{{item.title}}
{{item.text}}
{{item.title}}
{{item.text}}
Asia has experienced rapid growth in tourism primarily by sustained economic growth, regional cooperation and liberalised air travel prior to COVID-19. With international and domestic travel heavily restricted as a result of COVID-19, Asia Pacific is projected to be one of the most heavily hit regions in terms of tourism, facing potential losses of USD4.5 billion.
Some signs of positive recovery are showing. As vaccines are being rolled out across the globe and countries form bilateral travel bubbles, people are starting to travel domestically and internationally. But these are temporary measures amidst the uncertain evolution of the pandemic. The longer term challenges facing tourism still remain. As countries gradually restart to open their doors for international travel, some of the challenges that need to be addressed are:
While this is a major crisis, there are opportunities to reconfigure and reposition the tourism sector for sustainable growth and differentiation, including areas such as:
To revitalise tourism in SEA, governments will need to develop flexible policies to balance public health and economic needs in phases. Travellers' confidence will recover as safety and hygiene protocols are set throughout the whole tourism value chain to reduce risks. Technology will also play a key role in restarting tourism by providing updated protocols and responsibilities through digital and social media. As we tackle the fundamental challenges of reopening the tourism sector safely to protect national populations, we can look forward to revitalised tourism in SEA.
With deep knowledge of the Southeast Asian markets, governments and cultures and experience in global tourism and source markets, our team can help you to identify and address the unique challenges you face.
Our clients work closely with us across each industry segment throughout their COVID-19 recovery efforts. You can expect us to provide a clear understanding of the unprecedented challenge and the urgent stabilisation requirements, as well as of longer-term strategies to support the industry whilst preserving public health needs. Gain insights on the unique opportunities for tourism destinations such as leveraging the potential of eco tourism and greater domestic tourism in SEA to emerge stronger.
PwC's Hospitality and Leisure practice provides strategic insights and expertise across all areas of the sector, including travel and tourism, gaming, lodging, marinas, sports facilities and teams, vacation ownership, franchise and management selection, lease structuring, lodging asset, valuation and appraisal. With our professionals located in all continents, you can gain insights into local and global knowledge and expertise.
With firms in over 155 countries and more than 284,000 people, our clients can look beyond traditional boundaries and embrace new horizons to achieve long-term sustainable impact.
PwC has supported the COVID-19 recovery work in the global tourism sector including:
Asia Pacific Government and Public Sector (G&PS) Leader and Salesforce Practice Leader, South East Asia Consulting, PwC Singapore
Tel: +65 9753 6736
Jessica Shannon
Global Government and Public Sector Leader, PwC Ghana
Tel: +233 (0) 30 276 1500
Global Government and Public Sector Sustainability Lead and International Development Leader, South East Asia Consulting, PwC Singapore
Tel: +65 9750 3775