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Asia and Southeast Asia have become the crucible of global travel during the past few years with China’s 133 million outbound travelers fanning out to destinations across the continent. Asian destinations are projected to receive USD 1.5 trillion in travel and tourism investment in the next ten years, according to a Skift report. One in every ten dollars spent on global travel and tourism investment will land in Asian destinations through 2026, and China will eat nearly half of that funding funding, according to a report on Asian tourism investment from the World Travel & Tourism Council (WTTC). China is the most significant growth story in the region, said David Scowsill, president and CEO of WTTC. “China itself is investing a huge amount in infrastructure as well, around USD 723 billion over the next three years,” he said. “They’re building 45 new airports so a lot of that outbound growth is going to come from China.” |
