By Sharen Kaur
sharen@nstp.com.my
Published in NST on October 26, 2012
KUALA LUMPUR: The global catering industry is estimated to worth between STG8 billion and STG10 billion (RM39.12 billion and RM48.9 billion) currently and will grow annually, albeit at a slower pace, said an established professor.
Professor Peter Jones, who is also a hospitality educator and researcher, said there are several challenges slowing the growth of the industry.
"The market for all businesses today is becoming increasingly volatile due to climate change, food scarcity and terrorism. The aviation industry is also becoming less profitable.
"This is the downside for the airline catering point of view. All these will have an impact on their business," he said.
The International Air Transport Association (IATA) forecast global profits by airline companies for 2013 rising modestly to US$7.5 billion (RM22.89 billion), on the back of a net margin of just 1.1 per cent.
Jones, however, is upbeat on the future outlook of the industry as the number of existing aircraft globally will increase by twofold to 35,000 units, in the next 20 years.
Some 300-odd new routes will also be added to the current worldwide destinations, he said yesterday, at a seminar entitled "issues and challenges in airline catering", organised by Brahim's-Dewina Group.
"There will be more larger aircraft like the Boeing 747-830. This means passenger volume will grow, thus the need for more food. Smaller planes will start to disappear. The landscape for the aviation and catering industries will change," Jones said.
sharen@nstp.com.my
Published in NST on October 26, 2012
KUALA LUMPUR: The global catering industry is estimated to worth between STG8 billion and STG10 billion (RM39.12 billion and RM48.9 billion) currently and will grow annually, albeit at a slower pace, said an established professor.
Professor Peter Jones, who is also a hospitality educator and researcher, said there are several challenges slowing the growth of the industry.
"The market for all businesses today is becoming increasingly volatile due to climate change, food scarcity and terrorism. The aviation industry is also becoming less profitable.
"This is the downside for the airline catering point of view. All these will have an impact on their business," he said.
The International Air Transport Association (IATA) forecast global profits by airline companies for 2013 rising modestly to US$7.5 billion (RM22.89 billion), on the back of a net margin of just 1.1 per cent.
Jones, however, is upbeat on the future outlook of the industry as the number of existing aircraft globally will increase by twofold to 35,000 units, in the next 20 years.
Some 300-odd new routes will also be added to the current worldwide destinations, he said yesterday, at a seminar entitled "issues and challenges in airline catering", organised by Brahim's-Dewina Group.
"There will be more larger aircraft like the Boeing 747-830. This means passenger volume will grow, thus the need for more food. Smaller planes will start to disappear. The landscape for the aviation and catering industries will change," Jones said.
No comments:
Post a Comment