The foreign student business set to become 'bigger then Bejing'....

The foreign student business set to become 'bigger then Bejing'. From today's transcript:

Sector Developments and Trends.

'Despite economic cycles, demand for international education continues to grow globally, with the number of students enrolled outside their country of citizenship rising, from 2.1m worldwide in 2000 to over 4.5m in 2012. This is largely due to the growing wealth of the middle class in developing countries and capacity shortfalls in these regions. Demand is projected to keep growing to over 8.0m by 2025 with Navitas well positioned with colleges in all key destination countries. Enrolment growth rates in Navitas’ UK University Programs operations continued to be impacted by the Home Offices’ requirements for low visa refusal rates with enrolment growth moderating in the period. More recent UK government commentary does not indicate any immediate positive change to education policy though we believe the well-known economic and social benefits of international education to destination countries may influence policy settings over time. Australia’s regulatory environment continues to evolve with the government expanding its streamlined visa processing regime via a new system called the Simplified Student Visa Framework (SSVF). Under the SSVF program student visa requirements will be determined by their country of origin and the risk rating of the education provider. The SSVF system will be implemented on 1 July 2016 and should help to ensure Australia retains its reputation as a hospitable education destination. Regulatory and policy settings for international students in both Canada and the US remained stable throughout the year.'

Buy and hold.