Flights - Zimbabwe

Zimbabwe

Highlights

By 2024, the revenue in Zimbabwe's Flights market is estimated to reach US$16.30m.
The market is expected to display a Compound Annual Growth Rate (CAGR 2024-2029) of 20.77%, resulting in a projected market volume of US$41.87m by 2029.
It is expected that the number of users will amount to 948.30k users by 2029.
User penetration is projected to be 2.7% in 2024 and 5.0% by 2029.
The anticipated Average Revenue Per User (ARPU) is US$35.70.
It is projected that 92% of the total revenue in the Flights market will be generated through online sales by 2029.
In terms of global comparison, United States is expected to generate the highest revenue, with US$143bn in 2024.
Zimbabwe's flight market is growing steadily, with an increasing number of airlines offering flights to and from popular destinations within the country.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Flights market in Zimbabwe has seen significant development and growth in recent years. Customer preferences have shifted towards more affordable and convenient travel options, leading to an increase in domestic and international flights. This trend can be attributed to several factors, including the rise of low-cost carriers, improved infrastructure, and a growing middle class.

Customer preferences: In Zimbabwe, customers are increasingly looking for affordable and convenient travel options. This has led to a surge in demand for low-cost carriers, which offer competitive prices and flexible schedules. Customers are also seeking out flights that provide a comfortable and enjoyable travel experience, with amenities such as in-flight entertainment and Wi-Fi becoming more important.

Trends in the market: One of the key trends in the Flights market in Zimbabwe is the rise of low-cost carriers. These airlines offer budget-friendly fares and have expanded their route networks to include popular domestic and international destinations. As a result, more people are able to afford air travel, leading to an increase in passenger numbers. Another trend in the market is the improvement of infrastructure. Zimbabwe has invested in upgrading its airports and expanding their capacity, allowing for more flights to operate. This has attracted both domestic and international airlines to increase their presence in the country, further boosting the market.

Local special circumstances: Zimbabwe has a rich tourism industry, with attractions such as Victoria Falls and national parks drawing visitors from around the world. This has contributed to the growth of the Flights market, as tourists seek convenient and efficient ways to reach these destinations. Additionally, the country's strategic location in southern Africa makes it an ideal hub for connecting flights to other countries in the region.

Underlying macroeconomic factors: The growth of the Flights market in Zimbabwe can also be attributed to underlying macroeconomic factors. The country has experienced relative stability and economic growth in recent years, which has increased disposable income and the ability to travel. Additionally, the government has implemented policies to attract foreign investment and promote tourism, further driving the development of the Flights market. In conclusion, the Flights market in Zimbabwe has experienced significant development and growth due to changing customer preferences, improved infrastructure, and favorable macroeconomic factors. The rise of low-cost carriers and the improvement of airport facilities have made air travel more accessible and convenient for customers. Additionally, Zimbabwe's rich tourism industry and strategic location have contributed to the growth of the market.

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.