A market rewired: 10 structural shifts redefining APAC travel

Phocuswright's report identifies ten structural shifts reshaping Asia-Pacific travel, spanning demographics, geopolitics, infrastructure, capital, and technology. These forces interact to redefine demand. India, Indonesia, and Malaysia remain young and growing, while Japan, South Korea, and Taiwan face aging populations. Geopolitical tensions impact arrivals, such as Cambodia's 36% drop and Japan's forecast $7.7 billion loss due to friction with China. Rail and short-term rentals gain share, fintech becomes infrastructure, hotel groups expand abroad, venture capital tightens, and cross-industry partnerships emerge as new distribution channels.