Travel & Tourism in Asia-Pacific
Summary
Travel & Tourism in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Asia-Pacific travel & tourism industry recorded revenues of $1,278.8 billion in 2023, representing a negative compound annual growth rate (CAGR) of 1.0% between 2018 and 2023.
- The hotels & motels segment accounted for the industry's largest proportion in 2023, with total revenues of $390.4 billion, equivalent to 30.5% of the industry's overall value.
- In 2023, the industry experienced a significant value increase, recovering from recent declines, primarily driven by increasing capital investment, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in China reached $304.3 billion in 2023, reflecting a 12.4% increase from 2022.
- 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 2023?
- What will be the size of the Asia-Pacific travel & tourism market in 2028?
- 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 are the strategies of the leading players?
- 7.3. What are the recent developments in the industry?
- 8 Company Profiles
- 8.1. Accor SA
- 8.2. Trip.com Group Ltd
- 8.3. China Southern Airlines Co Ltd
- 8.4. Yum China Holdings Inc
- 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, 2018-23
- Table 2: Asia-Pacific travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Asia-Pacific travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Asia-Pacific travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Asia-Pacific travel & tourism industry value forecast: $ million, 2023-28
- Table 6: Accor SA: Key Facts
- Table 7: Accor SA: Annual Financial Ratios
- Table 8: Accor SA: Key Employees
- Table 9: Accor SA: Key Employees Continued
- Table 10: Trip.com Group Ltd: Key Facts
- Table 11: Trip.com Group Ltd: Annual Financial Ratios
- Table 12: Trip.com Group Ltd: Key Employees
- Table 13: China Southern Airlines Co Ltd: Key Facts
- Table 14: China Southern Airlines Co Ltd: Annual Financial Ratios
- Table 15: China Southern Airlines Co Ltd: Key Employees
- Table 16: Yum China Holdings Inc: Key Facts
- Table 17: Yum China Holdings Inc: Annual Financial Ratios
- Table 18: Yum China Holdings Inc: Key Employees
- Table 19: Asia-Pacific Exchange Rate, 2018-23
- List of Figures
- Figure 1: Asia-Pacific travel & tourism industry value: $ million, 2018-23
- Figure 2: Asia-Pacific travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Asia-Pacific travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Asia-Pacific travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Asia-Pacific, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Asia-Pacific, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Asia-Pacific, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Asia-Pacific, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Asia-Pacific, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Asia-Pacific, 2023
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