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Based on year-to-date data and the forecasts for 2016, current estimates are that the destinations as covered in the forecast report will return a combined inbound count in excess of 595 million foreign inbound arrivals. This would represent an annual growth rate of 3.4% on 2015 results and an annual volume increase of more than 19.6 million additional foreign arrivals.
Over the five-year forecast period to 2021, foreign arrivals into the Asia Pacific destinations are expected to grow at an average rate of five percent per annum, reaching a combined foreign inbound count of close to 758 million.
Dr Mario Hardy, Chief Executive Officer, PATA, said, “The importance of the Asia Pacific region, both as a receiver and a generator of international arrivals has been evident for some time and the momentum certainly appears to be holding over the next five years. With the maturing of many Asian source markets, destinations beyond the Asia Pacific region are also being increasingly explored. However, these destinations need to be ready to deliver a service that the increasingly sophisticated Asian traveller has already experienced in Asia and is now seeking in destinations further afield.”
The official report is to be released in April 2017 and will contain forecasts for international visitor arrivals to 39 destinations within the region for the period 2017 to 2021.
Source: travelnewsdigest.in