Earlier, enjoying a joyful aerial tour of the iconic places was a restricted privilege entitled only to the upper crust. Helicopters were not so easily available to everyone and the cost of leasing or renting a helicopter was extremely expensive; however, the scenario has changed at present and it has become an easy and convenient way of transportation for travel enthusiasts owing to the features rendered including comfort, upgraded safety systems, and ability to fly under a variety of conditions. Additionally, helicopter companies offer optimum and popular deals that reduces the overall cost of travelling and sightseeing in helicopters.
With the rapid growth in air travel, helicopters are being used for many purposes including medical emergencies, sports coverage, and tourism. Although helicopter tourism is at a nascent stage of development, it provides a new dimension to the travel and tourism industry and is anticipated to grow during the forecast period at a CAGR of nearly 3 percent as per the analysts at Technavio.
A Bird’s Eye View; Driving Factors in Helicopter Tourism Market
The aviation industry is positively affected with the considerable decline in crude oil prices over the past few years. While the substantial decline in the crude oil prices poses a major challenge for oil equipment companies, it is a significant advantage for helicopter companies, as the standard aviation fuel prices also declines resulting in the reduced operating cost which also lowers the air fare. Thus, it becomes a favorable situation for people to afford air travel which has led to the growing demand in the global helicopter tourism market.
In the congested urban areas, the conventional methods of transportation have not been able to keep up with the growing population, entailing the need for alternative commuting solutions. This situation has risen demand for helicopters enabling a surge of new entrants in the market.
Helicopters fly lower than airplanes enabling the passenger to experience a better view of the landscape. Apart from that, they can take off and land on most terrains, and their maneuvering dexterity enables them to travel to hard-to-reach places, allowing for a unique tour experience.
The travel and tourism industry serves as a major source of income for many countries, surpassing the IT industry in terms of revenue generation which has led to rising demand in the global helicopter tourism industry over the past few years.
Prominent Players in Global Helicopter Tourism Market:
- Birds Eye View Helicopters
- Chicago Helicopter Tours
- Liberty Helicopter
- Maverick Helicopters
- Sundance Helicopters
Technavio Research Solutions:
We have done a comprehensive study on Global Helicopter Tourism Market based on in-depth market analysis with inputs from industry experts. The report covers the detailed insights of the industry including key vendors, growth prospects, challenges and other related aspects.
