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Ing Guatemala Economic Benefits of Air Transport in Guatemala Economic Benefits of Air Transport in Guatemala Acknowledgements Oxford Economics acknowledges the assistance from the International Air Transport Association (IATA) in the preparation of this report. Oxford Economics 2018 2 THE IMPORTANCE OF AIR TRANSPORT TO GUATEMALA The air transport sector makes a major contribution to the economy of Guatemala 75,900 DIRECT SUPPLY EMPLOYEE TOURISM JOBS CHAIN SPENDING SUPPORTED BY THE AIR TRANSPORT SECTOR $1.1 BILLION GROSS VALUE ADDED CONTRIBUTION TO GDP 3,200 7,000 6,200 59,500 JOBS JOBS JOBS JOBS 1% GDP SUPPORTED BY AIR TRANSPORT & FOREIGN TOURISTS ARRIVING BY AIR US $163 US $85 US $75 US $777 MILLION GROSS VALUE ADDED It creates jobs... which are subsequently spent on foreign tourists supports a further consumer goods and services. $777 million gross value added Airlines, airport operators, contribution to the country’s GDP. airport on-site enterprises Foreign tourists arriving by air (restaurants and retail), to Guatemala, who spend their This means that 1 percent of the aircraft manufacturers, and air money in the local economy, country’s GDP is in some way navigation service providers are estimated to support an dependent on the air transport employ 3,200 people in additional 59,500 jobs. sector and foreign tourists Guatemala.1 In addition, by arriving by air. buying goods and services ...and generates wealth from local suppliers the sector supports another 7,000 jobs. The air transport industry On top of this, the sector is is estimated to support a estimated to support a further $323 million gross value 6,200 jobs by paying wages to added contribution to GDP in its employees, some or all of Guatemala annually. Spending by 1 All figures relate to calendar year 2017 unless otherwise noted. The importance of air transport to Guatemala Air transportation facilitates exports, foreign direct investment, and tourism Exports, FDI, and inbound tourist spending Air transport brings billion in Guatemala each year, services to other countries. tourists and investment supporting restaurants, hotels, Over time, the country has into Guatemala, and helps transport providers, and accumulated $15 billion in businesses trade their goods others who cater to tourists. foreign direct investment.2 and services around the world. In addition, Guatemala exports Foreign tourists spend $1.6 $14 billion worth of goods and The most popular direct flight links to Guatemala: Country Flights per year 1 1. United States 4,500 2. Mexico 2,500 3. Costa Rica 10 1,900 4. Honduras 1,600 5. Panama 1,500 2 6. El Salvador 1,400 8 7. Nicaragua 720 8. Belize 480 4 9. Colombia 320 7 10. Spain 220 6 3 5 9 US $15 US $1.6 US $14 BILLION BILLION BILLION INVESTMENT FOREIGN TOURIST EXPORTS EXPENDITURE MONEY FLOWING INTO GUATEMALA 2 FDI is stated in 2016 prices and exchange rates. The importance of air transport to Guatemala The air transport sector connects people around the world 134,000 1.4 MILLION 1.3 MILLION Arrivals by region, number Number of direct flight destinations from Guatemala to the of passengers world’s 10 biggest aviation markets, measured by passengers Latin America and the United States Caribbean and Europe are the largest sources of China arrivals to Guatemala after North America. Japan 1.3 million passengers arrived United Kingdom to Guatemala from Latin America and the Caribbean India (46.4 percent of the total) 11 and 134,000 passengers Indonesia DIRECT FLIGHT DESTINATIONS IN arrived from Europe (4.7 THE 10 BIGGEST percent of the total). Spain AVIATION MARKETS Germany Brazil Italy The importance of air transport to Guatemala Ease of travel, cost competitiveness, and infrastructure are vitally important Number of passengers travelling annually through the Key infrastructure facts about country’s main airports Guatemalaa’s air transport Around 40,600 aircraft land 2 1 3MILLION every year. La Aurora LA AURORA INTERNATIONAL International airport carried 142,000 3 the most passengers. The 2 MUNDO MAYA INTL airport helps about 3 million people take flight annually. 4 Guatemala City 3 6,300 1 PUERTO BARRIOS 130 NUMBER OF 4 RETALHULEU OPERATING 4 AIRLINES 40,600 AIRPORTS LANDINGS AND 21 TAKEOFFS Infrastructure quality Survey evidence of 23 priorities toto adadvancevance the score: 4/7 infrastructure and ease of travel aviationaviation agenda:agenda 1. Align regulatory framework with Executives surveyed by the 1. Pglobalromo bestte and practices. align World Economic Forum regulatory framework with suggest that Guatemala’s air 2. Ensureglobal competitivebest practi costsces. and Visa openness score3: transport infrastructure quality efficient administration in airports 3/10 ranks 18th out of 24 countries 2. Pthroughromot eopen inte rcommunicationnational with included in the survey in Latin sthetanda industry.rds and best practices America and the Caribbean towards development of and 97th globally. 3. nEnsureew ai rtransparencyports. and Cost competitiveness participation of the industry in score4: 9/10 Guatemala ranks 13th out infrastructure planning and of 24 in Latin America development across Central America. and the Caribbean for visa openness and 2nd for cost competitiveness. 3 Entry visa requirements for a tourism visit from worldwide source markets (10 = no visa required for visitors from all source markets, 0 = traditional visa required for visitors from every source market). 4 Based on ticket taxes, airport charges, and VAT (10=low cost, 0=high cost). August 2018 This report is one of For more information, please Oxford Economics prepared several that examine the visit www.IATA.org or contact: this report with IATA’s support. air transport sector’s importance around the Ian Saxon All currency values are in world. Access them all from [email protected] US dollars at 2017 prices IATA’s website. Tel: +44 (0)203 910 8064 and exchange rates, unless otherwise stated. Sources: IATA, Oxford London All figures pertain to Economics, UNCTAD, Broadwall House, 21 Broadwall, calendar year 2017, unless International Monetary Fund, London, SE1 9PL, UK otherwise stated. and national statistics. www.oxfordeconomics.com .
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