Total travel and tourism GDP contribution APAC 2019 by country or region
Contributing a staggering 1,593 billion U.S. dollars to China’s GDP in 2019, the travel and tourism industry proved to be a vital industry for the East Asian country’s economy. This pivotal industry provided huge GDP contributions to a number of countries across the Asia Pacific region. The likes of Japan and Australia both saw impressive figures, while Southeast Asia alone has experienced constant GDP increases from the travel and tourism industry.
Why Asia Pacific?
The travel and tourism industry has made significant monetary additions to many developing economies throughout the Asia Pacific region. Southeast Asia stands in the foreground as one of the regions which relies heavily on its tourism success. A success which could be inferred through the rising number of tourist arrivals to the ASEAN states. A likely reason why Asia Pacific has become one of the leading regions for tourism, could be related to its competitive prices. Many countries in the Asia Pacific are cheaper than the usual Western tourist hotspots, in this way, the region has begun to appeal to an increasing number of international travelers.
Domestic tourism
The Asia Pacific region has not only attracted international tourists throughout recent years but has also received a great influx of domestic tourists. Growing economies in the region, resulting in an emerging middle class, have made the possibility of increased domestic travel a reality. Intra-regional tourism accounted for approximately half of Asia Pacific’s tourism.
Why Asia Pacific?
The travel and tourism industry has made significant monetary additions to many developing economies throughout the Asia Pacific region. Southeast Asia stands in the foreground as one of the regions which relies heavily on its tourism success. A success which could be inferred through the rising number of tourist arrivals to the ASEAN states. A likely reason why Asia Pacific has become one of the leading regions for tourism, could be related to its competitive prices. Many countries in the Asia Pacific are cheaper than the usual Western tourist hotspots, in this way, the region has begun to appeal to an increasing number of international travelers.
Domestic tourism
The Asia Pacific region has not only attracted international tourists throughout recent years but has also received a great influx of domestic tourists. Growing economies in the region, resulting in an emerging middle class, have made the possibility of increased domestic travel a reality. Intra-regional tourism accounted for approximately half of Asia Pacific’s tourism.
