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.
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
China’s aviation sector is of key importance to the national economy, reflecting its increasing level of modernisation and robust growth. China’s vast territory and its geographical location assign the aviation sector a role that other ...READ MORE
In the second quarter of 2018 the total passenger traffic continued to decline, going down by 3.5% y/y to 4.4bn persons due to decreased passenger traffic in the highway subsector. In Q2 2018, highway passenger traffic fell by 6.8% y/y to 3.3bn ...READ MORE
The performance of the Colombian transportation sector is closely linked to the country’s overall economic performance. In 2016 and 2017 the GVA of the sector remained almost flat following the slowdown of economic activity in the country. ...READ MORE
China’s passenger traffic decreased for the ninth consecutive quarter, falling by 5.4% y/y to 4.5bn people in the first three months of 2018. The decline came as the highway subsector, which accounted for 78% of the total traffic, registered a ...READ MORE
In Q4 2017, the total passenger traffic slid by 6.7% y/y to 4.5bn persons, due to declined passenger traffic in the highway subsector. In Q4 2017, highway passenger traffic decreased by 10.6% y/y to 3.5bn persons, as people continually ...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