London (United Kingdom) – April 27, 2017 (travelindex.com) - While Bangkok remains the most visited destination in Asia Pacific, Singapore continues to lead the Thai capital in total visitor expenditure, according to the latest findings from the Mastercard Asia Pacific Destinations Index 2017 shared today at the World Travel & Tourism Council (WTTC) Global Summit in Bangkok.
Over the past two years (2015-2016), Singapore has tracked a strong 18.0 percent leap in visitor spend. One of only five destinations of the top 20 by total expenditure to reach a minimum spend of US$200 per day, Singapore attracted the highest spending visitors at US$254 per day, followed by Beijing (US$242), Shanghai (US$234), Hong Kong (US$211) and Taipei (US$208).
According to the Index’s findings, 2016 was an exciting year for tourism in Asia Pacific. Fueled by increasing consumer wealth amongst Asia Pacific’s emerging markets, the region’s thriving tourism industry continues to show vigorous progress. It is the world’s fastest growing region for international tourism by GDP contribution, with tourism making up 8.5 percent of Asia Pacific’s GDP and 8.7 percent of total employment last year .
Overnight arrivals make an unprecedented jump
Half of the top 20 most visited destinations in Asia Pacific saw more than 10 percent growth in international overnight arrivals from 2015 to 2016. Destinations that benefitted most from this growth include Northeast Asian and Southeast Asian markets – Seoul (32.7 percent), Osaka (23.8 percent), Bali (22.5 percent), Tokyo (22.2 percent), Hokkaido (21.9 percent), Chiba (21.5 percent) and Pattaya (20.6 percent).
This growth provides significant opportunities which governments, tourism bodies, and merchants can benefit from, including greater economic, cultural and infrastructural development. To ensure sustainable growth, public and private sectors are working to create more welcoming spaces for visitors and residents alike – as well as more seamless ways to get around destinations.
Overall, overnight arrivals to the 171 Asia Pacific destinations in 2016 stood at 339.2 million (9.8 percent CAGR from 2009-2016), led by Bangkok which tracked 19.3 million visitors. Singapore (13.1 million) came in second place, followed by Tokyo (12.6 million), Seoul (12.4 million) and Kuala Lumpur (11.3 million). China stands as Asia Pacific’s most avid outbound travel market, having contributed 55 million international overnight visitors to the region last year or 16.2 percent of the total.
The top ten Asia Pacific destinations ranked by international overnight arrivals:
1. Bangkok – 19.3 million
2. Singapore – 13.1 million
3. Tokyo – 12.6 million
4. Seoul – 12.4 million
5. Kuala Lumpur – 11.3 million
6. Phuket – 9.1 million
7. Hong Kong – 8.9 million
8. Pattaya – 8.1 million
9. Osaka – 7.4 million
10. Taipei – 7.4 million
Total nights stayed hit new highs
Visitors to Asia Pacific destinations are traveling to the region more, and doing so for longer periods. In 2016, visitors to the region stayed for a total of 1,768.7 million nights, an 8.1 percent CAGR from 1,023.1 million nights in 2009. Bangkok took the lead with 87.6 million nights, while Sydney came in second place with 87.5 million, followed by Kuala Lumpur at 76.7 million.
In particular, Sydney’s second-place position is especially outstanding compared to its number of overnight arrivals. Taking 20th place in the latter ranking, Sydney’s ratio of average number nights stayed versus number of overnight arrivals is shared by fellow Australian destinations Melbourne and Brisbane on the Index. As many tourists have to travel a distance to reach Australia, they are more likely to stay for longer periods to make their journey worthwhile.
The top ten Asia Pacific destinations ranked by total nights stayed:
1. Bangkok – 87.6 million
2. Sydney – 87.5 million
3. Kuala Lumpur – 76.7 million
4. Tokyo – 74.3 million
5. Melbourne – 62.9 million
6. Bali – 62.4 million
7. Singapore – 60.7 million
8. Seoul – 56.0 million
9. Brisbane – 51.8 million
10. Taipei – 47.8 million
Overall visitor spend leaps almost twofold
Spurred by Asia Pacific’s burgeoning middle class, overall tourism expenditure in the region jumped from US$141.5 billion in 2009 to US$244.9 billion in 2016, an 8.2 percent CAGR Moreover, Asia Pacific’s top 20 source markets contributed US$201.5 billion to the region’s tourism revenues in 2016.
The mass of tourists from Northeast Asia have helped to boost these earnings. Key findings from the Index revealed China (17.7 percent) and South Korea (8.8 percent) as the largest contributors to tourism expenditure in Asia Pacific. In fact, these two markets were also top source markets for Singapore (China #1), Bangkok (China #1) and Tokyo (Korea #1, China #2), the region’s leading destinations by visitor expenditure. As renowned global shopping and dining locales, they are popular amongst affluent Chinese and South Korean tourists seeking new shopping or culinary experiences.
The top ten Asia Pacific destinations ranked by expenditure:
1. Singapore – US$15.4 billion
2. Bangkok – US$12.7 billion
3. Tokyo – US$11.1 billion
4. Taipei – US$9.9 billion
5. Seoul – US$9.4 billion
6. Bali – US$8.7 billion
7. Phuket – US$8.3 billion
8. Kuala Lumpur – US$7.3 billion
9. Sydney – US$6.8 billion
10. Hong Kong– US$6.6 billion
Part of Mastercard’s commitment to supporting the region’s tourism industry, the Asia Pacific Destinations Index analyzes travel journeys across 171 Asia Pacific destinations to help the travel industry, government and stakeholders better understand and cater to tourism demand.
About the Mastercard Asia Pacific Destinations Index:
The Mastercard Asia Pacific Destinations Index is an offshoot of Mastercard’s annual Global Destination Cities Index.In recent years, Asia Pacific cities have increasingly dominated the fastest growing and most visited destinations in the world. According to the 2016 Mastercard Global Destination Cities Index, five of the ten most visited cities in the world were in Asia Pacific.
The Asia Pacific Destinations Index takes a more in-depth, focused look at these tourism trends, ranking 171 destinations, including island resorts as well as towns and cities across the region, in terms of the total number of international overnight arrivals; cross-border spending; and the total number of nights spent at each destination. These 171 destinations are drawn from 22 countries across Asia Pacific and represent 90 percent of all international overnight arrivals within the region.
Public data is used in deriving the international overnight visitor arrivals and their cross-border spending in each of the destinations, using custom-made algorithms.This Index and the accompanying reports are not based on Mastercard volumes or transactional data.
Mastercard (NYSE: MA), www.Mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardAP and @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
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