Airport Lounges Market Size (2024 - 2029)

The market size of Airport Lounges is anticipated to expand, driven by the increasing passenger traffic returning to pre-covid levels and the introduction of new lounges and services by airports globally. The growth is further propelled by credit and debit card companies initiating lounge service programs, offering passengers access to these facilities. This trend is expected to drive the market expansion over the forecast period, contributing to a rise in overall revenue.

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Market Size of Airport Lounges Industry

Airport Lounges Market Summary
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

Airport Lounges Market Major Players

*Disclaimer: Major Players sorted in no particular order
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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 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
North America
United States
Canada
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East and Africa

Airport Lounges Market Size Summary

The Airport Lounges market is projected to experience growth, driven by the increasing passenger traffic and the construction of new airports and expansion of existing ones. As airports globally recover from the impact of the pandemic, they are adding new lounges and upgrading existing ones to attract more passengers, thereby driving market growth. Credit and debit card companies are also contributing to this growth by introducing lounge service programs, which allow passengers to access lounge services at partnered airports and lounges. On a regional level, North America currently dominates the Airport Lounges market, with the United Arab Emirates boasting the most premium class lounges. However, Asia-Pacific, particularly emerging economies like India and China, is expected to see high growth rates due to the surge in their civil aviation markets. This growth is further fueled by ongoing airport construction projects in the region. The industry has several key players, including American Express Centurion Lounge, Plaza Premium Lounge, DreamFolks, Airport Dimension, and United Airlines, who are focusing on providing luxurious experiences and premium class lounges with amenities like spas and clubs. Collaborations and the introduction of new concept lounges are expected to drive the market further.

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Airport Lounges Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Service

      1. 2.1.1 Food and Beverage

      2. 2.1.2 Connectivity and Entertainment

      3. 2.1.3 Passenger Services

    2. 2.2 By Lounge Ownership

      1. 2.2.1 Airline, Airport, and Government Owned

      2. 2.2.2 Privately Owned

    3. 2.3 By Type

      1. 2.3.1 Economy Lounge

      2. 2.3.2 Premium Lounge

    4. 2.4 By Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 Italy

        4. 2.4.2.4 France

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 Latin America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Mexico

        3. 2.4.4.3 Rest of Latin America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 United Arab Emirates

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Rest of Middle East and Africa

Airport Lounges Market Size FAQs

The Airport Lounges Market is projected to register a CAGR of 6% during the forecast period (2023-2027).

DreamFolks, American Express - Centurion Lounge, Plaza Premium Lounge, Airport Dimensions and United Airlines are the major companies operating in the Airport Lounges Market.

Airport Lounges Report Snapshots