Asia travel growth (Sylodium, import export business)

TripAdvisor and The Boston Consulting Group (BCG) jointly published a new report on the travel and tourism industry titled, ‘Winning the Next Billion Asian Travellers – Starting with China’. The report showed that by 2030, more than 50% of the growth in global traffic will come from Asia Pacific and 49% of all passenger traffic globally will be within Asia Pacific or between the region and the rest of the world.

Travellers from China will account for the lion’s share of this growth accounting for around 40% of Asian outbound travellers by 2030. Within the same time frame, China will likely overtake the US as the world’s largest domestic travel market.

According to data from TripAdvisor’s official site in China, the number of unique visitors in July and August 2013 who researched outbound destinations has increased by more than 250% (excluding Hong Kong and Macau), compared to the same period the year before. Of those who researched outbound destinations in that time, 56% researched destinations in Asia while 44% researched destination outside of the region, with Paris, Rome, London and New York amongst the most frequently researched destinations.

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