New Market Research Report: Transportation in Venezuela

Continuous restricted access to foreign currency, combined with strong inflation during the second semester of 2013 led to an increase in the number of outbound passengers. The large gap between the official exchange rate and the black market encouraged Venezuelans to travel abroad in order to have access to subsidised foreign currency that can be later exchanged at the black market rate, which can be six to eight times higher.

Industry Prospects

2014 is expected to be a challenging year for airlines in Venezuela. There is likely to be a drop in passengers after a peak of activity during 2013 due to the large reduction of flights and capacity on the part of foreign carriers caused by a large debt owed by the Venezuelan government to companies. Several airlines like Lufthansa, Avianca, Iberia, Copa, LAN and Aero México have reduced their supply of flights to Venezuela while other companies like American Airlines are keeping the same flights using smaller airplanes. However, Air Canada and Tiara Air have suspended their flights altogether until the debt is paid at the exchange rate at the moment of the sale. Government officials and airline representatives have held meetings but have yet to reach an agreement regarding payment terms.

Full Report Details at
- http://www.fastmr.com/prod/882320_transportation_in_venezuela.aspx?afid=301

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Transportation industry in Venezuela with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Transportation industry in Venezuela, our research will save you time and money while empowering you to make informed, profitable decisions.

The Transportation in Venezuela market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Transportation in Venezuela?
* What are the major brands in Venezuela?
* Is there a move from schedule to low cost carriers?
* Is there a shift away from air to rail?
* How well is capacity aligned with utilisation?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats
* Inform your marketing, brand, strategy and market development, sales and supply functions

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