The Pacific Asia Travel Association (PATA) forecasts robust growth for Asia Pacific tourism, with tourism revenues projected to top USD4.6 trillion and visitor arrivals to reach close to 500 million by the end of 2010. Despite regional stock market volatility and uncertainty over local impacts of the U.S. recession, PATA predicts robust average annual growth rates of between seven and eight per cent.
John Koldowski, Director of PATA's Strategic Intelligence Centre, says
that as much as two-thirds of all international arrivals into Asia
Pacific are generated from within the region. "Due to the global nature
of business, Asian markets will inevitably be impacted by a slowdown in
the U.S. economy triggered by the credit crunch. However, the
medium-term outlook for most Asian economies is very strong with growth
rates well above world averages," he notes, adding that localised
issues and conflicts, including political and civil disruption, could
pose a greater threat to tourism growth.
Highlights of PATA's new 2008-2010 forecasts also include strong
outbound travel growth, particularly from China, Korea and Singapore.
News & Interviews 
The Pacific Asia Travel Association (PATA) forecasts robust growth for Asia Pacific tourism, with tourism revenues projected to top USD4.6 trillion and visitor arrivals to reach close to 500 million by the end of 2010. Despite regional stock market volatility and uncertainty over local impacts of the U.S. recession, PATA predicts robust average annual growth rates of between seven and eight per cent.
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