Asia Pacific Travel Market Data Sheet 2023-2027

Summary

The Asia Pacific region experienced transformative 2023, with gross bookings set to exceed $451 billion in 2024, surpassing pre-pandemic levels for the first time as a region. This is following a year of 48% growth in 2023, predominantly fueled by the region’s full reopening and international visitors flocking to the region’s many popular destinations. Further underpinning the market’s dynamics are AI and other technological transformations, with greater opportunities for expansion lying ahead.

This data sheet provides quick and easy access to updated Asia Pacific travel market sizing data and projections from 2019-2027, including online and total markets, segments and major distribution channels. Much of the data included here, along with expanded analysis, is also featured in Phocuswright’s Asia Pacific Travel Market Report 2023-2027.