Latest trends published by ISC Research in a new Summary Report of the international schools market suggest the sector has remained resilient through the massive impact of COVID-19.
Although new school development has been static this year, latest data trends show reassuring enrolment growth for the global market. “This indicates that demand is still driving market activity,” states the report.
The Summary Report, which shares data and intelligence gathered by ISC Research during the first half of the 2020-2021 academic year, shows that many international schools have managed to retain their enrolments, with some gains and some losses. The report highlights the factors influencing these enrolment fluctuations in a number of key countries throughout Asia where the market is most buoyant.
In Thailand, for example, the report indicates a compound annual growth rate of 4.1% with enrolment increasing from 79,200 to 82,200 in the year from January 2020 to 2021. One of the factors impacting this has been in-country movement of Thai students from state schools to international schools. Looking to the future, the report suggests that the strict rules in China and South Korea for national children to attend their international schools means a continued relocation of families to Thailand and other South East Asian countries where international education is more accessible and affordable. According to the report, four new international schools are scheduled to open in Thailand in the next few years.
More details of the international schools market in Thailand as well as country updates for Egypt, Hong Kong, Malaysia, Singapore, Vietnam and Qatar are featured in the report. Chapters are also included that explore the increased emergence of online schools and the impact of COVID-19 on the future of the international schools market. Designed as a succinct but important update, the report summarises some of the key intelligence necessary to stay ahead of the shifting market. More details are available here.