By browsing on our website, you are agreeing to our cookies policy.

According to new research by World Travel & Tourism Council (WTTC), nearly one in 10 of all tourism investment US dollars will go into Association of Southeast Asian Nations (ASEAN) countries over the next 10 years.

The publication, entitled Travel & Tourism Investment in ASEAN, shows that between this year and 2026, 9.7 percent of global assets in the industry will be injected in ASEAN, with the total amount reaching USD782 million, representing 7.4 percent of all investment in the region.

The figure marks a 6.3 percent annual growth rate, nearly two percentage points higher than the global average.

Investment spending will be dominated by five major destinations, namely Singapore, Thailand, Vietnam, Indonesia and Malaysia, which together account for over 80 percent of ASEAN’s international arrivals and tourism contribution to the GDP.