PATA RELEASES ASIA PACIFIC VISITOR FORECASTS
Representative image
The Pacific Asia Travel Association (PATA) has released it’s PATA Asia Pacific Visitor Forecasts 2014-2018 Volume I – Executive Summary. The 2014 edition of PATA’s Asia Pacific Visitor Forecasts covers the five-year period from 2014 to 2018. According to the report, visitor arrivals to the overall Asia Pacific region will continue to grow at an average rate of just over 6 per cent per annum over the period 2013-2018, and Southeast Asia will show the strongest average annual growth rate over the forecast period at 12.1 per cent.
Furthermore, given the rapid expansion of the Asian middle-classes coupled with their intense interest in international travel, Asian source markets into Asia Pacific is expected to increase in the five-year period from 325.8 to 472.4 million an effective increase per year by more than 146 million, a 7.7 per cent growth per annum by the end of 2018.
In percentage growth terms, Russian IVAs into Asia Pacific are expected to rise at close to 20 per cent per annum between 2013 and 2018, reaching an inbound volume of around 15 million in 2018.
The PATA Asia Pacific Visitor Forecasts 2014-2018 Volume I - Executive Summary has been developed following suggestions that a summary version of the full report be provided to give a top level overview of the key origin flows into major Asia Pacific destinations. As such, this report focuses on annual flows into each of the 38 destinations within Asia Pacific by major source region over the period 2014 to 2018, with a focus on the key generating markets and regions over that five-year period.