Published on : Wednesday, January 22, 2020
In the next five years, Asia Pacific is solidly preparing itself to welcome close to one billion international visitor arrivals (IVAs). This is one of the prime forecasts from the Executive Summary of the Asia Pacific Visitor Forecasts 2020-2024, unveiled today by the Pacific Asia Travel Association (PATA).
Covering 2019 till 2024 along with 39 regional destinations, these predictions are expecting a major volume of more than 971 million foreign tourist arrivals into Asia Pacific, by 2024.
The rise in IVAs motivated by the average annual growth rate (AAGR) of 5.3% between 2014 and 2019, and this drive is considered to grow even more in coming five years, to average 6.3% per annum between 2019 and 2024.
Between 2019 and 2024, this will eventually cause a speeding up of over 256 million additional IVAs into the region, a major rise over the additional volume of 162 million added between 2014 and 2019.
The distribution of these IVAs in Asia Pacific is hoped to transform slightly from 2019, with the Asia and Pacific regions expected to show an absolute increase in arrival numbers.