The Israel-Hamas war has not only had a negative impact on aviation to and from the Middle East – the effect is global, says leading travel analytics firm, ForwardKeys. Overall, the report says the world’s aviation market had dropped by five percent in the three weeks since the Hamas attack on Israel on Oct. 7 due to in a dent in consumer confidence to travel.
According to the Spain-based company, outbound flight bookings (based on tickets issued) from the Middle Eastern countries have fallen by 9% (comparative to 2019) since the outbreak of war, however, from the Americas, they slowed by 10%. In other markets, Europe (including Israel), Asia-Pacific, and Africa each slowed by two percentage points.
From a destination perspective, the growth in bookings to all regions of the world has slowed down, with the exception of Africa, which has continued to recover towards 2019 levels. Flight bookings to the Americas are down 6%, to Europe 3%, to Asia Pacific 1%. and to the Middle East 26%.
Within the region affected by the conflict, Israel has suffered the worst, with many airlines having cancelled flights. In the period since Oct. 7, flight bookings plummeted by 155%. (A fall in bookings of over 100% indicates that in addition to there being no new bookings, there have also been cancellations, depleting the existing stock of bookings.) It is followed by Saudi Arabia, down 67%; Jordan, down 54%; Lebanon, down 45%; and Egypt, down 35%. Flight bookings to Gulf nations as a whole have declined by 25%.
Olivier Ponti, VP Insights, ForwardKeys, said: “This war is a catastrophic, heartbreaking, human tragedy that we are all seeing daily on our TV screens. That is bound to put people off travelling to the region, but it has also dented consumer confidence in travelling elsewhere too.
“As of Oct. 6, bookings showed that global air travel in the last quarter of the year, Q4, would reach 95% of its 2019 level, but, as of Oct. 27, the outlook has fallen back by 7% and stands at 88%. The equivalent change in outlook for the Middle East is much more sobering, falling back 16% to 110%, from 126%, before the war began.”