The travel and tourism industry in Asia Pacific has been on a continuous upward surge and with no sign of letting up. According to the Pacific Asia Travel Association (PATA), 40 destinations within Asia Pacific are collectively predicted to show an average growth rate of 5.5% per annum between 2018 and 2023, which equates to around 900 million International visitors in 2023. PATA CEO, Mario Hardy points out that intra-regional travel remains important in the region and speaks on what we can do as a region to welcome these 900 million visitors in 2023.
The future is sure looking rosy for travel in the Asia Pacific region, but the present showing is not bad as well. According to Mastercard’s Global Destination Cities Index, 12 out of the top 20 most visited cities in 2018 were based in Asia Pacific. Bangkok, Thailand came out on top with 21.98 million visitors. Singapore was 5th with around 15 million visitors and Kuala Lumpur was 7th with around 14 million visitors in 2018. Tokyo, Osaka, Seoul, Phuket and Hong Kong were among the other cities present in the list, with a stable number of visitors in 2018.
The increased travel within the Asian region, is bound to positively impact many service providers within the territory too. The hotel industry will be rubbing their hands in delight and anticipation. Speaking to travel market report, Hyatt CEO Mark Hoplamazian said that for his company, Asia continues to be an area of high focus. “When you look at the travel statistics, over the past five years, travel has grown at about one and a half times the rate of GDP around the world, but in Asia it’s more around twice the rate of GDP growth. So, we think Asia continues to be critically important.”
The importance of having an online presence for your service has become more crucial. We are seeing an increase in this field too. Tour providers like Go Beyond Asia (https://gobeyond.asia/) and Butterfly Tours (https://www.butterflytours.asia/) cater to providing specialist tours for people in different markets. Vietnam Motor Bike Tour (https://vietnammotorbiketour.asia) provides special trips for people who want to explore Vietnam on bikes. MAADS (https://maads.asia) based in Cambodia, has blossomed from a collection of distinctive hotels, restaurants and stores in Phnom Penh to a synergy hub offering a full traveling experience to visitors to the Kingdom of Wonder, Cambodia.
Give your travel business some visibility online and take advantage of the surge in travelers in the coming years!
This.Is.Asia Newsletter Issues
Every year since 2010, Global Tiger Day is celebrated on July 29th to raise awareness and support for tiger conservation. And I’m part of The Doubling Wild Tigers – Tx2 initiative. Our goal is to double wild tiger numbers by year 2022 across 12 tiger range countries in Asia and Russia.read more
Last year we wrote about the PROUD Short Film created, produced and directed by Asian American actress Jackie Dallas. Since then, PROUD (www.proudshortfilm.asia) has been chosen to be screened at numerous film festivals both in the U.S. and internationally. It is...read more
Mainly due to increased foreign direct investments and a considerable boost to the manufacturing sector, Vietnam is projected to be the fastest growing economy in Southeast Asia. According to the Institute of Chartered Accountants in England and Wales’ recent Economic...read more
June is LGBTQ+ Pride month in the U.S. and Canada. A month chosen to honour the Stonewall Riots, a tipping point for the Gay Liberation Movement in the United States. You can find out more on the Stonewall uprising by going to www.fridae.asia – Asia’s largest gay and...read more