Asia-Pacific Travel and Tourism Market Summary and Forecast
Summary
Travel & Tourism in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The Asia-Pacific travel & tourism industry had total revenues of $667.7 billion in 2022, representing a negative compound annual growth rate (CAGR) of 9.8% between 2017 and 2022.
- The hotels & motels segment accounted for the industry's largest proportion in 2022, with total revenues of $191.4 billion, equivalent to 28.7% of the industry's overall value.
- The growth of the industry is attributed to rising leisure and business tourism, growth in the hotel and motel industry, an increasing number of global events attracting large visitors, boosting infrastructure development, easing mobility, and emerging adventure tourists. For instance, according to the Bureau of Immigration, the number of foreign tourist arrivals (FTAs) in India increased to 6.19 million in 2022 as compared to 1.52 million in 2021.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Asia-Pacific
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific travel & tourism market with five year forecasts
- What was the size of the Asia-Pacific travel & tourism market by value in 2022?
- What will be the size of the Asia-Pacific travel & tourism market in 2027?
- What factors are affecting the strength of competition in the Asia-Pacific travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Asia-Pacific's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of leading players?
- 8 Company Profiles
- 8.1. Marriott International Inc
- 8.2. Trip.com Group Ltd
- 8.3. China Southern Airlines Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Asia-Pacific travel & tourism industry value: $ million, 2017–22
- Table 2: Asia–Pacific travel & tourism industry category segmentation: % share, by value, 2017–2022
- Table 3: Asia-Pacific travel & tourism industry category segmentation: $ million, 2017-2022
- Table 4: Asia–Pacific travel & tourism industry geography segmentation: $ million, 2022
- Table 5: Asia-Pacific travel & tourism industry value forecast: $ million, 2022–27
- Table 6: Marriott International Inc: key facts
- Table 7: Marriott International Inc: Annual Financial Ratios
- Table 8: Marriott International Inc: Key Employees
- Table 9: Marriott International Inc: Key Employees Continued
- Table 10: Marriott International Inc: Key Employees Continued
- Table 11: Trip.com Group Ltd: key facts
- Table 12: Trip.com Group Ltd: Annual Financial Ratios
- Table 13: Trip.com Group Ltd: Key Employees
- Table 14: China Southern Airlines Co Ltd: key facts
- Table 15: China Southern Airlines Co Ltd: Annual Financial Ratios
- Table 16: China Southern Airlines Co Ltd: Key Employees
- Table 17: Asia-Pacific exchange rate, 2018–22
- List of Figures
- Figure 1: Asia-Pacific travel & tourism industry value: $ million, 2017–22
- Figure 2: Asia-Pacific travel & tourism industry category segmentation: $ million, 2017-2022
- Figure 3: Asia–Pacific travel & tourism industry geography segmentation: % share, by value, 2022
- Figure 4: Asia-Pacific travel & tourism industry value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the travel & tourism industry in Asia-Pacific, 2022
- Figure 6: Drivers of buyer power in the travel & tourism industry in Asia-Pacific, 2022
- Figure 7: Drivers of supplier power in the travel & tourism industry in Asia-Pacific, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Asia-Pacific, 2022
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Asia-Pacific, 2022
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Asia-Pacific, 2022
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