Asia Unleashed: Regional Travel Market in the Throes of Transformation

Sweeping changes in Asia Pacific (APAC) are remaking the region's travel marketplace – and fueling sustained rapid growth of the online channel. According to a forthcoming PhoCusWright Global and Asia Pacific Edition report, PhoCusWright's Asia Pacific Online Travel Overview Fifth Edition, the outlook for the APAC travel industry remains bullish, with fierce competition in the high-growth online leisure and unmanaged business travel market. "Asia Pacific continues to experience significant advancement in infrastructure, innovation and consumer appetite for travel," said Douglas Quinby, PhoCusWright's senior director, research. "Despite concerns about slowing overall economic growth in China and India, travel in the region – and in particular online travel – continues to experience rapid growth and change." APAC continues to be the fastest-growing travel region globally. China's rising travel market will overtake Japan's by 2013 as the region's largest travel...