a large portion of the growth in 2017, but Changi is also expecting growth in the emerging LCC transit segment.
Scoot is Singapore's fastest growing airline and is extending its network to Europe in 2017. Changi may also attract new European routes from other airlines, but regional capacity expansion within Asia will again drive most of the growth.
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