Asia Pacific to welcome 900 million international visitor arrivals in 2023
TravelBizNews —
Bangkok: Different 40 destinations within Asia Pacific collectively are predicted to host close to 900 million foreign visitor arrivals in 2023, according to the executive summary of the Pacific Asia Travel Association (PATA) ‘Asia Pacific Visitor Forecasts 2019-2023’ released today.
The average growth rate in Asia-Pacific is expected to be 5.5 per cent per annum between 2018 and 2023.
The overall annual growth rate for international visitors into 40 Asia Pacific destinations is estimated to have been around 7.8 percent in 2018, generating an inbound volume of around 688 million for the year – almost 50 million more foreign arrivals than in 2017.
Asia will continue its strong growth momentum with an expected annual average growth rate for foreign visitor arrivals of 6.2 percent between 2018 and 2023, while the Pacific and the Americas follow with average growth rates of 4.4 percent and 3.1 percent per year respectively, over the same period.
Asia will also be the strongest generator of foreign arrivals into Asia Pacific over the forecast period, improving its relative share of arrivals from 63.9 percentage points in 2018, to over 66 percentage points in 2023.
Intra-regional travel flows remain important for both the Americas and Asia, with the former destination region seeing over three-quarters of its foreign arrivals originating within that region in both 2018 and 2023.
PATA CEO Dr. Mario Hardy points out that “Asia continues to be the engine of growth for foreign arrivals into Asia Pacific, with intra-regional flows in particular, remaining important. This intra-regional activity is true for the Americas as well, but less so for the Pacific which is rapidly becoming more popular with Asian markets.”
FEb. 7 , 2019
