ASEAN countries will receive 10% of all tourism investment by 2026

Published on : Wednesday, November 2, 2016

WTTCOne in ten of all tourism investment dollars will go into ASEAN countries over the next ten years, according to new research by the World Travel & Tourism Council (WTTC).



According to the research, “Travel & Tourism Investment in ASEAN”, over the years 2016 – 2026, 9.7% (nearly 1 in 10 dollars) of global investment in Travel & Tourism will be in ASEAN.



Travel & Tourism investment in ASEAN over the next decade will total US$782 billion, which is 7.4% of all investment in the region. This represents growth of 6.3% per year, nearly 2 percentage points faster than the global average.



Investment spending will be dominated (95%) by five major destinations – Singapore, Thailand, Vietnam, Indonesia, and Malaysia – which together account for over 80% of ASEAN’s international arrivals and tourism contribution to GDP.



However given the strong demand for travel to this region, some countries are still at risk of not investing enough to ensure infrastructure meets the needs of forecast tourism growth.



The report highlights the investment needed in ASEAN in order to support the region’s forecast Travel & Tourism growth over the next decade. ASEAN is one of the world’s most tourism dependent regions. Travel & Tourism contributes 12.4% of GDP, nearly 4% above most other world regions. However, according to the report, ASEAN Travel & Tourism infrastructure currently only ranks ahead of Latin America, the Caribbean and Africa.



As such the outlook across the ten constituent countries of ASEAN is mixed:




David Scowsill, President & CEO, World Travel & Tourism Council, said: “Our research shows that investment in infrastructure is critical to the future sustainability of Travel & Tourism. As one of the fastest growing tourism markets, public and private sector leaders across ASEAN must prioritise tourism investment and channel it effectively to ensure the region’s infrastructure can meet this increasing demand.


Countries such as Singapore and Indonesia are leading the way in terms of their infrastructure development but across ASEAN there is much more which is required. For some countries this might mean expanding capacity, through increasing visitor accommodation, airport capacity and tourist facilities while others need to maintain and enhance their current infrastructure.”


Tags: , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 01 AIME 2018 BB
  • 02 WTM Latin America 2018
  • 03 EMITT 2018
  • 04 AIME-2018 small
  • 05 itb-china 2018
  • 06 Central & Eastern Europe 2018
  • 06 imtm 2018
  • 06 TTF-2018
  • 07 balttour 2018
  • 07 ibtm arabia 2018
  • 08 mice-arabia 18
  • 09 The hotel shows audiarabia 18
  • 10 hotelfair 2018
  • 10 miceforum 18
  • 11 Digital Travel 2018
  • 30 PATA


Get our toolbar!
Review on