The Travel Economy

a. International Tourism Receipts
b. Inbound Travel Trends
c. Outbound Travel Trends
d. Tourism Prospect

a. International Tourism Receipts to Asia:-
  Asia and the Pacific accounts for 30% of the world’s international tourism receipts, a share that has almost doubled since 2000 (from 17%); It would also keep increasing by 6% per year up to 2020 as par World Tourism & Travel Council.
  In 2016, international tourism receipts in Asia increased by 5% in real terms (in local currencies at constant prices), with particularly strong results in Oceania and South-East Asia (both +10%);
  Thailand is the top tourism earner in Asia and the Pacific with USD 50 billion earned in tourism receipts, after a 15% increase in 2016 and several other years of double-digit growth while China is the number two earner in Asia and number four in the world, with receipts totaling USD 44 billion, after a 5% increase in 2016.

b. Inbound Travel Trends:-Intraregional tourism accounts for 80% of arrivals in Asia and the Pacific
  In 2016, intraregional tourism (originating in the same region) accounted for some 247 million international tourist arrivals in Asia and the Pacific, some 80% of the region’s total;
  In North-East Asia intraregional flows account for 88% of arrivals and in South-East Asia 81%;
  Between 2005 and 2016, intraregional tourism flows (+7%) have grown faster than interregional flows (+5%), supported by rising connectivity, much of which through low-cost carrier (LCC) services;
  Europe remains the largest source of interregional travel to Asia and the Pacific, accounting for 10% of all arrivals in the region.

c. Outbound Travel Trends:-North-East Asian destinations represent 55% of all intraregional travel
  Outbound travel from Asia and the Pacific – measured by arrivals in different world destinations – reached 317 million in 2016, an 8% increase from 2015;
  Asian destinations represent 78% of the region’s outbound travel, while 22% corresponds to other world regions;
  North-East Asian destinations account for 55% of all intraregional travel (within the region) and 43% of outbound travel overall;
  Europe accounts for 54% of all Asian interregional travel (outside the region), measured in arrivals in destinations.

d. Tourism Prospect:-
  International tourist arrivals (overnight visitors) worldwide grew 6% in the first half of 2017, compared the same period in 2016. This represents the strongest half-year results in seven years. The solid trend is underpinned by continued growth in many destinations and a recovery in those that suffered declines in 2016;
  By UNWTO region, growth was strongest in the Middle East (+9%), Europe (+8%) and Africa (+8%), followed by Asia and the Pacific (+6%) and the Americas (+3%);
  Mediterranean destinations in particular reported strong growth in the first half of 2017, with remarkable results in North Africa (+16%), Southern and Mediterranean Europe (+12%), and the Middle East (+9%);
  In Asia and the Pacific (+6%), results were led by South Asia (+12%) this six-month period, followed by Oceania (+8%), South-East Asia (+7%) and North-East Asia (+4%);
  Preliminary results for July and August 2017 point to continued growth the second half of the year, and above the long-term trend projected by UNWTO for the period 2010–2020 (+3.8%).