Between 2017-2021, foreign arrivals into Asia Pacific are expected to grow at an average rate of five percent per annum, reaching a combined foreign inbound count of close to 758 million.
Collective foreign arrivals into 39 Asia Pacific destinations will grow by 5.9 percent over 2016 and add around 35 million additional foreign arrivals in 2017 relative to 2016.
Between 2017-2021, foreign arrivals into Asia Pacific are expected to grow at an average rate of five percent per annum, reaching a combined foreign inbound count of close to 758 million.
By 2021 the Americas (as defined by PATA) will be receiving 156 million foreign arrivals annually while Asia can expect to receive over 573 million. The Pacific is forecast to receive over 28 million foreign arrivals annually. China, Hong Kong SAR, the USA, Korea (ROK) and Canada will all remain in the top five traffic-generating markets for the Asia Pacific region.
The Russian Federation generates 4M foreign visitor arrivals to Asia Pacific by 2021
By 2021 the Russian Federation will grow to third place by absolute volume gain over 2017, following China and Hong Kong SAR, and will then be generating some four million additional foreign visitor arrivals to the region.
Thailand (+37.5%), Lao PDR (+9.7%) and Korea (ROK) (+7.5%) will register the highest average annual growth from the Russian Federation over the next five years, while a few destinations such as Hong Kong SAR (-5.0%), Cambodia (-3.6%) and the Northern Marianas (-2.3%) are expected to face a slowdown in numbers from this source market.
Source Markets of IVAs to Asia Pacific: Top Performers vs. Losers
Kuwait will top the source market chart in percentage growth terms with an average growth rate of 63 percent annually between 2017 and 2021, followed by Finland (31%). Iraq and Myanmar are predicted to rank far behind with these source markets each contracting by around -15 percent annually over the same forecasting period.
“Although visitor arrivals growth remains impressively strong for destinations in the Asia Pacific region over the next five years ongoing global economic uncertainty, coupled with rising political populism in the USA and Europe, will present a continued challenge to and impact upon disposable income of travel consumers, travel demand and movement between countries. These forecasts provide a valuable quantification of the expected future trends of travel demand for the Asia Pacific region and thus allow for risk assessments to be made well ahead of the curve.” – PATA CEO Dr. Mario Hardy.
Tatiana is the news co-ordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy. She holds a Bachelor degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
