The past few years have been a period of increasing dynamism in the international education sector. A number of factors, such as immigration policies, political climate, growing higher education capacity and increased/decreased government support, have combined to influence both the ability of study destinations to attract students and the choices made by students when planning to study abroad.
Year-over-year growth figures for the world’s leading global study destinations (above) highlight that international enrolment in Australia reached a new high in 2017, with 13% growth over the year before and a total count of 624,000 international students. Australia is now the second most popular destination for university-aged students from China and India and boasts significant numbers from other Asian markets such as South Korea, Vietnam, and Thailand.
Germany has already exceeded its target as official statistics confirm that 358,900 international students were studying in German universities in 2017, a 5.5% increase over the previous year. Germany is now the world’s sixth leading study destination worldwide, after the USA, UK, Australia, Canada, and China.
Unlike Australia and Germany, international enrolments in the UK grew by 2%. These results are to some extent related to the political environment in the UK, such as curtailed work rights for international students, as well as Brexit concerns. However, despite these factors, newly released UCAS figures highlight that for the 2018/2019, overall acceptances for EU students placed at UK universities have grown 3%, while international student numbers have grown 4%.
A consistent factor influencing higher education is global social mobility. The destination of choice may change over time, but demand for students wanting to study abroad is growingly and is predicted to continue to grow significantly.
It is against this backdrop that GSA Coral continues to capitalise on global investment opportunities which further diversify the portfolio in new markets.