According to the PhoCusWright-ITB Asia study, Asia Pacific’s travel market will maintain high single-digit growth at 9% and 8% in 2012 and 2013 respectively with offline distribution still accounting for a majority of regional travel sales.
Asia Pacific is set to continue to lead as the world’s fastest-growing travel region next year, reaching US$357 billion, a 64% increase over 2009, according to a study released today at ITB Asia by industry research authority, PhoCusWright.
According to the PhoCusWright-ITB Asia study, Asia Pacific’s travel market will maintain high single-digit growth at 9% and 8% in 2012 and 2013 respectively with offline distribution still accounting for a majority of regional travel sales.
The study also states that China’s slowing but growing economy, surging consumer travel demand and double digit gains across all travel segments will push the country ahead of Japan to make it the region’s largest travel market by 2013. China’s travel gross bookings are expected to nearly double in the next few years, from US$54.8 billion in 2009 to US$105.5 billion in 2013.
TravelDailyNews Asia-Pacific editorial team has an experience of over 35 years in B2B travel journalism as well as in tourism & hospitality marketing and communications.
