Hotel & Tourism SMARTreport #43
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ASIA - PACIFIC<br />
<strong>Hotel</strong> & <strong>Tourism</strong><br />
<strong>SMARTreport</strong> <strong>#43</strong><br />
2019 Summer Edition 21<br />
21<br />
APAC RIDING WAVE<br />
OF TOURISM SUCCESS<br />
Arrivals in Asia and the Pacific are<br />
forecast to grow 5% to 6% in 2019,<br />
after a 6% increase in 2018, with<br />
still considerable growth potential<br />
in many emerging source markets<br />
and destinations.<br />
The UNWTO reports that over the<br />
past year, positive growth has been<br />
experienced in tourism receipts, in<br />
particular for destinations in Asia.<br />
China recorded a 30% increase up<br />
to September, rebounding strongly<br />
from a decline in 2017 as a weaker<br />
Yuan made the destination more<br />
affordable. Japan and Macao<br />
(China) also led results with a<br />
19% and 16% increase in tourism<br />
earnings respectively. Thailand<br />
recorded an 8% increase, following<br />
several years of double-digit figures.<br />
In Australia, receipts increased by<br />
12%. Hong Kong (China), India,<br />
Republic of Korea, Indonesia,<br />
Taiwan (pr. of China), and Vietnam<br />
all posted double-digit figures,<br />
benefitting from a strong Chinese<br />
and Indian outbound market. In the<br />
following pages, you will find more<br />
details about travel and tourism<br />
trends in APAC.<br />
Currumbin Beach, Gold Coast, Australia
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