Around the world, air travel is on the rise. The International Air Transport Association now estimates that the number of individuals globally travelling by air will almost double by 2035 – rising to 7.2 billion.
Most of that growth will come from the Asia-Pacific region, where increasing household incomes have allowed more and more people to travel the world. The Vice President of Marketing at Boeing Randy Tinseth stated that "Asia is now the first trillion-dollar aviation market in our forecast."
And all of this should have smart investors paying attention to Asian travel companies. And perhaps no company is better positioned to capitalize on the air travel boom than Chinese travel giant Trip.com Group Ltd (NASDAQ: TCOM) (formerly and better-known as Ctrip.com before its recent official name change to that of the US start-up it acquired in 2017).