Updated forecasts for 39 Asia Pacific destinations, released by the Pacific Asia Travel Association (PATA) today, show a very strong increase in aggregate international visitor arrivals (IVAs) under each of three scenarios in 2023, with robust annual growth continuing to the end of 2025.
The latest 2023 APAC hospitality statistics, including exclusive TrustYou and third-party data.
Data from Amadeus’ Demand360 shows that in the first quarter of 2023 (January-March), the region saw a hotel occupancy growth trajectory of 61.7%, surpassing 2019 levels by 3%, thanks to the recent reopening of Greater China's border.
The reopening measures in China will not only aid towards easing the raw material shortage in the APAC region but will also contribute towards the growth of other sectors, including tourism and hospitality.
The World Travel & Tourism Council (WTTC) reports positive signs of recovery for the Asian Travel & Tourism sector, with five major metropolises seeing a significant economic rebound.
Northeast Asia's travel industry, comprised of four key regional travel markets - South Korea, Hong Kong, Taiwan and Macau - is preparing for a rebound in 2023 with the rebuilding of air connectivity across Asia Pacific markets.
Southeast Asia sits at the lower end of recovery compared to other STR-defined subcontinents, exceeding only the gains of Northeastern Asia in terms of occupancy and average daily rate (ADR) in 2022. This was due to strict and long-lasting COVID mitigation strategies and the region’s reliance on international travel, particularly from China, which has been slower to resume international flight capacity.
For the months of July – September 2022, Amadeus business intelligence data shows APAC hotel occupancy reached an average of nearly 60%, just three percentage points shy of the same months in 2019. Australia and New Zealand are leading the region in group business for Q4.
Four key Asia Pacific hotel markets, led by New Delhi, surpassed their pre-pandemic levels in gross operating profit per available room (GOPPAR), according to STR’s September 2022 P&L data release.
While July to September is considered a slow travel season for both Australia and Southeast Asian countries, Trip.com data shows that more travellers from these two regions are travelling during this season.