Largest travel market in the world is… Asia Pacific

first_img<a href=”” target=”_blank”><img src=”;cb=INSERT_RANDOM_NUMBER_HERE&amp;n=a5c63036″ border=”0″ alt=””></a> North America is officially no longer the world’s largest travel market, with figures showing clearly that Asia Pacific has taken the top spot with 647 million travellers in the past year.Aviation forecasters have long been predicting this day and in 2009 the milestone was hit, says the International Air Transport Association (IATA) as Asia Pacific generated 9 million more air passengers than the 638 million recorded in North America.“Asia-Pacific’s prospects are improving faster than other regions,” Giovanni Bisignani, IATA Director General and CEO, also noted.“Asia-Pacific’s diversity, dynamism and potential are a great opportunity. Rapidly developing markets are defining aviation’s future.”By 2013 an additional 217 million travellers are expected to take to the skies within Asia-Pacific.Asia Pacific carriers are also expected to narrow their losses this year down from 2009’s US$3.4 billion loss to US$700 million. Source = e-Travel Blackboard: W.Xlast_img read more