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Asia-Pacific Luxury Travel Market surges past Europe – Expat Embassy

Asia-Pacific Luxury Travel Market surges past Europe

Post by Richard Butler | 21 May 2016 |
European observers have been surprised to see the great leap in the travel market in the Asia-Pacific region within the last few years.  They will see a much greater increase in its growth in the coming years too, as revealed in reports from the magazine Amedeus featuring tourism economics.
In spite of making up only 18% of the world’s population, North America and Western Europe have been  leading the world with 64% of global outbound luxury trips.  However, the Compound Annual Growth Rate (CAGR) in luxury outbound trips from Asia Pacific from 2011 – 2025

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