Paul Dowling Quotations

Lending to businesses became the flavor of the month about 18 months ago. It's a direct consequence of heightened competition in the industry after mortgage lending slowed.

Overall, we see the year ahead as one with great potential. The tourism infrastructure is growing, and the region is gearing up for events such as the Beijing 2008 Olympics. We hope that national tourism organizations, policy makers, tourism operators and regional merchants will find this information useful in better understanding travelers' concerns and thereby stimulate even more business for this most exciting part of the world.

Travelers' perceptions do not always reflect the reality of a situation, and ignorance is costing the industry billions.

Falling appetite for debt among the top 500 corporate segment is now a two-year trend.

Competition is the big issue. It's developing into a hyper-competitive market and everyone is chasing market share. Margins will continue to be squeezed.

Our data confirm that India is rapidly becoming a more mainstream tourism destination, with tourist receipts expected to grow significantly over the next few years.

Travelers perceptions do not always reflect the reality of a situation, and ignorance is costing the industry billions.