Private Jet Charter Industry Statistics Source Bing.com
The private jet charter industry has seen steady growth in recent years, with more and more individuals and businesses opting for this luxurious mode of transportation. In this article, we will explore some of the latest statistics in the industry.
Global Market Size
Global Market Size Of Private Jet Charter Industry Source Bing.com
According to a report by Market Research Future, the global private jet charter market size is expected to reach $32.4 billion by 2023, growing at a CAGR of 5.48% from 2018 to 2023. The increasing demand for air travel, coupled with the rise in disposable income, is driving the growth of the industry.
Types of Private Jets
Types Of Private Jets Source Bing.com
Private jets come in various sizes and models, each suited for different needs. Some of the most popular types of private jets include light jets, midsize jets, super-midsize jets, and large cabin jets. According to a report by JETNET, the most popular private jet model in 2020 was the Bombardier Challenger 350, with 43 deliveries.
Flight Volume
Flight Volume Of Private Jet Charter Industry Source Bing.com
In 2020, the private jet industry saw a significant increase in flight volume, with many individuals and businesses opting for private flights due to the COVID-19 pandemic. According to a report by WingX, private jet flight activity in Europe increased by 5.5% in 2020 compared to 2019, while the United States saw a 2.9% increase in private jet flights.
Top Private Jet Destinations
Top Private Jet Destinations Source Bing.com
Private jet travelers often visit some of the world’s most luxurious and exotic destinations. According to a report by PrivateFly, the most popular private jet destinations in 2020 included Nice, France, Ibiza, Spain, and Mykonos, Greece. These destinations are known for their beautiful beaches, stunning scenery, and vibrant nightlife.
Cost of Private Jet Charter
Cost Of Private Jet Charter Source Bing.com
The cost of private jet charter varies depending on several factors, including the type of aircraft, the distance traveled, and the duration of the flight. According to a report by PrivateFly, the average cost of a one-way private jet charter in 2020 was $12,500. However, prices can range from a few thousand dollars to tens of thousands of dollars per hour for larger jets.
Private Jet Ownership
Private Jet Ownership Source Bing.com
While private jet charter is popular, some individuals and businesses opt to purchase their own private jets. According to a report by JetNet, the number of private jets for sale decreased by 13.1% in 2020 compared to the previous year. This indicates a growing interest in private jet ownership.
Conclusion
The private jet charter industry continues to grow, with increasing demand for luxurious and convenient air travel. As more individuals and businesses opt for private flights, we can expect to see further growth and innovation in the industry.
