Asia tourism "down but not out" – Abacus survey
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A survey of Asia’s travel agents has revealed that they are realistic but not downbeat about travel prospects for the next six months, Abacus International and Web in Travel have found.
Commenting on the survey results, Robert Bailey, Abacus International President and CEO, said that slightly less than half of the 185 travel agents surveyed felt that travel bookings will fall in the next six months and only 44% felt that prospects for business travel will shrink.
“In the recent weeks, the travel industry is somewhat besieged with pessimistic reports and forecasts for the future. This survey from the ground shows that the people who have the closest and most direct contact with travellers do not see the next six months of travel as all of gloom and doom,” Bailey said.
Results from the survey also revealed 68% of the travel agents surveyed felt that short getaways in the region will be their strongest growing category. It was also found that travel agents felt that economic downturn (43%), personal financial status (30%) and fuel prices (27%) were the top three factors influencing travellers’ intention to travel in the next six months.
“In addition, general sentiments are that the much-awaited fall in fuel prices from the peak of US$140 per barrel will unfortunately on its own not be a big enough catalyst to boost travel in the face of the current slowdown in global markets,” Bailey added.
“There is no doubt that the travel industry is facing the repercussions of the fallout in the financial sector, however, this is the time when we must as an industry work as one united entity to rise above the current situation and try to find opportunities to help every partner in the travel chain.”
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