Outlook: Tourism recovery in Southeast Asia expected by end 2024, yet improvement in trading performance likely to soften.
Discover the latest market insights and performance trends in Southeast Asia's hotel industry with this latest report.
The report covers 11 key destinations, including Bali, Bangkok, Danang, Hanoi, Ho Chi Minh City, Jakarta, Koh Samui, Kuala Lumpur, Nha Trang / Cam Ranh, Phuket, and Singapore.
Key highlights include:
- Substantial recovery in tourist arrivals, driven by strategic visa facilitation schemes in Malaysia, Singapore, and Thailand.
- Significant growth in inbound tourists from key source markets like Mainland China, Australia, South Korea, and India.
- Impressive performance in tourism destinations like Bali and Koh Samui, attributed to favorable exchange rates against the US Dollar.
- Anticipated recovery of Southeast Asia's tourism to pre-pandemic levels by the end of 2024, supported by macroeconomic stability and continuous improvements in air connectivity.
For more insights on Southeast Asia hospitality market, download the report here.
