Asia-Pacific Tourism Rebound: Late to the Party, But Now Leading the Pack

14.10.2024 - 11:18 / skift.com / Peden Doma Bhutia / Olivier Ponti

The global tourism industry is bouncing back in 2024. International arrivals increased 16% between January and August, compared to 2023, according to travel intelligence firm ForwardKeys. The company’s insights, presented at the World Travel and Tourism Council’s (WTTC) Global Summit in Perth, highlighted the pivotal role of the Asia-Pacific region in driving this resurgence.

Despite ongoing challenges, pent-up demand is leading to rapid growth across several key markets.

Travel is surging globally, however, Asia-Pacific (APAC) has emerged as a key engine of growth. The region’s recovery was slower compared to other parts of the world, largely due to delayed reopening after the pandemic. But the catch-up phase is in full swing.

In 2024, APAC is experiencing double-digit growth, with international arrivals projected to rise by 19% overall. China, Japan, Malaysia, Thailand, and Indonesia are leading the charge, each showing significant year-on-year growth in visitor numbers.

“Asia is still in a recovery phase, catching up with its 2019 levels,” Olivier Ponti, director of intelligence and marketing at ForwardKeys,said on Wednesday. “But we are seeing consistent progress, especially in countries like China, which still has space to grow. Malaysia, Japan, Indonesia and Vietnam are also growing strong.”

This recovery trajectory, though promising, indicates a gap between current performance and pre-pandemic benchmarks. However, the year’s upward trend has industry stakeholders optimistic that the region will continue to close the gap through the end of 2024 and beyond.

Within Asia-Pacific, different markets are recovering at varying speeds. Southeast Asia and South Asia have shown robust growth, especially when compared to last year. However, when benchmarking against 2019 levels, South Asia is the strongest performer, thanks to countries like India, which initiated recovery efforts early in 2023.

Oceania has seen a 10% increase in arrivals, driven largely by New Zealand and Australia.

The resurgence of international tourism is not just about where people are going, but where they’re coming from. ForwardKeys highlighted that the U.S. and European markets are already in growth mode, while China and Japan’s outbound travel are still recovering, albeit with strong year-on-year improvements.

“China and Japan are both showing substantial growth compared with last year, but they still haven’t reached 2019 levels,” said Ponti. This trend offers destinations opportunities to focus on re-engaging these critical markets as they return to international travel.

A key takeaway for destinations aiming to attract Chinese travelers is the need for targeted strategies. The Golden Week travel period in October saw Chinese