August 26, 2016
Expedia launches guides for travelers seeking city history
Expedia.co.uk today announces the imminent release of City History, an interactive guide that details historical facts about major holiday destinations.Read more
A new Amadeus report analyses the geopolitical, social, economic and technological trends that will have the greatest impact on the travel industry in Asia Pacific over the next 20 years, and its implications of changing traveler behaviour on the travel industry.
Amadeus research has identified four dominant themes that will fundamentally change travel in the Asia Pacific region to 2030. The company describes them as “Effects”, because each will drive a significant change in the travel ecosystem, with implications for travellers, travel service providers and the industry at large.
The Me Effect
The fragmentation of the travel market into ever-increasing niches.
Travellers across the region will become increasingly distinctive, travelling for a much wider and more specific range of reasons, and with different aspirations and requirements for the travel experience. While travel in Asia Pacific in the past has often been undertaken in large groups through leisure packages sold in bulk, or in large organised business groups, future travellers will be in smaller groups, or alone, and for a much wider range of reasons.
Significant new traveller segments will emerge, such as the female business traveller, the small business traveller and
the senior traveller, all of which have different aspirations and requirements from the travel experience. Matching this individualism is an increased willingness by travellers to selfmanage their travel, circumventing traditional sources of information and transactional channels in favour of a do-ityourself approach.
The Red Tape Effect
The breaking down of barriers to travel within the Asia Pacific region.
Greater economic convergence and integration across the region will gather pace and governments will continue to liberalise the regulations that have impeded trade, and associated travel. This will be manifested in areas such as the liberalisation of visa requirements and of air travel agreements. The overall impact will be huge growth, not just in the numbers of people that are able to travel, but also in the numbers that need or want to travel.
By 2030, India, China and Indonesia will dominate travel expenditure in the Asia Pacific region, as the impact of the enormous increase in outbound travellers is seen. At the same time there will be shifts in inbound travel markets, especially for business travel whether at the small-to-medium enterprise (SME) or corporate level.
While the main inbound markets such as Singapore, Thailand and Malaysia will remain strong, we expect the highest growth to come from emerging markets, such as China, and from markets that are currently marginal but which will offer huge potential mainly because of their natural resources. In an increasingly resource-constrained world, these will become the new hot-spots for travel. We include Mongolia, Papua New Guinea and Myanmar among these hot-spots.
The Leapfrog Effect
Technology, infrastructure and behaviours in the Asia Pacific region will leapfrog ahead of those elsewhere.
Asia will start to leapfrog existing behaviours in the adoption of newer technologies and infrastructure, giving the traveller new ways to manage the travel experience, creating new behaviours. This will provide new opportunities for travel providers.
The use of mobile devices (smartphones, tablets, etc.) and social media are the obvious findings to become an integral part of the travel experience; however we also refer to transport technologies and infrastructure developments as critical. High speed rail (HSR), 4G networks and port upgrade/builds in the region will enable Asia to leapfrog traditional behaviours elsewhere. Widespread use of mobile devices will change the way travellers behave – using a device to research and make travel arrangements, often at very short notice, gives travellers much greater flexibility but also creates less predictability for travel providers.
And increasingly travellers will use social media as a key tool in the overall travel experience – using social media sites, forums and online communities in the way that travellers in the past have used a travel agent.
While these trends will not destroy the established travel service providers, they will force changes in the way that providers interact with their customers – for example by allowing mobile transactions or transactions through social media sites.
The Barbell Effect
Growth particularly at the upper and lower ends of the travel market.
As economic growth and greater integration occurs, travellers will tend to become more extensive at the upper and lower ends of the economic spectrum. Most travellers from emerging economies will be travelling on a budget – and this will stimulate rapid growth in the budget end of the travel scale, whether in budget airlines or economy hotels.
At the same time, there will continue to be enormous growth in the numbers of the very wealthy in the region, particularly in emerging economies such as China, India and Indonesia.
For these individuals, travel will be a strong element of their discretionary expenditure – and we expect to see significant stimulus at the luxury end of the travel market.
Download the full report at Amadeus (PDF 6.3 MB)
Visit our sponsors: