Growth in premium travel slowed in March, according to IATA’s monthly assessment of premium and economy travel.
The figures showed premium travel up just 1.9 per cent, compared to 4.1 per cent in February.
IATA said passenger volumes have declined over recent months, consistent with weakening demand drivers. It said the notable part of premium travel slowdown was in China, where business activity has been contracting since January.
The figures showed almost all routes slowed in March relative to the February year-on-year comparisons.
“The premium travel outlook remains broadly positive, but prior improvements in demand are showing some reversal,” said IATA. “April data shows business activity now growing at the slowest rate for five months, and world trade volumes declining.
“Advanced economies should support growth in premium travel, but downward pressure from some emerging markets is likely.”