The Flights market in Ethiopia has seen significant development and growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all played a role in shaping the current state of the industry. Customer preferences in the Flights market in Ethiopia have shifted towards increased convenience and affordability. With the rise of low-cost carriers and online booking platforms, travelers are now able to find and book flights more easily and at competitive prices. Additionally, there has been a growing demand for direct flights to popular destinations, as travelers seek to minimize layovers and reduce travel time. Trends in the market indicate a strong growth in domestic and international travel. Ethiopia's tourism industry has been experiencing a boom, with more and more tourists flocking to the country to explore its rich cultural heritage and natural beauty. This has led to an increase in the number of international flights and the expansion of routes offered by airlines. Furthermore, domestic travel has also seen a surge, as more Ethiopians are now able to afford air travel and take advantage of the growing number of domestic flights. Local special circumstances have also contributed to the development of the Flights market in Ethiopia. The country's strategic location and its status as a major hub for both regional and international travel have attracted airlines to establish operations in Ethiopia. The Ethiopian government has also been proactive in promoting the aviation industry, investing in infrastructure development and implementing policies to attract foreign airlines and encourage domestic carriers. Underlying macroeconomic factors have played a crucial role in the growth of the Flights market in Ethiopia. The country's strong economic growth, coupled with a rising middle class and increasing disposable income, has led to a higher demand for air travel. Additionally, the government's focus on infrastructure development, including the expansion of airports and the improvement of air connectivity, has further supported the growth of the industry. In conclusion, the Flights market in Ethiopia has experienced significant development and growth due to changing customer preferences, emerging market trends, local special circumstances, and underlying macroeconomic factors. As the country continues to invest in its aviation infrastructure and attract more airlines, the industry is expected to continue its upward trajectory in the coming years.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of flights.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
