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 Philippines’ tourism sector has been the focus of President Rodrigo Duterte’s Government as one of the key sectors of economic development. Government intentions are visible in various tourism development plans ...View more details
Tourism is an important source of revenues for Thailand’s economy, accounting for 19.7% of GDP and about 16% of total employment in 2019, according to the World Travel and Tourism Council (WTTC). The number of foreign tourists ...View more details
The tourism and leisure sector is and will be a one of the top contributors to Malaysia’s economy in years to come, putting the onus on the government to invest heavily in the sector. Malaysia’s location makes it a favourable destination ...View more details
The direct and indirect economic contribution of Brazil’s tourism and leisure sector reached BRL 551.5bn (USD 139.9bn) in 2019 or 7.7% of the country’s GDP, according to the World Travel and Tourism Council (WTTC). The sector has a major ...View more details
Tourism is among China’s most important sectors, with total contribution amounting to RMB 9.9tn or 11% of GDP. China’s tourism sector has been dominated by domestic travel over the last decade, supported by rising disposable income, ...View more details
Brazil’s tourism sector has solid growth potential thanks to the country’s diverse natural and cultural resources, which were ranked among the top ten in the world by the 2019 Travel and Tourism Competitiveness Report by the World ...View more details
Russia’s vast territory, wide range of tourist attractions and proximity to European and Asian markets offer strong growth potential for the country’s tourism sector. However, high entry barriers, underdeveloped transport infrastructure ...View more details
Indonesia’s tourism industry is an important driver of economic growth, job creation and foreign exchange income. The total contribution of travel and tourism to the country’s gross domestic product (GDP) stood at 6% in 2018, ...View more details
Indonesia’s tourism industry is an important driver of economic growth, job creation and foreign exchange income. The total contribution of travel and tourism to the country’s gross domestic product (GDP) stood at 6% in 2018, according to ...View more details
Tourism and leisure contributed MYR 84.1bn (5.9% of GDP) directly to Malaysia’s economy in 2018, making it a priority sector for the government which has allocated a single ministry – the Ministry of Tourism and Culture ...View more details