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Singapore amongst five ASEAN cities to dominate travel, tourism sector over the next decade

21 Oct 2016 07:26:31

sbr.com.sg

One in ten of all tourism investment dollars will go into ASEAN countries over the next ten years, and the greatest beneficiaries would be Singapore, Thailand, Vietnam, Indonesia, and Malaysia, according to new research by the World Travel & Tourism Council (WTTC).


According to the research, over the years 2016 – 2026, 9.7% (nearly 1 in 10 dollars) of global investment in travel & tourism (T&T) will be in ASEAN.


T&T investment in ASEAN over the next ten years will total US$782 billion (S$1.1 trillion), which is 7.4% of all investment in the region. This represents growth of 6.3% per year, nearly 2 percentage points faster than the global average.


Read full story: sbr.com.sg

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