Home / Travel / News Tools: Save | Print | E-mail | Most Read | Comment
PATA: Asia Pacific tourism revenues set to rise by 2010
Adjust font size:

Tourism revenues in the Asia Pacific region will increase to 4.6 trillion U.S. dollars with visitor arrivals reaching close to 500 million by the end of 2010, the Pacific Asia Travel Association (PATA) said on Wednesday.

In its newly-published Asia Pacific Tourism Forecasts 2008-2010, officially launched here on Wednesday in partnership with the Singapore Tourism Board (STB), the PATA said that despite concerns over a U.S. recession, it predicts a bright future for the region, with China and South Korea set to generate strong outbound growth to Asia Pacific destinations.

Despite regional stock market volatility and uncertainty over local impacts of a possible U.S. recession, the PATA predicts robust average annual growth rates of between 7 percent and 8 percent in the region.

John Koldowski, director of PATA's strategic intelligence center, said that as much as two-thirds of all international arrivals into Asia Pacific are generated from within the region.

He said that Asian markets will inevitably be impacted by a slowdown in the U.S. economy triggered by the credit crunch. However, the medium-term outlook for most Asian economies is very strong with growth rates well above world averages.

As for Singapore's tourism sector, the PATA said in its annual forecasts that with 10.3 million visitor arrivals recorded for 2007 and 12 million forecast for 2010, the city state is well on track to achieve its goal of 17 million arrivals in 2015.

(Xinhua News Agency March 20, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Tibet's tourism magnified by Qinghai-Tibet railway
- Home Inns reports 68.1 pct revenue growth in 2007
- China tourism business warms up after snow chaos
Most Viewed >>
- Tour groups still allowed in Tibet
- Sakura blossoms in March
- Xiyue Temple -- 'Forbidden City of Shaanxi'
- Yuanyang Hani Rice Terraces (III)
- Tourists recount a day of mob rule