Aviation to take USD 30 billion hit from coronavirus: IATA

The International Air Transport Association (IATA) has released its initial assessment of the impact of the COVID-19 and finds that passenger demand for carriers in the Asia-Pacific region could fall by as much as 13%. Considering that growth for the region’s airlines was forecast to be 4.8%, the net impact will be an 8.2% full-year…

IBTM Asia Pacific launch postponed until 2021

Reed Travel Exhibitions has postponed the inaugural edition of IBTM Asia Pacific. The event will now launch in Singapore on 13-14 April next year. The decision was taken following the latest advice from partners regarding the ongoing coronavirus outbreak in China. Shane Hannam, portfolio director of IBTM Events said: “Our customers, partners…

Health and wellness tourism trips to Asia to reach 128.3 million by 2022: GlobalData

The health and wellness tourism trips to Asia are forecast to reach 128.3 million by 2022 that will help Asia to become the world’s fastest tourism market, says GlobalData. According to the data and analytics company, international arrivals to Asia-Pacific (APAC) are set to reach 850 million in 2022, reflecting a compound annual growth rate…

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