Amadeus-Shaping-the-Future-of-Travel-MacroTrends-Report

Shaping the Future of Travel
Macro trends driving industry growth over the next decade
In domestic accommodation nights, the Asia Pacific region is the leader of
the pack, as with international accommodation nights and overnight visitors,
displaying far higher growth rates than the other regions. Unlike the other
indicators, however, the Middle East and Africa region does not display
particularly high growth here, indicating its weakness in domestic tourism as
compared to international tourism. Europe will retain the majority of the
global domestic accommodation market share out to 2023.
Chart 1.9 below shows the predicted growth in domestic accommodation from
1995-2023 by region.
Chart 1.9: Growth in domestic accommodation nights by region, 1995-2023
1995=100
700
Forecast
600
500
400
300
Americas
Asia Pacific
Europe
Middle East & Africa
200
100
0
1995 1999 2003 2007 2011 2015 2019 2023
Source: Oxford Economics
The outstanding performer for domestic accommodation growth is the Asia
Pacific region, with annual growth of 11.9% over the past ten years, a slightly
higher growth rate than for international accommodation nights. Growth over the
next ten year-period is forecast to taper to a more moderate 4.4%, a few
percentage points lower than forecast growth for international accommodation
nights. This provides evidence of strong growth in the domestic tourism segment
for the Asia Pacific region for the past decade (especially as compared to other
regions), with slower growth in the next decade. In contrast, the other regions
have shown little or negative growth over the past ten years, but the Middle East
and Africa region is set to lead growth in this segment of the market over the
next ten years, with a growth rate of 5.5%. Table 1.5 below summarises these
growth rates.
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