Asia-Pacific outbound travelling to rise

Steady growth in outbound travel across Asia/Pacific in the first half of 2008 is expected, despite the economic uncertainty clouding world financial markets, according to a survey.

MasterCard Worldwide Index™ of Travel report said that markets in which healthy year-on-year growth in outbound travel is anticipated include China (12.4 per cent), Australia (12 per cent), Korea (10.8 per cent), Malaysia (6.8 per cent), New Zealand (6.5 per cent) and the Philippines (5.9 per cent).

"Despite volatility in world financial markets, growth in travel remains steady because growth of income and employment is expected to continue during the first half of the year" said Yuwa Hedrick-Wong, economic advisor to MasterCard Worldwide in Asia/Pacific.

Outbound travelers from Asia/Pacific are expected to make over 79.5 million resident departures over the next six months, more than a quarter of which will be made by travelers from China. More Chinese are expected to venture overseas for personal and business travel, with 21.6 million resident departures projected in the first half of 2008, compared with the 17.2 million projected in the same period a year ago.

- The Nation

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Asia-Pacific outbound travelling to rise

Steady growth in outbound travel across Asia/Pacific in the first half of 2008 is expected, despite the economic uncertainty clouding world financial markets, according to a survey.

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