South East Asia Tourism Perspective Overview

Being the Powerhouse tourism destination of Asia Pacific, South East Asia has recorded significant growth on the tourism receipts from : GDP: DIRECT CONTRIBUTION- The direct contribution of Travel & Tourism to GDP was USD135.8bn (4.9% of total GDP) in 2017, and is forecast to rise by 5.9% in 2018, and to rise by 5.5% pa, from 2018-2028, to USD245.5bn (5.2% of total GDP) in 2028. GDP: TOTAL CONTRIBUTION - The total contribution of Travel & Tourism to GDP was USD329.5bn (12.0% of GDP) in 2017, and is forecast to rise by 5.8% in 2018, and to rise by 5.5% pa to USD598.3bn (13.0% of GDP) in 2028. VISITOR EXPORTS- Visitor exports generated USD135.6bn (8.3% of total exports) in 2017. This is forecast to grow by 6.0% in 2018, and grow by 5.4% pa, from 2018-2028, to USD243.2bn in 2028 (9.5% of total). And INVESTMENT Travel & Tourism investment in 2017 was USD48.8bn, or 6.4% of total investment. It should rise by 5.4% in 2018, and rise by 5.4% pa over the next ten years to USD86.8bn in 2028 (6.4% of total).

INDONESIA – ANNUAL RESEARCH KEY FACTS 2018!

GDP: DIRECT CONTRIBUTION

The direct contribution of Travel & Tourism to GDP was IDR259,583.0bn (USD19.4bn), 1.9% of total GDP in 2017 and is forecast to rise by 5.2% in 2018, and to rise by 6.1% pa, from 2018-2028, to IDR494,021.0bn (USD37.0bn), 2.1% of total GDP in 2028.

GDP: TOTAL CONTRIBUTION

The total contribution of Travel & Tourism to GDP was IDR787,100.0bn (USD58.9bn), 5.8% of GDP in 2017, and is forecast to rise by 5.4% in 2018, and to rise by 6.4% pa to IDR1,547,440.0bn (USD115.8bn), 6.6% of GDP in 2028.

EMPLOYMENT: DIRECT CONTRIBUTION

In 2017 Travel & Tourism directly supported 4,585,000 jobs (3.7% of total employment). This is expected to rise by 1.8% in 2018 and rise by 3.0% pa to 6,258,000 jobs (4.2% of total employment) in 2028.

EMPLOYMENT: TOTAL CONTRIBUTION

In 2017, the total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry was 10.0% of total employment (12,241,500 jobs). This is expected to rise by 2.0% in 2018 to 12,486,500 jobs and rise by 3.1% pa to 16,985,000 jobs in 2028 (11.4% of total).

VISITOR EXPORTS

Visitor exports generated IDR192,608.0bn (USD14.4bn), 7.0% of total exports in 2017. This is forecast to grow by 3.8% in 2018, and grow by 6.4% pa, from 2018-2028, to IDR372,088.0bn (USD27.8bn) in 2028, 9.3% of total.

INVESTMENT

Travel & Tourism investment in 2017 was IDR160,864.0bn, 3.7% of total investment (USD12.0bn). It should rise by 6.6% in 2018, and rise by 6.2% pa over the next ten years to IDR311,887.0bn (USD23.3bn) in 2028, 4.0% of total.

VIETNAM – ANNUAL RESEARCH KEY FACTS 2018 !

GDP: DIRECT CONTRIBUTION

The direct contribution of Travel & Tourism to GDP was VND294,660.0bn (USD12,965.5mn), 5.9% of total GDP in 2017 and is forecast to rise by 6.7% in 2018, and to rise by 6.0% pa, from 2018-2028, to VND564,968.0bn (USD24,859.6mn), 6.2% of total GDP in 2028.

GDP: TOTAL CONTRIBUTION

The total contribution of Travel & Tourism to GDP was VND468,291.0bn (USD20,605.6mn), 9.4% of GDP in 2017, and is forecast to rise by 6.2% in 2018, and to rise by 6.1% pa to VND900,944.0bn (USD39,643.1mn), 9.8% of GDP in 2028.

EMPLOYMENT: DIRECT CONTRIBUTION

In 2017 Travel & Tourism directly supported 2,467,500 jobs (4.6% of total employment). This is expected to rise by 1.9% in 2018 and rise by 1.5% pa to 2,917,000 jobs (4.9% of total employment) in 2028.

EMPLOYMENT: TOTAL CONTRIBUTION

In 2017, the total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry was 7.6% of total employment (4,061,000 jobs). This is expected to rise by 1.4% in 2018 to 4,117,000 jobs and rise by 1.5% pa to 4,790,000 jobs in 2028 (8.0% oftotal).

VISITOR EXPORTS

Visitor exports generated VND200,843.0bn (USD8,837.4mn), 4.0% of total exports in 2017. This forecast is to grow by 6.7% in 2018, and grow by 6.4% pa, from 2018-2028, to VND398,107.0bn (USD17,517.4mn) in 2028, 4.7% of total.

INVESTMENT

Travel & Tourism investment in 2017 was VND116,788.0bn, 8.5% of total investment (USD5,138.9mn). It should rise by 7.0% in 2018, and rise by 5.0% pa over the next ten years to VND203,748.0bn (USD8,965.3mn) in 2028, 7.7% of total.

PHILIPPINES - ANNUAL RESEARCH KEY FACTS 2018!

GDP: DIRECT CONTRIBUTION

The direct contribution of Travel & Tourism to GDP was PHP1,377.7bn (USD27.3bn), 8.7% of total GDP in 2017 and is forecast to rise by 6.2% in 2018, and to rise by 5.7% pa, from 2018-2028, to PHP2,547.8bn (USD50.5bn), 9.1% of total GDP in 2028.

GDP: TOTAL CONTRIBUTION

The total contribution of Travel & Tourism to GDP was PHP3,347.6bn (USD66.3bn), 21.1% of GDP in 2017, and is forecast to rise by 5.9% in 2018, and to rise by 5.8% pa to PHP6,240.6bn (USD123.6bn), 22.4% of GDP in 2028.

EMPLOYMENT: DIRECT CONTRIBUTION

In 2017 Travel & Tourism directly supported 2,348,000 jobs (5.8% of total employment). This is expected to rise by 6.6% in 2018 and rise by 2.6% pa to 3,220,000 jobs (6.1% of total employment) in 2028.

EMPLOYMENT: TOTAL CONTRIBUTION

In 2017, the total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry was 19.2% of total employment (7,796,500 jobs). This is expected to rise by 6.2% in 2018 to 8,280,000 jobs and rise by 2.4% pa to 10,540,000 jobs in 2028 (19.9% of total).

VISITOR EXPORTS

Visitor exports generated PHP379.7bn (USD7.5bn), 8.0% of total exports in 2017. This is forecast to grow by 3.4% in 2018, and grow by 5.4% pa, from 2018-2028, to PHP665.0bn(USD13.2bn) in 2028, 8.7% of total.

INVESTMENT

Travel & Tourism investment in 2017 was PHP95.1bn, 2.4% of total investment (USD1.9bn). It should rise by 4.5% in 2018, and rise by 5.2% pa over the next ten years to PHP164.5bn (USD3.3bn) in 2028, 2.4% of total.

THAILAND - ANNUAL RESEARCH KEY FACTS 2018!

GDP: DIRECT CONTRIBUTION

The direct contribution of Travel & Tourism to GDP was THB1,433.5bn (USD42.2bn), 9.4% of totalGDP in 2017 and is forecast to rise by 7.8% in 2018, and to rise by 5.7% pa, from 2018- 2028, to THB2,700.6bn (USD79.4bn), 12.8% of total GDP in 2028.

GDP: TOTAL CONTRIBUTION

The total contribution of Travel & Tourism to GDP was THB3,229.8bn (USD95.0bn), 21.2% of GDP in 2017, and is forecast to rise by 7.4% in 2018, and to rise by 5.6% pa to THB5,957.1bn (USD175.2bn), 28.2% of GDP in 2028.

EMPLOYMENT: DIRECT CONTRIBUTION

In 2017 Travel & Tourism directly supported 2,336,500 jobs (6.2% of total employment). This is expected to rise by 5.2% in 2018 and rise by 4.0% pa to 3,628,000 jobs (9.4% of total employment) in 2028.

EMPLOYMENT: TOTAL CONTRIBUTION

In 2017, the total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry was 15.5% of total employment (5,834,000 jobs). This is expected to rise by 5.5% in 2018 to 6,154,000 jobs and rise by 3.4% pa to 8,572,000 jobs in 2028 (22.3% oftotal).

VISITOR EXPORTS

Visitor exports generated THB2,027.2bn (USD59.6bn), 19.2% of total exports in 2017. This is forecast to grow by 8.9% in 2018, and grow by 6.2% pa, from 2018-2028, to THB4,016.3bn (USD118.1bn) in 2028, 24.1% of total.

INVESTMENT

Travel & Tourism investment in 2017 was THB262.6bn, 7.3% of total investment (USD7.7bn). It should rise by 5.2% in 2018, and rise by 5.5% pa over the next ten years to THB473.8bn (USD13.9bn) in 2028, 8.9% of total.

MALAYSIA - ANNUAL RESEARCH KEY FACTS 2018!

GDP: DIRECT CONTRIBUTION

The direct contribution of Travel & Tourism to GDP was MYR65.7bn (USD15.2bn), 4.8% of total GDP in 2017 and is forecast to rise by 3.9% in 2018, and to rise by 4.4% pa, from 2018-2028, to MYR105.5bn (USD24.3bn), 5.1% of total GDP in 2028.

GDP: TOTAL CONTRIBUTION

The total contribution of Travel & Tourism to GDP was MYR181.4bn (USD41.9bn), 13.4% of GDP in 2017, and is forecast to rise by 4.3% in 2018, and to rise by 4.6% pa to MYR296.3bn(USD68.4bn), 14.4% of GDP in 2028.

EMPLOYMENT: DIRECT CONTRIBUTION

In 2017 Travel & Tourism directly supported 670,000 jobs (4.6% of total employment). This is expected to rise by 1.1% in 2018 and rise by 3.1% pa to 923,000 jobs (5.2% of total employment) in 2028.

EMPLOYMENT: TOTAL CONTRIBUTION

In 2017, the total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry was 11.8% of total employment (1,704,500 jobs). This is expected to rise by 1.5% in 2018 to 1,730,000 jobs and rise by 3.1% pa to 2,356,000 jobs in 2028 (13.2% of total).

VISITOR EXPORTS

Visitor exports generated MYR80.2bn (USD18.5bn), 8.3% of total exports in 2017. This is forecast to grow by 3.1% in 2018, and grow by 4.1% pa, from 2018-2028, to MYR122.9bn(USD28.4bn) in 2028, 9.1% of total.

INVESTMENT

Travel & Tourism investment in 2017 was MYR23.0bn, 6.7% of total investment (USD5.3bn). It should rise by 3.9% in 2018, and rise by 4.9% pa over the next ten years to MYR38.5bn (USD8.9bn) in 2028, 7.5% of total.

HONG KONG - ANNUAL RESEARCH KEY FACTS 2018!

GDP: DIRECT CONTRIBUTION

The direct contribution of Travel & Tourism to GDP was HKD118.7bn (USD15.2bn), 4.5% of totalGDP in 2017 and is forecast to rise by 1.5% in 2018, and to rise by 3.8% pa, from 2018-2028, to HKD175.0bn (USD22.5bn), 5.2% of total GDP in 2028.

GDP: TOTAL CONTRIBUTION

The total contribution of Travel & Tourism to GDP was HKD441.6bn (USD56.7bn), 16.7% of GDP in 2017, and is forecast to rise by 1.8% in 2018, and to rise by 3.5% pa to HKD634.5bn (USD81.4bn), 18.9% of GDP in 2028.

EMPLOYMENT: DIRECT CONTRIBUTION

In 2017 Travel & Tourism directly supported 187,000 jobs (4.9% of total employment). This is expected to fall by 0.2% in 2018 and rise by 1.4% pa to 215,000 jobs (5.7% of total employment) in 2028.

EMPLOYMENT: TOTAL CONTRIBUTION

In 2017, the total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry was 14.5% of total employment (556,500 jobs). This is expected to fall by 0.0% in 2018 to 556,500 jobs and rise by 1.1% pa to 624,000 jobs in 2028 (16.4% of total).

VISITOR EXPORTS

Visitor exports generated HKD305.5bn (USD39.2bn), 6.2% of total exports in 2017. This is forecast to grow by 1.4% in 2018, and grow by 4.1% pa, from 2018-2028, to HKD461.9bn (USD59.3bn) in 2028, 6.3% of total.

INVESTMENT

Travel & Tourism investment in 2017 was HKD50.5bn, 8.8% of total investment (USD6.5bn). It should rise by 4.5% in 2018, and rise by 3.0% pa over the next ten years to HKD70.6bn (USD9.1bn) in 2028, 9.4% of total.