Tourism Investment in South East Asia

Tourism investment in South East Asia has become a hot topic as the demand for travel expands to, from and between the 10 members of the Association of South East Asian Nations (ASEAN). Check-in Asia has just produced a detailed new report.

“Tourism arrivals to the 10 ASEAN countries have increased from 73.75 million in 2010 to an estimated 129.9 million in 2019 – and a projected 155.4 million in 2022.”

ASEAN: A Dynamic Tourism Region

It is hard to overstate the scale of transformation in South East Asia’s tourism economy over the past decade. Once the slow-paced preserve of budget backpackers, adventure-seekers and luxury travellers retreating to chic resorts and pristine beaches, South East Asia has rebooted into one of the world’s most dynamic tourism regions.

Since 2010, the 10 countries of South East Asia – Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam – have witnessed a dramatic upsurge in inbound, outbound and domestic travel. As a result, South East Asia’s cities, islands, natural habitats and world heritage monuments are frequently crowded, as are its highways, airports and railways.

In response, each nation has identified its own investment priorities to expand tourism, create new revenues and job opportunities and find ways to overcome the intense pressures on the natural environment.

Check-in Asia spent the first half of 2019 tracking and researching tourism-related investment trends and development across the region. The result is a detailed new report, entitled Tourism Investment in South East Asia, for Mintel.

The report addresses these key questions:

• What are the key factors of tourism growth across South East Asia, and how are these factors driving investment patterns in each country?
• How are government policies and societal changes shaping the growth of travel in South East Asia?
• What are the key investment opportunities and challenges for each country in South East Asia?
• Which countries, companies and developmental agencies are funding the next wave of tourism expansion in South East Asia?
• To what degree are Asia’s dominant inbound markets – China, India, Japan and South Korea – influencing the future of travel in South East Asia?
• Which are the emerging areas for tourism investment, both regionally and in each country?

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