Hangzhou aims for global impact

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Hangzhou aims for global impact
By Ben Vogel
19 November 2010

Hangzhou's T1, originally designed to handle 8 million people, is set for expansion. (Hangzhou International Airport)
Hangzhou Xiaoshan International is a prime example of a second-rank Chinese airport with grand ambitions. The airport has experienced continuous growth since it was opened in December 2000. Classified as a national frontline airport and Category I international airport by the Civil Aviation Administration of China (CAAC), it serves more than 70 domestic and 10 international destinations.
Hangzhou is the ninth largest airport in China by passenger volume, and the eighth busiest by cargo tonnage. Passenger traffic approached 15 million in 2009 - a yearly increase of 17.9 per cent even before the new Terminal 2 (T2) for international flights opened on 8 June.
According to a study from Accenture, Hangzhou will have experienced a compound annual growth rate (CAGR) of 11 per cent in passenger traffic and 16 per cent in cargo tonnage between 2009 and 2015. "By Chinese standards, in recent years we experienced extraordinary CAGR," says Eric Wong, chief executive officer. "In the first six years [until he arrived in 2006], Hangzhou had 20 per cent-plus annual growth, for instance. This makes it difficult from a developer's perspective to catch up."
Wong is seeking to turn Hangzhou International into the regional aviation hub for the Yangtze River Delta area. "This year we forecast that we will welcome 18 million passengers," he says, adding that the ratio of international to domestic traffic is likely to remain unchanged at 10:90.
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Copyright ?IHS (Global) Limited, 2010

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