peter jong

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Published on March 27, 2008

Author: Jeremiah

Source: authorstream.com

Peter de Jong:  Peter de Jong President & CEO Pacific Asia Travel Association Significant Global Events:  Significant Global Events Slide3:  Bali, Ground Zero, October 12, 2002 Conflict in Iraq:  Conflict in Iraq Year-on-Year % Change by month Jan-00 to June-03:  Year-on-Year % Change by month Jan-00 to June-03 Why?:  Why? Impossible to imagine State-of-Shock Unknown inter-dependencies Unknown players Unknown solutions Unknown longer-term effects Denial! The Impact!:  The Impact! More than 17 million arrivals lost – year to date in Asia pacific alone (-12%) US$12 billion lost in direct visitor expenditure Up to 11 million industry jobs lost China (PRC): 2.8 million front-line jobs gone US$7.6 billion of GDP lost Much more if indirect effects are included The Scars!:  The Scars! More nearby destination trips More domestic travel Less traditional air travel More “no-frills” air travel More car/bus trips within own destination Safety/security issues paramount Toothless Tigers?:  Toothless Tigers? The Healing?:  The Healing? Hong Kong SAR, Y-o-Y % Change, by Month, 2003 But Not Uniform!:  But Not Uniform! Bali, Indonesia, Y-o-Y % Change, by Month, Aug-02 – Jly-03 Little Wonder:  Little Wonder The Young Asians:  The Young Asians Younger than Western Counterparts Saving less & spending more Asian Boomers Buying homes, consumer durables, travel & luxury goods The “real thing” 306 million now, up to 1.4 billion by 2020! Slide15:  The Next Generations

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