Indonesia leads Asia-Pacific market in annual growth
93pc increase in Asia-Pacific hotel bookings this year
-A Monitor Report
01 Nov, 2017  |
: A new bookings data presents that Asia-Pacific hotel bookings increased 93 per cent in 2017, compared to the same time in 2016.
The data announced by Tourico Holidays, a business unit within Hotel beds Group, says that Indonesia leads the Asia-Pacific market in annual growth, with bookings up 111 per cent in 2017.
China (+88 per cent year-on-year), Singapore (+79 per cent YoY), Malaysia (+78 per cent YoY), Australia (+63 per cent YoY), and Thailand (+39 per cent YoY) have also seen a sharp increase in hotel bookings compared to last year.
Nearly every source market is contributing to the growth in Asia-Pacific hotel booking activity. North America increased its bookings to the region in 2017 by 53 per cent - with the United States jumping 46 per cent year-over-year and Canada growing by 98 per cent.
South America also increased its Asia-Pacific hotel bookings by 64 per cent. Meanwhile, Europe continues to consume Asia-Pacific hotel product as well, increasing its bookings by 96 per cent_ with the United Kingdom's bookings rising by 95 per cent year-over-year.
The Middle East saw a 24 per cent increase in Asia-Pacific bookings, and Scandinavia increased by 68 per cent.
Domestic travel within Asia-Pacific has also shown growth, increasing by 107 per cent in 2017.
"The Asia-Pacific travel market has advanced at an unprecedented rate in 2017 - and there are no real signs of a slow-down," said Hillary Wang, Regional Director, Product Development in North Asia, Tourico Holidays.
"Travel suppliers serving the Asia-Pacific market should expect consistent, diversified demand to countries throughout the region."
As the demand for Asia-Pacific hotel product continues to rise, Tourico has strategically added local rooms to its inventory. In 2017, Tourico increased its number of APAC hotel partners by 40 per cent.