Celebrating Asia’s travel and tourism industry

Asia-Pacific has taken over the United States as the world’s second-largest travel market last year… Future consumers are more likely to come from China or India… [and] with investors from within and outside Asia gradually expanding their footprint in the world’s largest and most populous continent, it is clear why the economic forecast for Asia is looking so rosy… It is therefore vital for tourism businesses to understand the unique needs of these travellers to effectively capitalise on the opportunities these groups of travellers present.

Leveraging technology to enhance the travel experience

The biggest recent influence on how we consider, choose, book and review our travel options is without question technology. [It] has revolutionised global tourism and as the technology trend continues to develop, so will the opportunities for travel service providers around the world...

Time to invest in Asian tourism opportunities

It is no secret that China and India have been growing steadily, gradually attracting investment in the booming travel and tourism industry over the years…but it is the emerging markets in Asia where investors are eyeing fantastic returns on investment, fuelled by the ever-increasing demand for domestic and intra-regional travel...

Launching low cost carriers in emerging Asia: Is now the time?

Budget airlines now account for 24.9% of Asia’s total passenger traffic, up from 19.1% in 2011 and 9% in 2006, according to consulting firm UBM Aviation... This burgeoning LCC market is set to continue benefitting from Asia’s sustained tourism growth over the coming years. Companies and destinations [need to] shape the appropriate strategies to gain significantly from the growing Asian market... To do so, however, will require in-depth and local knowledge of Asian consumers and markets...

Asian tourism set to grow

Asian tourism is set to grow at between 4 and 6 per cent this year… Travel experts are singling out Indonesia as the next big market for tourism… visitors will likely opt for the more "localised" experience, and industry players are expected to raise the bar on the service front... [with] more travellers looking to the Internet to customise their trips.

Harnessing the Best of Asia’s Travel Industry

According to the UNWTO, [Asia] will increase its global market share of international tourist arrivals to 30 per cent in 2030 … Mr. Taleb Rifai, Secretary-General of the UNWTO said, “TravelRave is an innovative initiative and a perfect platform to leverage the dynamism of Asia’s tourism. According to our long term forecast, Asia will be the fastest growing region for international tourism within the coming two decades and TravelRave enables the sector to harness this vast growth potential."

Investment Opportunities in Asia's Booming Travel Industry

Southeast Asia has already registered a 13 per cent increase in foreign arrivals for the first two months of 2012, One of the factors contributing to the increased domestic and regional travel in the Asia Pacific is the burgeoning middle class and higher disposable incomes… [Across Asia]…billion-dollar investments are catering to the increasing affluence of Asian travellers. .... It is clear that investors from within and outside Asia are gradually expanding their footprint in the world's largest and most populous continent.

Asia primed for travel industry boom

UN World Tourism Organization (UNWTO) [reports expect] Asia-Pacific to receive an estimated 397 million tourists per year by 2020 with an annual growth rate of more than 5% compared to the world average of 4.1%.
… in order to continue to draw visitors to Asia and “cater to their evolving needs” it is also important to constantly develop innovative tourism products and create new and unique experiences to Asia.

Responding to the changing attitudes of travellers

World Tourism Organization (UNWTO) Secretary-General, Taleb Rifai, discusses the changing face of travel and the importance of festivals like TravelRave with Travel Daily Asia… “New technology affords more power to the consumer, with potential tourists enjoying immediate access to information on destinations and companies worldwide. Moreover, tourists increasingly rely on independent reviews when researching trips, requiring companies and destinations to continuously meet, and exceed, the growing expectations of their customers.”