Economic weakness in certain parts of Asia is starting to affect travel demand, with both economy and premium markets recording a slowdown of their growth rates, International Air Transport Association (IATA) data show. Overall, passenger travel on international markets rose 3% in June compared to a year ago, decelerating significantly from the May increase of 6.2% year-on-year (YOY). As in previous months, growth in economy class travel has been supported by the fall in oil prices and the ...

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