Global Airport Lounges Market Size, Share, and COVID-19 Impact Analysis, By Type (Airline Lounges, Pay-per-use Lounges), By Application (High Net Worth Individual, Other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033 Global Airport Lounges Market Size, Share, and COVID-19 Impact Analysis, By Type (Airline Lounges, Pay-per-use Lounges), By Application (High Net Worth Individual, Other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Industry: Aerospace & Defense

RELEASE DATE Jan 2024
REPORT ID SI3453
PAGES 200
REPORT FORMAT PathSoft

Global Airport Lounges Market Insights Forecasts to 2033

  • The Market Size is Growing at a CAGR of 7.5% from 2023 to 2033
  • The Worldwide Airport Lounges Market Size is Expected to Hold a Significant Share by 2033
  • Asia-Pacific expected to grow the fastest during the forecast period

 

Global Airport Lounges Market

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The Global Airport Lounges Market Size is Anticipated to Hold a Significant Share by 2033, Growing at a CAGR of 7.5% from 2023 to 2033.

 

Market Overview

Airport Lounge Services are known by several names and have various connotations. Certain lounges can offer their patrons the level of service found in five-star hotels. Within lounges are free cafes and restaurants. Depending on the airport, there may be TVs, computers, and other technological equipment. Passengers' duration of stay is taken into account when designing lounges. Because of this, there are comfortable seats or couches where patrons can unwind. Children's play areas, master bedrooms, and prayer rooms for specific purposes can also be found in lounges. Lounges can be purchased separately or offered as part of the boarding pass package. Lounges can go by a variety of titles both domestically and internationally, including First Class, Business, Primeclass, ISG, and VIP lounges. But the term "lounge" is constantly used. Depending on the airline carrier providing the service, lounges go under many names. Services are comparable, though. The growing tendency of using flights to save time and the rising disposable income of middle-class individuals are driving the overall growth of the airport lounge market. As more businesses do business globally and rely on air travel for meetings and conferences, there will surely be a rise in demand for airport lounges.

 

Report Coverage

This research report categorizes the market for the global airport lounges market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global airport lounges market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global airport lounges market.

 

Global Airport Lounges Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :7.5%
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Type, By Application, By Region
Companies covered:: Delta Sky Club, United Airlines, Aspire (Swissport), American Airlines, Air France, Airport Dimensions, American Express, FNB Bank, Star Alliance, TAV, Plaza Premium and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Travelers are looking for a more convenient and comfortable experience, especially business and frequent travelers. Airport lounges appeal to tourists seeking a more upscale travel experience because they offer a plush setting with individualized services. The aviation business is seeing tremendous growth due to various factors like rising disposable incomes, globalization, and enhanced connectivity. The need for airport lounges is growing as more people take to the skies. The passenger experience has been completely transformed by the incorporation of technology in airport lounges. Smartphone apps for digital check-in, high-speed internet access, and lounge access have made the process more efficient and easier and have contributed to the market's growth.

 

Restraining Factors

Airport lounge access is frequently expensive. The potential growth of the market may be restricted by certain passengers' reluctance to pay the high cost of lounge admission, particularly those who are leisure travelers or on a low budget. Not every airport or passenger can access an airport lounge. Airlines, frequent flyer programs, and holders of premium tickets are typically the only ones allowed access, which limits the potential clientele for airport lounge operators. Although airport lounges provide a variety of facilities and services, travelers now have other choices for rest and relaxation, including sleep pods, in-terminal spas, and paid access to first-class aircraft seats. The market expansion for airport lounges is threatened by this heightened competition.

 

Market Segmentation

The Global Airport Lounges Market share is classified into type and application.

  • The airline lounges segment is expected to grow at the fastest pace in the global airport lounges market during the forecast period.   

The airport lounges market is categorized by type into airline lounges, pay-per-use lounges. Among these, the airline lounges segment is expected to grow at the fastest pace in the airport lounges market during the forecast period. These lounges are run by the airlines and are frequently only available to customers or members of their frequent flyer programs. They serve customers travelling on that particular airline and provide services that are branded to fit the airline's image.

 

  • The high net worth individual segment is expected to grow at the highest pace in the global airport lounges market during the forecast period.    

Based on the application the global airport lounges market is divided into high net worth individual, others. The high net worth individual segment is expected to grow at the highest pace in the airport lounges market during the forecast period. The market's expansion may be ascribed to the rising demand for airport lounge services among high-net-worth individuals and other applications on a worldwide scale. At the national level, the research offers insights into the profitable potential in the airport lounge service market.

 

Regional Segment Analysis of the Global Airport Lounges Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global airport lounges market over the predicted timeframe.

North America

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North America is projected to hold the largest share of the global airport lounges market over the predicted years. This is because there are numerous well-established airport lounge networks in North America that serve both domestic and foreign travelers. The North America experience a lot of air travel because of their large population and wide geographic area, which makes airport lounges more important to meet the needs of contemporary travelers.

Asia-Pacific is expected to grow at the fastest pace in the global airport lounges market during the forecast period. This is due to the rapid development of airports and rising air travel in nations like China and India, the market for airport lounges is expanding rapidly in the Asia-Pacific area.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global airport lounges along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Delta Sky Club
  • United Airlines
  • Aspire (Swissport)
  • American Airlines
  • Air France
  • Airport Dimensions
  • American Express
  • FNB Bank
  • Star Alliance 
  • TAV
  • Plaza Premium

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In August 2021, the World Travel Awards recognized the Star Alliance Los Angeles lounge as North America's Leading Airport Lounge.

 

  • In October 2022, at Denver Airport, United Airlines launched ClubFly, a new lounge concept that it describes as a "grab-and-go" club. Automated gate entry provides entrance to the lounge, and pass holders who qualify can use the amenities by scanning their passes. Coffee, non-alcoholic beverages, and grab-and-go fare including salads, sandwiches, wraps, and so on are available at the lounge. A few lounge operators are working together as well.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Airport Lounges Market based on the below-mentioned segments: 

 

Global Airport Lounges Market, By Type

  • Airline Lounges
  • Pay-per-use Lounges

 

Global Airport Lounges Market, By Application

  • High net worth individual
  • Others

 

Global Airport Lounges Market, By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. Which are the key companies that are currently operating within market?
    Delta Sky Club, United Airlines, Aspire (Swissport), American Airlines, Air France, Airport Dimensions, American Express, FNB Bank, Star Alliance, TAV, Plaza Premium, and others.
  • 2. Which region is holding largest share of market?
    North America is anticipated to hold the largest share of the global airport lounges market over the predicted timeframe.

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