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PATA: Asia Pacific Visitor Forecast 2018-2022 Executive Summary now available

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The Executive Summary of PATA's Asia Pacific Visitor Forecasts 2018-2022 for 40 destinations within Asia Pacific reveals powerful economic figures on the fastest-growing tourism region in the world - now available at the PATA Store.

Key Insights for Asia Pacific Visitor Forecasts 2018-2022

Annual growth in international visitor arrivals to Asia Pacific holding its momentum - expected to generate well above the 800 million arrivals in 2022.

"The numbers themselves once again remain bullish for Asia Pacific over the next five years. This does not however mean that we can relax any commitment to delivering a continually improving service to these visitors. Competition - both within Asia Pacific and external to it - remains fierce, and the distribution of these visitor numbers will depend very much on the delivery of a first-class experience.

We must remember that ultimately we are in the business of delivering positive experiences and the fond memories that go hand-in-hand with them. That in turn requires a service ethic and mind-set that is above all others and which caters to the very different needs of an increasingly diverse range of visitors.

At the same time, our industry needs to ensure that the positive and real benefits of sustainable tourism accrue equally to both the visitors to Asia Pacific and to those who live, work and play within the region."

- Dr. Mario Hardy, CEO, PATA -
The aggregate annual growth rate for international visitors into Asia Pacific is predicted to be around 6.7 percent in 2018 and generate an inbound volume of more than 670 million for the year - around 42 million more arrivals than in 2017.
According to the just released Executive Summary of PATA's 'Asia Pacific Visitor Forecasts 2018-2022', 40 destinations within Asia Pacific will collectively show an average growth rate of just over five percent per annum from 2017 onward, to host around 808 million foreign visitor arrivals by 2022.
Asia will continue with its strong growth momentum with an average growth rate for foreign visitor arrivals of 5.6 percent per annum between 2017 and 2022, while the Americas and the Pacific follow with average growth rates of 3.6 percent and 3.4 percent per annum respectively over the same period.

Driven by a strong average annual growth rate, Asia will receive the bulk of the foreign arrivals between 2017 and 2022. After capturing a relative share of 73 percent of these arrivals in 2017, the proportion of foreign arrivals into Asia is expected to increase to almost 75 percent by the end of the forecast period (2022). The impact on the Americas and the Pacific is a slight contraction in their respective relative shares from 22.9 percent to 21.3 percent for the former and from 4.1 percent to 3.8 percent for the latter, even as their respective numbers of foreign arrivals increase.

Refer to full documentation in the attachments box below.

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This press release was sourced from PATA on 20-Feb-2018.