Reports & Surveys

Looking to the future, there is no sign that things will improve. Forward bookings for travel to Hong Kong from mainland China between 24th September to 30th December are currently 58.2% behind where they were at the equivalent moment in 2018.

In Thailand, emerging destinations across the country are increasingly appealing to both domestic and international travellers.

Elsewhere in Asia-Pacific, a number of airports reported solid growth due to sizeable increase in visitors during the summer holiday period.

In percentage increase terms between 2017 and 2018, Asia had the strongest annual increase at 8.7%, followed by the Pacific at four percent and the Americas at 3.5%.

Air cargo continues to face strong headwinds from the intensifying trade war between the US and China, as well as weakness in some of the key economic indicators and rising political uncertainties worldwide. Global trade volumes are 1% lower than a year ago.

The 27.5% international visitor expenditure growth compared with State-wide growth of 5.5% to $6billion, which was also a record for Queensland tourism.

The report is based on primary research among potential visitors to Europe, with a focus on four key markets: Indonesia, Thailand, Malaysia and Singapore.

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.

GlobalData analyzed more than 41,000 global public companies spanning across 5,400 cities and found that the top 25 cities were home to about 9,000 companies (about 22% of the sample), of which 23% were based out of Japan, in 2018.

Lowe continues: “This edition also features a special section on China’s commercial drone industry as there’s a worldwide, growing interest in unmanned aerial mobility and China currently supplies up to 70% of the world’s civilian drone market with 1,200 domestic manufacturers.”