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Growth in Middle East. Passenger growth has been strong in some of the fast-growing markets. The Middle East has recorded the highest growth rate in international traffic, beating the industry average of 5.5% in October. However, growth rate has slowed to 10.3% in October from 15.5% in September. This was supported by strong regional economies, improving business confidence, and expanding exports.
International traffic in Latin America increased by 6.5% in October, higher than the 4.6% recorded in September. Economic growth in Colombia, Peru, and Chile supported positive growth, although weakness in Brazil’s economy slowed its travel growth. Economic growth in Brazil has remained weak due to challenges related to currency volatility, high inflation, and weakening consumer confidence.

North America and Asia is expected to grow by 5.8% which is above average for the industry.