Airport Lounges Market Size
| Study Period | 2018-2027 |
| Base Year For Estimation | 2021 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Airport Lounges Market Analysis
The Airport Lounges market is expected to grow at a CAGR of 6% during the forecast period.
With the passenger traffic increasing and returning to the normal pre-covid level, the airport lounge market has become stable. Airports around the world have started adding new lounges and add new lounge services to the existing lounges to attract more passengers to avail of the lounge services, which in turn act as a driver for the market, resulting in rising in the overall revenue of bars.
Many credit and debit card companies have started lounge service programs with which the passenger can avail of lounge services at the airports and lounges that these banks have partnered with, which is expected to drive the market growth over the forecast period. The report offers market size and forecast for all the above segments in value (USD billion).
Airport Lounges Market Trends
This section covers the major market trends shaping the Airport Lounges Market according to our research experts:
Construction of New Airports and Expansion of Existing Airports Will increase the Demand for Airport Lounge Market During the Forecast period
Many countries have been planning to construct new airports with the increase in air passenger traffic. In March 2022 Indian aviation ministry approved the construction of 21 greenfield airports in the country. According to the Center for Aviation report, a total of 633 projects are ongoing at existing airports globally, and the amount estimated for the projects collectively is about USD 565.7 billion. New airports would allow the market to grow, as more lounges will be constructed for passengers. Airports worldwide have faced losses during the covid and are currently recovering. The expansion of the existing airports has increased to accommodate the passenger and meet the air passenger traffic. For instance, at Newark International Airport in the United States, a new terminal, Terminal A, has been constructed and will be unveiled in November 2022. The terminal has nearly 30,00 sq ft dedicated to four different lounges, one of which is the American Express Centurion lounge spread across an 18,000 sq ft area. This lounge has a piano lounge, a Jersey jazz-themed bar, and a speakeasy-themed cocktail lounge. American Express is also planning on adding wellness rooms, workstations, and multiple food buffets.
Asia-Pacific is expected to Grow During the Forecast period
Currently, North America holds the biggest share in the Airport Lounges market, and the United Arab Emirates has the most and best premium class lounges. But Asia-Pacific has become a significant hub for the aviation industry. The emerging economies in the region, like India and China, are experiencing a massive surge in their respective civil aviation markets due to an increased demand for air travel. Hence, the revenues from Asia-Pacific are projected to witness a high growth rate during the forecast period. According to a report released by the Centre of Aviation in March 2022, Asia-Pacific holds the largest number of ongoing airport construction projects, 40.2% of the global value, and the estimated value is USD 227 billion. Along with these two major countries, Singapore and Australia also witness growth in the airport lounge market. According to a statement released by the Ministry of Civil Aviation, it is expected that the number of airport lounges in India will increase to 150-160 by 2030. In October 2022: JP Morgan opened a new lounge, the Chase Sapphire, at Hong Kong International Airport. This is an upgrade to the already existing The Club lounge, located at the terminal 1 of the airport.
Such developments are likely to propel the growth of the airport lounges market over the forecast period.
Airport Lounges Industry Overview
The Airport Lounges market has several players, and the market's concentration is moderate. American Express Centurion Lounge, Plaza Premium Lounge, DreamFolks, Airport Dimension, and United Airlines are some of the prominent players in the market. Airport Lounge providing airlines and companies are now concentrating on providing more comforting and luxurious experiences to travelers and working on premium class lounges with amenities such as spas, clubs, etc.; in October 2022, United Airlines unveiled its new lounge concept, ‘ClubFly,’ at Denver Airport, which is described as a ‘grab-and-go’ lounge. The lounge can be accessed via automated gate entry, and eligible travelers can avail of the services by scanning their passes. The lounge has coffee, non-alcoholic drinks, and on-the-go food like sandwiches, salads, wraps, etc. A few lounge companies are collaborating as well. In November 2022, Airport Dimensions and AMBAAR Lounge opened two new Ambaar Club lounges at Salvador Bahia International Airport, Brazil. Collaborations and new concept lounges such as the aforementioned will drive the market during the forecast period.
Airport Lounges Market Leaders
DreamFolks
American Express - Centurion Lounge
Plaza Premium Lounge
Airport Dimensions
United Airlines
*Disclaimer: Major Players sorted in no particular order
Airport Lounges Market News
November 2022: The Hamad International Airport unveiled its new ‘Orchard’ business class lounge, built around an indoor garden. The airport will have four new lounges, Al Mourjan Business Lounge – The Garden, Al Mourjan Business Lounge – North, Platinum and Gold lounge – North, and Silver Lounge – North.
June 2022: Capital One has opened its first lounge at Dallas/Fort Worth International Airport. The lounge consists of regionally inspired-food and drinks. Capital One has also announced that it will open two more lounges, one at Denver International Airport and one at Washington Dulles International Airport.
Airport Lounges Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Service
5.1.1 Food and Beverage
5.1.2 Connectivity and Entertainment
5.1.3 Passenger Services
5.2 By Lounge Ownership
5.2.1 Airline, Airport, and Government Owned
5.2.2 Privately Owned
5.3 By Type
5.3.1 Economy Lounge
5.3.2 Premium Lounge
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 Italy
5.4.2.4 France
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Mexico
5.4.4.3 Rest of Latin America
5.4.5 Middle East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share **
6.2 Company Profiles *
6.2.1 United Airlines
6.2.2 American Express - Centurion Lounge
6.2.3 DreamFolks
6.2.4 Airport Dimensions
6.2.5 Plaza Premium Lounge
6.2.6 Marhaba Lounge
6.2.7 Qantas Lounge
6.2.8 Cathay Pacific Lounge
6.2.9 Lufthansa Lounge
6.2.10 Escape Lounge
6.2.11 American Airlines
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Airport Lounges Industry Segmentation
The airport lounge market is segmented by type of service, ownership type, lounge type, and by geography. By service type, the market is segmented into food and beverages, connectivity and entertainment, and passenger services.
By type, the market is segmented into Food and Beverages, Connectivity and Entertainment, and Passenger Services. By ownership type, the market is segmented into Airline, Airport, Government owned, and Privately Owned. By type of lounge, the market is segmented into the economy lounge and premium lounge. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and the rest of the world. The report also offers the market sizes and forecasts for the aviation market in major countries across all the regions. The market sizes and forecasts for each segment are represented by value (USD billion).
| By Service | |
| Food and Beverage | |
| Connectivity and Entertainment | |
| Passenger Services |
| By Lounge Ownership | |
| Airline, Airport, and Government Owned | |
| Privately Owned |
| By Type | |
| Economy Lounge | |
| Premium Lounge |
| By Geography | |||||||
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Airport Lounges Market Research FAQs
What is the current Airport Lounges Market size?
The Airport Lounges Market is projected to register a CAGR of 6% during the forecast period (2023-2027).
Who are the key players in Airport Lounges Market?
DreamFolks, American Express - Centurion Lounge, Plaza Premium Lounge, Airport Dimensions and United Airlines are the major companies operating in the Airport Lounges Market.
Which is the fastest growing region in Airport Lounges Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2027).
Which region has the biggest share in Airport Lounges Market?
In 2023, the North America accounts for the largest market share in the Airport Lounges Market.
Airport Lounges Industry Report
Statistics for the 2023 Airport Lounges market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Airport Lounges analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
