Wednesday, 30th June, 2021

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has released its latest update, this time with a focus on world tourism.

Anura Lokuhetty Chairman of Asian Council on Tourism starts off by saying: "Tourism was perceived to be one of the fastest growing and an imperative economic sectors in the world. It provided livelihoods for millions of people and paved the way for millions of others to appreciate different cultures and witness the beauty of the natural world. Tourism embodied the third largest export sector of the global economy and it contributed to over 20 per cent of the GDP of certain countries such as Maldives (38.92%), Macao (28.5%), and Seychelles (25.7%). The growth of the sector was unstoppable and resilient.

"This entire phenomenon reversed with the advent of the coronavirus pandemic. Tourism has been one of the hardest hit sectors by the global pandemic. The outlook for the Industry is still indeterminate even after a complete year of uncertainty and living the new normal."

Read more on the world tourism outlook, including:

  • Philippine Province Builds on Lessons Learned to Grow Ecotourism Industry.
    Vietnam’s MICE tourism expected to explode after COVID-19.
  • The Future of Travel This Year: Are We There Yet?

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