Asia Pacific Sees A Boost In Travel Despite Economy

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Although the Asia Pacific (APAC) region has had a difficult year, the travel industry is doing well, according to research released today by Phocuswright.

A growing middle class continues to spend more on travel, and increases in travel supply are bolstering the market.

The APAC market rose 4% in 2014, to $340.4 billion – 30% of the global travel market.

India will be APAC's fastest-growing major travel market between 2013 and 2017, achieving a growth rate of 11%, in line with China. This is due to loosening of travel restrictions, investment in infrastructure, and a continuously expanding middle class.

China will be the first travel market to have the majority of its online bookings through mobile; by 2016, 53% of online travel will come through mobile devices.

--Anna Gleksman

Pic:Asian Pacific American Heritage Program


Source: Asia Pacific Sees A Boost In Travel Despite Economy

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