U.S. Visitors Driving Southeast Asia’s Recovery So Far
Yes, travel is back but with China and Japan largely out of the Southeast Asian inbound equation, the recovery will be bumpy and lagging in many ways.
Outbound tourism from China has been a major force in the global tourism industry before the pandemic. In 2019, Chinese travelers made 155 million trips abroad and spent almost $255 billion, amounting to 14% of global tourism revenue. The number of total outbound trips from China is expected to surpass 200 million in 2023 and 365 million by 2030. This would mean a significant recovery and growth for the global tourism industry. Follow news about this below.