Based on historic expenditure patterns, that increases the in-country aggregate expenditure by this market in Asia Pacific from the US$ 157 billion achieved in 2015 to more than US$ 230 billion by 2020.
This is among the vital findings and reasoning’s from PATA's 'Asia Pacific Visitor Forecasts 2016-2020 Full Report' released today. Continuing on from the summary report published earlier this year, this 2nd report dives deeper into the anticipated circulations and patterns of worldwide travelers across the Asia Pacific area over the next 5 years.
As revealing the expected modifications in the origin-destination pairs between 2016 and 2020, this report also looks at the associated modifications in tourism-related income as well as the destinations favored by vital Asia Pacific source markets to 2020.
In overall, the expected average annual development rate of more than four percent per year over the next five years will raise the foreign arrivals volume into Asia Pacific from the 538 million gotten in 2015 to more than 657 million by 2020. Around 78 percent of that additional volume will come from Asia, while the Americas will create around 16 percent of that boost.
Much of this growth will however be intra-regional around 83 percent of the added volume from the Americas, for example, will be directed toward destinations in the Americas, while for Asia more than 94 percent of that volume boost will be to destinations in Asia.
More particularly for Asia, 58 percent of the added volume created by the Northeast Asia sub-region to 2020 will be provided to locations within that exact same sub-region, while 84 percent of the additional increase in arrivals occurring from within Southeast Asia will be to locations within Southeast Asia.
South Asia bucks that intra-regional pattern. Only 18 percent of the additional volume in foreign arrivals generated by South Asia locations will be intra-regional. Southeast Asia catches just over half of the additional foreign arrivals produced by South Asia.
For the Pacific where 24 percent of the extra volume in arrivals produced by this sub-region will be to locations within the sub-region Asia will record 73 percent of the extra volume created by the Pacific to 2020.
The long-haul markets of Europe will likewise increase to 2020, but not as drastically as those of Asia. East Europe, for instance, will have slow growth at best, while just the West Europe source markets will include a collective increase of more than one million additional arrivals by 2020. Even then, the bulk of that boost from West Europe will be into Southeast Asia which is expected to capture 73 percent of that boost.
The source markets of North Europe will enhance in volume by simply under one million to 2020, with Southeast Asia capturing yet once again, the bulk of that increase into Asia Pacific (43 percent). Oceania is anticipated to capture 16 percent of that volume boost from North Europe while South Asia will handle a 15 percent share of these additional arrivals.
PATA CEO Mario Hardy mentioned that 'significant changes in the structure of international travel into and across the Asia Pacific region appear in the analyses of travel flows that underpin this report'.
"With the Asia Pacific region expected to host an extra 120 million international arrivals over the next 5 years, we have to ensure that we are ready and thus able to provide the exceptional hospitality, experiences and memories for which Asia Pacific destinations are so well known", he added.