• Southeast Asia’s tourism to grow by 20.6 per cent

    Southeast Asia’s tourism to grow by 20.6 per cent

    Travel Biz News —

    Southeast Asia’s travel and tourism sector is projected to grow by 20.6 per cent to reach 360 million US $ this year representing 9.7 per cent of the region’s economy and surging past the 2019 peak, according to economic impact research the World Travel & Tourism Council’s (WTTC).

    Jobs are expected to reach more than 42.4 million, representing a year-on-year growth of 5.6 per cent and surpassing 2019 levels.

    International spending is set to grow by 33.2 per cenr to hit 140 million US $, lagging behind 2019 levels, while domestic visitor spending is set to grow almost 15.8 per cent to reach USD 142 million.

    WTTC is forecasting that travel and tourism across the region will continue to grow over the next decade. Jobs are forecast to exceed 56.5 million, creating more than 14 million new jobs.

    Southeast Asia is composed of 11 countries of impressive diversity in religion, culture and history: Brunei, Myanmar, Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

    July 18, 2024 ·

    Photo: Pura Besakih , a Hindu temple built between 10th and 14th centuries, houses more than 23 gods. It is one of the largest Hindu temples in Indonesia and goes up to 30,000 feet in height. Photo: ASEAN Society and Culture

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      “Messe Berlin’s presence in India reflects our strategic intent to strengthen our international reach by being where the growth is. India is a key market for us — vibrant, diverse, and full of opportunities. With Messe Berlin India, we are laying down long-term foundations to build strong partnerships, support local industries, and elevate our global platforms,” said Dr. Mario Tobias, CEO, Messe Berlin.

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