ON TRACK FOR A RECORD

PATA reports that international visitor arrivals into Asia Pacific destinations have expanded at better than 8% over the first part of 2013. Across the 31 destinations for which data is currently available, this translates into more than eight million additional arrivals over and above those received for the corresponding periods of last year. PATA said that the results are consistent with the growth predictions it made in its forecasts of visitor demand and the results place the region well on target to achieve an expected international inbound volume of around 495 million for the full 2013 calendar year.
Results for the first half of 2013 are available for 16 of the Asia Pacific destinations — which incidentally also account for 84% of the inbound arrivals volume so far this year — and at close to 145 million foreign arrivals, are within 3% of the predictions as made in the PATA forecast report.
Martin J. Craigs, PATA\’s CEO, observed: \”Forecasts with this degree of accuracy, detail and a timely quarterly update are essential if we are to effectively respond to opportunities as they emerge. Additionally, numbers such as these alert investors to the risks, and of course the many rewards offered by Asia Pacific\’s world-leading visitor economy.\”
Go to http://www.PATAmPower.org for more.