Forecast: Steady Growth in Asia/Pacific Outbound Travel

MasterCard Worldwide announced the results of its latest MasterCard Worldwide Index™ of Travel report, predicting steady growth in outbound travel across Asia/Pacific in the first half of 2008, despite the economic uncertainty clouding world financial markets. Markets in which healthy year-on-year growth in outbound travel is anticipated include China (12.4%), Australia (12%), Korea (10.8%), Malaysia (6.8%), New Zealand (6.5%) and the Philippines (5.9%).

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.

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Source: www.lifeofguangzhou.com

Editor: Shanna Chu