JAPAN CEDES TITLE AS ASIA’S LARGEST TRAVEL MARKET

TOKYO - Japan's dominance as APAC's largest travel market has come to an end as an emerging China assumes the top spot, according to travel industry researcher PhoCusWright. Following over a decade of economic stagnation, Japan's recovery from the March 2011 earthquake and tsunami has been sluggish, and the country's overall travel market growth will slow to 2% by 2015, according to a new PhoCusWright report (www.phocuswright.com/products/4248).