Northeast Asia set to surpass $30 billion annual online travel bookings by 2026
The future of Northeast Asia travel is online, with Phocuswright predicting that the region will break through another barrier in online travel bookings by 2026, reaching $30 billion. The latest Phocuswright Northeast Asia Travel Market Report 2023-2027 cites several forces at play. New demand, demographic and strategic dynamics will further reshape travel across the decade as the slump-to-recovery period will transform into stepped growth of overall gross bookings through 2027.