Book, stay, enjoy. That's

Tuesday 31 July 2018

Asian cities pulling in the tourist hordes

Asian cities lead the way as leading global tourism drawcards.

There are seven Asian cities in the top 10 in terms of international tourist arrivals in 2017, leading data and analytics company Global Data reported: Bangkok, Singapore, Tokyo, Hong Kong, Seoul, Kuala Lumpur and Shenzhen.

Europe, the Middle East and the United States were limited to one city each: London, Dubai and New York City respectively.

Depreciation of most of the Asian currencies (except the Chinese yuan) played a vital role in attracting international visitors to Asian cities. Tourists from Europe and China were behind the growth of international arrivals to Asia.

Bangkok continued to remain the top international tourist destination globally for the third consecutive year, with 20.8 million international visitors in 2017. Tourism-friendly visa policies of Thailand, strong promotional efforts and low-cost connectivity drove Bangkok to the top spot.

London was the second most preferred destination with 20.4 million international visitors riding on the back of deprecation in the value of British pound since the Brexit referendum, followed by Singapore, Dubai and Hong Kong with 17.42 million, 15.8 million and 14.03 million, respectively. 

Konstantina Boutsioukou, Travel and Tourism Analyst at GlobalData, says: “Huge expanding middle classes, the growth of low-cost carriers and geographical proximity makes traveling within Asia easy and convenient, particularly for the first time travelers.”

GlobalData's report Tapping Into the Luxury Travel Market reveals that emerging affluent nationals of Indonesia, Turkey, Singapore, Mexico and India are saving most for overseas holidays.

Despite lower hotel costs, the occupancy rate in most of the Asian cities was around 70%, lower than cities in Europe and the US in 2017.

This is because the growth in hotel development in recent years is substantially higher than the growth in the number of travellers.

An exception is seen in Tokyo, Singapore and Seoul, where business tourists helped maintain occupancy rates at more than 80%. In terms of average daily rates (ADR), New York City leads the pack followed by London.

No comments:

Post a Comment