Global Airport Lounges Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Airport Lounges Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Airport lounges give access to passengers with specific premium flight tickets (i.e. business or first class), status levels or for having certain credit cards in their wallet. Passengers can also sometimes purchase access for a year or even just a day. Terms apply.

Market Overview:

The latest research study on the global Airport Lounges market finds that the global Airport Lounges market reached a value of USD 3768.83 million in 2022. It’s expected that the market will achieve USD 8317.94 million by 2028, exhibiting a CAGR of 14.1% during the forecast period.

Consumption level upgrade

As people's consumption level is getting higher and higher, the public's demand for transportation infrastructure is gradually increasing, and the number of routes and flights is greatly increasing. This brings convenience to people, and at the same time, it also makes the economy develop towards prosperity. The huge increase of airport throughput also makes the reception of Airport Lounges grow very fast.

At present, more and more consumers choose airplanes as the most important mode of transportation when traveling. With the increase of the total household income, the proportion of the amount of household spending on clothing, transportation, entertainment culture, education, etc. in the total household income will increase rapidly. As people are more and more seeking to reach their destination quickly, flying traffic will become one of the first choices in people's life and work. In addition to the pursuit of rapid transportation, consumers also hope to enjoy more convenient and distinguished services at the starting point of transportation and during flight, which is one of the main driving forces for the development of Airport Lounges market. With the trend of consumption upgrading, users have higher requirements for service quality, and Airport Lounges can make users travel more comfortably. From the basic rest stop before the flight delay to the advanced space equipped with spa, hair salon, pool table and bar-for many frequent flyers, the investment is worth it.

Rationalization of customer consumption continues to strengthen

Rational consumption has become a mainstream trend, which makes the consumption pattern change from official reception to individual consumption. In the process of purchasing services, cost performance has become the main concern. For a long time, the banking industry provided free Airport Lounges to its high-end customers by purchasing Airport Lounges naming rights, but now these high-end customers have to pay their own service fees if they want to continue to enjoy VIP services. Customers will think rationally when purchasing products, and the market demand for Airport Lounges will decrease.

Region Overview:

Geographically, North America held the largest market share – 30.95% in 2022.

Company Overview:

Delta Sky Club is one of the major players operating in the Airport Lounges market, holding a share of 9.26% in 2023.

Delta Sky Club

Delta provides scheduled air transportation for passengers, freight, and mail over a network of routes. The Company offers flight status information, bookings, baggage handling, and other related services. Delta Sky Club be your destination between destinations. With more than 50 locations, the Club offers complimentary cocktails, fresh and healthy food options, free high-speed Wi-Fi and more.

Plaza Premium

With a mission to Make Travel Better, Plaza Premium Group is the pioneer and industry leader. Established in 1998 and headquartered in Hong Kong, the group comprises five core business segments - airport lounges Plaza Premium First and Plaza Premium Lounge; airport hotel and leisure service Aerotel and Refreshhh by Aerotel; airport meet & greet service Allways and a range of Airport Dining concepts.

Segmentation Overview:

As for product types, the Business Services segment held the largest market share in 2022.

Application Overview:

In the Airport Lounges market, 64.76% of the total value was generated through the Business segment by application in 2022.

Key Companies in the global Airport Lounges market covered in Chapter 3:

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

In Chapter 4 and Chapter 14.2, on the basis of types, the Airport Lounges market from 2018 to 2029 is primarily split into:

Business Services
Spa
Sleeping PODs and Rooms
Walk-in
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Airport Lounges market from 2018 to 2029 covers:

Personal
Business

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)