​For decades, aviation executives have spoken about the “Asian Century.”

At this year’s IATA Annual General Meeting in Rio de Janeiro, the numbers suggest that century has arrived.

Over the next two decades, Asia-Pacific is expected to add 2.4 billion passengers, growing from 1.7 billion travellers in 2024 to 4.1 billion by 2044. That represents 41% of all global passenger growth and a compound annual growth rate of 3.8%.  

​For years, the aviation industry’s centre of gravity has been slowly moving east.

At this year’s IATA Annual General Meeting in Rio de Janeiro, that shift felt less like a prediction and more like a reality.

While much of the discussion around Europe focused on regulation, taxation and competitiveness, the conversation around North Asia centred on growth, digital transformation and the emergence of China as a force that is increasingly shaping the future direction of global aviation. According to IATA’s Regional Vice President for North Asia, Xie Xingquan, the region’s story is no longer simply about recovery. It is about scale, influence and transformation.  

​The mood around European aviation at the IATA Annual General Meeting in Rio de Janeiro is one of cautious optimism tempered by growing frustration.

Airlines are preparing for another busy summer. Passenger demand remains strong. Aircraft are full. Airports are crowded. Yet beneath the surface, many of the industry’s biggest challenges are becoming more acute rather than disappearing.

Speaking at the AGM, IATA’s Regional Vice President for Europe, Rafael Schvartzman, painted a picture of an industry squeezed from multiple directions. Geopolitical instability, rising fuel prices, border delays, taxation, sustainability costs and airport charges are all converging at a time when Europe is attempting to maintain its competitiveness in an increasingly connected global marketplace.  

​New Phocuswright research confirms Spain as Europe’s strongest travel market, with 96.8 million visitors and 7% revenue growth in 2025.  The findings arrive as senior travel executives prepare to gather in Barcelona for Phocuswright Europe 2026, where research presentations, executive interviews and market analysis will examine the forces driving Europe’s travel economy.

Spain welcomed 96.8 million international visitors in 2025, a 3.2 percent increase over 2024.  Tourism revenue rose 7 percent, reinforcing Spain’s position as the world leader in tourism expenditure received. The report notes that Spain has been the strongest performing market among all European countries included within the research.  

​Curated Spaces – the world’s first travel booking platform powered by tastemakers – expands internationally into Europe. The next phase of growth will see the platform introduce a curated portfolio of independent stays across countries such as, France, Italy, Germany, Portugal and Greece, including storybook châteaux, seaside hideaways, romantic rural retreats, and characterful countryside escapes, each selected with the same focus on soul, design, and community.