peter jong

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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