What does the global future of travel look like? | The Insight Files | Scoop.it

The global economic landscape has always had an influential role over the travel industry, and chief economist for Southeast Asia has a few insights up his sleeve. Among his forecasts include:

  • Economic outlook - the Asia Pacific is tipped to outperform all other markets for the next 12 to 18 months. 
  • Emerging markets - Australia's sharp drop in currency means that more travellers are looking to visit down under, while Australians are predicted to travel to other cheaper markets outside of Australia. A trend will emerge where Australian consumers will slowly come home, and start to spend again as the weaker currency and fall in interest rates boost the economy back up. 
  • China - China will add $890 billion every year to the global economy, the equivalent of Australian GDP every year over the coming years, suggesting the country will become much more than just a strong, emerging market. 

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