Robust growth still for Asia-Pac tourism
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Despite regional stock market volatility, rising oil prices and uncertainty over local impacts of a possible US recession, PATA’s latest ‘Forecasts’ predicts a generally positive future for the region, with China and South Korea set to generate strong outbound growth to Asia Pacific destinations.
Overall, PATA is predicting average annual growth rates of between 7% and 8%.
Covering 2008-2010, this year’s report provides forecasting metrics for a record 40 Asia Pacific economies. In addition, it provides regional forecasts for Canada, China, Thailand, US, Guam, Hawaii and Sarawak.
Comments are closed.