Statistics & Trends

Despite the growth of technologies that make virtual meetings possible, business travel spend in the region is still predicted to double between 2020 to 2025, with the region forecast to eventually account for half of the world’s total spend.

Cross Hotels and Resorts has continued to post favorable results with consolidated hotel revenue increasing by 80% and its operating portfolio of hotels and resorts registering a 39% rise.

The rising disposable income with middle class families and the growing perception among Indians that their social status will be elevated while traveling to fashionable cities in the Middle East will continue this growth trend for years to come.

Aditi Dutta Chowdhury, Economic Research Analyst at GlobalData, comments: “Visitors from China and European countries are driving the growth of international arrivals to Asian cities."

To achieve such goals PATA understands the need to partner with both the public and private sector and invites all tourism stakeholders to embrace the wellbeing of the planet and together contribute to the achievement of the SDGs under PATA’s vision for 2020: ‘Partnerships for Tomorrow’.

With its resilient nature, the air passenger traffic has doubled every 15 years since the 1970s. In the latest market outlook forecast issued earlier this month, both Airbus and Boeing reconfirmed their positive projection of over 4% of air traffic growth annually in the next 20 years, manifesting a sustainable and solid growth in aviation which is hardly seen in other industries.

Seoul achieves high occupancy with demand driven by Chinese arrivals, Shanghai records highest August room rate since 2010.

“The rise of self-connecting passengers and new world travellers creates greater demand for low-cost Megahubs – and Asian airports are at the center of this trend,” said Mayur (Mac) Patel, Head of JAPAC for OAG.

The increase in global hotel prices is being driven by solid demand keeping occupancy high in most regions. Meanwhile, airlines will raise average fares in most markets to help offset higher fuel and labor costs.

Hong Kong reported a massive decline in hotel demand at 28.8% with average occupancy for August dropping 29.8% to 63.9%; competition increased as hotel supply rose 1.5%.