China is the largest outbound travel market and expected to see 103.4 million trips in 2021 constituting 40 percent of all Asia Pacific outbound travel, nearly four times that of the #2 and #3 markets being South Korea (25.6 million) and India (21.5 million) respectively according to a latest Mastercard Report.
Forecasted international outbound trips from the top 10 Asia Pacific markets by 2021
- China – 103.4 million
- South Korea – 25.6 million
- India – 21.5 million
- Japan – 19.4 million
- Taiwan – 16.3 million
- Malaysia – 14.2 million
- Australia – 11.8 million
- Singapore – 11.7 million
- Indonesia – 10.6 million
- Thailand – 9.1 million
Forecasted top 10 fastest growing Asia Pacific markets by international outbound trips (2016-2021 CAGR)
- Myanmar – 10.6%
- Vietnam – 9.5%
- Indonesia – 8.6%
- China – 8.5%
- India – 8.2%
- Myanmar – 10.6%
- Vietnam – 9.5%
- Indonesia – 8.6%
- China – 8.5%
- India – 8.2%
2016-2021 Outbound Travel Forecast
| Outbound trips (mn) | Exclusions | 2013 | 2014 | 2015 | 2016e | 2021 | 2016-2021CAGR | Real GDP Growth 2016-2021 |
| Australia | 8.8 | 9.1 | 9.5 | 10 | 11.8 | 3.50% | 2.90% | |
| Bangladesh | 1.5 | 2 | 2.1 | 2.3 | 2.6 | 2.90% | 6.80% | |
| China | trips to HK and Macau | 38.8 | 48.1 | 61.6 | 68.7 | 103.4 | 8.50% | 6.00% |
| Hong Kong | travel to China and Macau | 4.7 | 5.2 | 5 | 5.8 | 6.8 | 3.00% | 2.80% |
| India | 11.6 | 12.4 | 13.5 | 14.5 | 21.5 | 8.20% | 7.60% | |
| Indonesia | trips to Singapore by Sea and Same-day trips to Malaysia | 6.9 | 6.7 | 6.6 | 7 | 10.6 | 8.60% | 5.70% |
| Japan | 17.5 | 16.9 | 16.2 | 16.8 | 19.4 | 2.90% | 0.50% | |
| Malaysia | cross border land travel to Singapore | 10.8 | 10.5 | 11.1 | 11.9 | 14.2 | 3.50% | 4.90% |
| Myanmar | 0.7 | 0.8 | 0.9 | 1 | 1.7 | 10.60% | 7.70% | |
| New Zealand | 2.2 | 2.3 | 2.4 | 2.6 | 3.1 | 3.40% | 2.40% | |
| Philippines | 2.8 | 2.9 | 3.2 | 3.4 | 4.3 | 4.40% | 6.40% | |
| Singapore | cross border land travel to Malaysia | 8.6 | 8.9 | 9.1 | 9.8 | 11.7 | 3.50% | 2.60% |
| South Korea | 14.8 | 16.1 | 19.3 | 21.3 | 25.6 | 3.80% | 3.00% | |
| Sri Lanka | 1.3 | 1.3 | 1.4 | 1.5 | 2 | 6.10% | 5.00% | |
| Taiwan | 11.1 | 11.8 | 13.2 | 14.1 | 16.3 | 2.90% | 2.60% | |
| Thailand | 6 | 6.4 | 6.9 | 7.2 | 9.1 | 4.80% | 3.10% | |
| Vietnam | 4.2 | 4.1 | 4.6 | 4.8 | 7.5 | 9.50% | 6.20% | |
| Total _ 17 markets | 152.1 | 165.7 | 186.5 | 202.7 | 271.4 | 6.00% | 4.50% | |
| Asia Pacific Developed Markets | 67.7 | 70.3 | 74.7 | 80.4 | 94.6 | 3.30% | 2.40% | |
| Asia Pacific Emerging Markets | 84.4 | 95.4 | 111.8 | 122.3 | 176.8 | 7.60% | 5.90% | |