Particle.news
Download on the App Store
3 ARTICLES
·
8h ago

Report Projects 600 Million Air Travelers in India by 2030, Spotlighting $29.5 Billion Aerocity Opportunity

The Knight Frank–NAREDCO study urges aerocity-led commercialisation to turn growing footfall into sustainable airport profits.

By 2030, airports will evolve into economic zones, with aerocities boosting non-aero revenues via retail, hospitality, and commercial leasing.
Image

Overview

  • India’s annual air passenger traffic is projected to rise from 412 million in FY25 to about 600 million by FY30, according to the report.
  • Non-aeronautical earnings could reach roughly $29.5 billion a year by 2030, with the study noting that even a $1 increase per passenger would deliver that scale of revenue.
  • Airports run under the PPP model generate 87% of India’s non-aero revenue while handling 64% of total traffic, highlighting their commercial outperformance.
  • Mumbai’s CSMIA and Delhi’s IGI earn $20.1 and $18.1 per passenger respectively, nearly matching London Heathrow at $21.6 and Tokyo Haneda at $19.9, with Mumbai ranked third globally and Delhi fifth.
  • The report positions aerocities as integrated hubs for retail, hospitality, offices, logistics and conventions that can create new business districts and steady income streams for operators.