Tourism & Leisure is one of the largest and fastest-growing sectors, with an important social, economic and cultural role worldwide. Serving an increasing number of destinations and international tourists, it is a major driver for socio-economic progress through the creation of employment, foreign exchange generation and infrastructure development. It also has a wide-ranging impact on a number of related sectors – from construction to transportation and telecommunications.
Activities associated with Tourism & Leisure are travel arrangement and reservation services, and a variety of arts, entertainment and recreational services provided by companies and individuals, museums, historical sites, amusement and theme parks, and gambling companies. It also includes accommodation, food-service and drinking establishments.
The Indonesian transportation sector plays an important role in Indonesia’s economic development. At current prices, it accounted for about 5.4% of Indonesia’s gross domestic product (GDP) in 2017. Despite being the world’s largest ...READ MORE
Indonesia’s tourism and leisure sector remains underdeveloped, especially in comparison to regional peers Thailand and Malaysia. The direct contribution of travel and tourism to the country’s GDP in 2017 was just 1.9%, compared with 9.4% ...READ MORE
Thailand tourism & leisure sector plays a significant role in the national economy. According to World Travel & Tourism Council (WTTC), the sector made a direct contribution of THB 1.4tn to the economy in 2017, and the number increases to THB ...READ MORE
Despite the country’s vast territory, favourable geographic position and wide range of potential tourist attractions, Russia’s tourism and leisure sector remains underdeveloped. The direct contribution of travel and tourism to ...READ MORE
The tourism sector of Colombia has significant growth potential due to the natural and cultural resources of the country. The recent demobilisation of the insurgent group FARC also favours the development of the sector with the improved security ...READ MORE
As the largest contributor to the growth of the services sector in India, travel and tourism has tremendous potential for development. It plays a significant role in India’s economy, directly contributing 3.6% to its GDP in 2017 and directly ...READ MORE
The Philippines’ tourism sector made up 8.6% of the country’s GDP in 2016. The sector’s value added grew by 12.3% y/y, contributing some PHP 1.24tn GVA in the same year, according to figures of the Department of Tourism ...READ MORE
The travel and tourism sector plays a significant role in Malaysia’s economy, directly contributing 4.7% to Malaysia’s 2016 GDP and accounting for 12% of total employment. Thus, travel and tourism receives considerable attention from the ...READ MORE
The tourism sector of Brazil has significant growth potential thanks to the sector-relevant natural resources of the country, which were recognised as the most abundant in the world in the 2017 Travel and Tourism Competitiveness Report by the World ...READ MORE
Russia’s transportation network is among the most extensive ones in the world. Its vast geography makes transportation a vital component of the economy as the country’s exports are heavily oriented towards the sale of raw materials, which ...READ MORE