7-Aug-2013 3:39 PM

World Travel and Tourism Council forecasts 'headwinds of change' in Asia, geographical shift to Asia

World Travel and Tourism Council (WTTC) president and CEO David Scowsill, speaking at the CAPA Australia Pacific Aviation Summit, noted (07-Aug-2013) there are "headwinds of change" in Asia for tourism, with tourism trends to see a "geographical shift" in the next 10 years. He forecast that tourism in Asia will expands by around 6% year-on-year over the next decade. Out of 70 million new tourism jobs in next 10 years, two thirds will be in Asia, as tourism growth is driven by middle class growth in Asia (Asia's middle class to triple to 1.7 billion by 2020). He also reiterated that by 2023, China will overtake US as the largest tourism market, meaning there will be more Chinese than US international tourists in 20 years time.

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