Outbound Spending 2020: 32% By Asia Pacific Residents

Spending by Asia Pacific residents is forecast to account for 32% of the total in 2020 – much larger than the 2008 level of 21%. Spending by Europe is forecast to reduce by 10% (from 51% to 41%); North America by 3% (from 16% to 13%). Spending from Latin America may increase marginally from 3% to 4% while the Middle East is expected to remain at the 2008 level (5%).

Source: The Travel Gold Rush 2020