Asia Tourism Sector Research Highlights

Analysis

Global travel rebounds with digital innovation and spending
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The global tourism sector is gradually recovering from the impact of the Covid-19 pandemic. According to UN Tourism’s World Tourism Barometer published in January 2024, international tourism ended 2023 at 88% of pre-pandemic levels, with an estimated 1.3bn international arrivals. The revival has been underpinned by the release of pent-up demand, increased air connectivity, and a robust resurgence…

Analysis

Promoting less-visited tourism areas in Indonesia
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Tourism is a key pillar of Indonesia’s economy, with significant potential to drive economic growth in the coming years. Home to an archipelago of more than 17,000 islands, Indonesia is endowed with natural landscapes and a rich cultural heritage. However, much of its potential is untapped, as Bali maintains its position at the forefront of the tourism industry. With the island of Bali being Indonesia’s…

Overview

Government promotes alternative Indonesian tourism destinations
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Indonesia has significant potential as a tourist destination thanks to its diverse natural landscapes, which include beaches, tropical forests, mountains and seas. Although the country has a robust tourism industry, there is still further potential for growth in the sector. Recognising this, the administration of President Joko Widodo, better known as Jokowi – who will complete his second and final…

Interview

Shirley Tan, Vice Chairman, Rajawali Property Group: Interview
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Interview: Shirley Tan, Vice Chairman, Rajawali Property Group How do you assess the recovery in the tourism industry since the Covid-19 pandemic? SHIRLEY TAN: The recovery of Indonesia’s tourism industry after the pandemic has been robust, particularly in relation to international tourist arrivals. We recorded about 16.1m foreign visitors in 2019, and projections for 2024 suggest that numbers…

Chapter

The Report: Indonesia 2024: Tourism
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Indonesia presents substantial potential as a tourist destination due to its diverse natural landscapes, including beautiful beaches, lush tropical forests, majestic mountains and expansive seas. Although the country has a well-established tourism industry, there remains considerable room for expansion. The administration of President Joko Widodo, better known as President Jokowi, who will conclude…

Country Report

The Report: Indonesia 2024
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Indonesia, a South-east Asian archipelago with over 17,000 islands, has a long history dating back millions of years, marked by the early presence of Austronesians and the spread of Islam, which became dominant by the 17th century. Currently, Indonesia is poised for significant economic growth under the incoming administration of Prabowo Subianto, which aims for 8% annual growth, targeting a top-f

Economic News

The innovations that could revitalise tourism in emerging markets
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– Global tourism figures are recovering but remain below 2019 levels in most regions – Support for smaller firms and local content is expanding tourism offerings – Markets in the Middle East target the sector as path to economic diversification – Regenerative tourism supports both revenue- and emissions-focused targets As emerging markets develop new attractions and tap…

Economic News

How can the tourism industry achieve net zero?
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– Tourism is a key contributor both to global GDP and global emissions – There have been calls for a major reboot of the sector following Covid-19 – Airlines are now able to offset emissions in an international carbon exchange – Air carrier organisations in both MENA and the EU have set net-zero targets The global tourism industry – which accounted for 10% of GDP yet 8% of global…

Country Report

The Report: Philippines 2021
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The Philippines posted average economic growth of 6.4% over 2010-19. While the Covid-19 pandemic tested the country’s resilience during 2020, the response measures contained within the two national stimulus packages, Bayanihan 1 and 2, provided support to vulnerable industries. Meanwhile, the rollout of the imminent Corporate Recovery and Tax Incentives for Enterprises bill is expected to create

Economic News

Can border reopenings revive tourism in South-east Asia?
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– South-east Asian countries are relaxing border restrictions to drive a rebound in tourism – Some quarantine requirements have been abolished for selected vaccinated travellers – Vaccination levels, both abroad and at home, remain key to tourism revival plans After 18 months of travel restrictions, a number of countries in South-east Asia have begun opening their borders to foreign visitors…

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Asia Tourism Sector Research Highlights

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