Tourism Industry in Southeast Asia Size

Report on Market Size & Market Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Trends in the Tourism Sector in Asian Countries and is growing at a rapid pace and it is expected to continue its growth over the forecasted period. One of the major drivers for tourism growth in the region is the increasing Chinese outbound travelers preferring ASEAN region. At the same time, the number of outbound travelers from South East Asia are also increasing with improving middle class and young generation.

Southeast Asia Travel Market Size

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
South East Asia Travel & Tourism Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 0.00 %
Market Concentration Low

Major Players

South East Asia Travel & Tourism Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Southeast Asia Travel Market Analysis

The travel and tourism market in South East Asia is segmented by Country, Type of Travel and by Mode of travel. The market is expected to observe growth due to the increasing outbound travel byyoung population within the region as well as growing inbound travel to the region.

  • The growing government focus on the tourism industry in the region s a major driver for the industry.ASEAN TourismStrategicPlan2016-2025 is aimed to improve the tourism quality as well as the destinations in the region.
  • China is the leading country to travel in the ASEAN region due to the proximity and availability of heavily discounted travel packages along with eased visa applications.

Southeast Asia Travel Market Trends

This section covers the major market trends shaping the South East Asia Travel & Tourism Market according to our research experts:

Growing Chinses Tourists in ASEAN Region

There are several reasons for the sky-rocketing numbers of Chinese tourists during the last 15 years. China is the most populous country in the world with 1.41 billion people and they constitute roughly one-fifth of the global population. China, whose per capita GDP—according to the World Bank– was US$8,827 in 2017, has a 430-million strong middle class and 60 percent of its 1.41 billion people live in urban areas. Due to the constant increase in personal incomes, most of the middle-class people have developed a special passion for tourism and shopping. Internet or online technology has made it easy to book plane or cruise tickets and hotel accommodation. A relaxation of visa requirements for Chinese tourists, including visa-on-arrival, by many countries, has prompted Chinese to travel abroad. Affordable airline tickets and connectivity have made overseas travel easier. The creativity of Chinese tour operators in organizing efficient and highly professional group tours, including the controversial “zero-dollar” tours, in which tourists pay all expenses in advance and shop at designated places, paying using online Chinese companies. All these factors, especially rising incomes, have led to an unprecedented boom in the Chinese outbound tourism sector.

In Southeast Asia, all members of ASEAN have been enjoying a boom in their tourist sectors, due to the huge surge in the number of Chinese tourists. There are two reasons, the first is the rise of incomes in both China, which, as we have seen, emerged as the second-largest economy with a huge middle class during the same period, and also in ASEAN, which contributes more than 40% of international tourists in intra-ASEAN tourism. The second is the affordability of air travel, thanks to the mushrooming of budget airlines. Chinese tourists have been flocking to Southeast Asian countries, which are conveniently located for China. For example, Thailand has been receiving more than 10 million tourists from China annually over the last three years. Almost one-third of Thailand’s 35.38 million foreign tourists came from China in 2017. The same trend is observed for the other ASEAN countries which is a driving factor for the ASEAN Tourism sector.

South East Asia Travel and Tourism market: Chinese Travelers in Top 5 ASEAN Countries: in billion,2017

Government Developing plans for Tourism Growth

The diverse range of recreational activities and travel options in the ASEAN region has made it a top tourist destination. According to the World Tourism and Travel Council (WTTC), the tourism sector contributed a mountainous USD 119.7 billion in 2016 to the region. Thus to improve and maintain its growth prospects, the ASEAN countries have been investing and planning to become a major global tourism region. 
According to ASEAN Tourism Strategic Plan 2016-2025, the regional bloc has pledged that by 2025, it would “be a quality tourism destination offering a unique, diverse ASEAN experience, and will be committed to responsible, sustainable, inclusive and balanced tourism development, so as to contribute significantly to the socioeconomic well-being of ASEAN people.” The 21st Meeting of ASEAN Tourism Ministers which was held in January 2018 in conjunction with the ASEAN Tourism Forum (ATF) 2018 and saw the adoption of a number of new declarations along with plans associated to boosting and complementing the current strategic plan of ASEAN countries. The plan includes developing ASEAN tourism products, enhancing connectivity, and expanding the ASEAN regional destination-marketing program.
Among the few steps being taken to improve tourism in the plan is enhancing connectivity for tourism, an ASEAN Framework Agreement on the Facilitation of Cross Border Transport of Passengers by Road Vehicles (CBTP) being signed in 2018. This framework will facilitate the unified cross-border movement of tourists and will also promote over-land travel between ASEAN states. Another plan in works is the collaboration between five of ASEAN member states namely Cambodia, Lao PDR, Myanmar, Thailand, and Vietnam along with China in the formation of the Lancang Mekong Tourist Cities Cooperation Alliance.

South East Asia Travel and Tourism market: Top 5 ASEAN Countries: in USD billion, Annual GDP Contribution, Tourism, 2017

Southeast Asia Travel Industry Overview

The market is expected to be fragmented with the presence of a large number of online and direct players in the region. There are major international players like Expedia, to local players like Vetravel operating in the industry. 

Southeast Asia Travel Market Leaders

  1. Agoda

  2. Airbnb

  3. Booking.com

  4. Vietravel

  5. Mayflower Holidays Sdn Bhd

*Disclaimer: Major Players sorted in no particular order

South East Asia Travel & Tourism Market Concentration
Need More Details on Market Players and Competitors?
Download PDF

Southeast Asia Travel Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Market

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases

  3. 3. EXECUTIVE SUMMERY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Drivers

    2. 4.2 Constraints

    3. 4.3 Opportunities

    4. 4.4 Porter's Five Forces Analysis

    5. 4.5 Insights on Online Travel Market in ASEAN region

    6. 4.6 Insights on Outbound Travel from Other Regions

  5. 5. MARKET SEGMENTATION

    1. 5.1 BY COUNTRY

      1. 5.1.1 Thailand

      2. 5.1.2 Vietnam

      3. 5.1.3 Singapore

      4. 5.1.4 Brunei

      5. 5.1.5 Indonesia

      6. 5.1.6 Malaysia

    2. 5.2 BY TYPE OF TRAVEL

      1. 5.2.1 Inbound

      2. 5.2.2 Outbound

    3. 5.3 BY MODE OF TRAVEL

      1. 5.3.1 Air

      2. 5.3.2 Road

      3. 5.3.3 Sea

  6. 6. INVESTMENT IN THE COUNTRY

  7. 7. KEY COMPANY PLAYERS

    1. 7.1 A Little Heaven On Earth Company Limited

    2. 7.2 Vietravel

    3. 7.3 Panorama JTB Tours Indonesia

    4. 7.4 Mayflower Holidays Sdn Bhd

    5. 7.5 Fortune Travel Pte Ltd,

    6. 7.6 Traveloka Pte. Ltd.

    7. 7.7 Panorama Destination, Tbk.*

  8. 8. APPENDIX

  9. 9. DISCLAIMER

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Southeast Asia Travel Industry Segmentation

The South East Asia Travel and Tourism industry report covers information about the countries in the region, the type of travel, and the mode of travel. Additionally, the report will cover insights on Online travel market in the region, driver and restrains to the market. The report will also cover information on some of the major players active in the region. 

BY COUNTRY
Thailand
Vietnam
Singapore
Brunei
Indonesia
Malaysia
BY TYPE OF TRAVEL
Inbound
Outbound
BY MODE OF TRAVEL
Air
Road
Sea
Need A Different Region Or Segment?
Customize Now

Southeast Asia Travel Market Research FAQs

The Opportunities in South East Asia Travel and Tourism Market is projected to register a CAGR of 0% during the forecast period (2024-2029)

Agoda, Airbnb, Booking.com, Vietravel and Mayflower Holidays Sdn Bhd are the major companies operating in the Opportunities in South East Asia Travel and Tourism Market.

The report covers the Opportunities in South East Asia Travel and Tourism Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Opportunities in South East Asia Travel and Tourism Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Southeast Asia Travel Industry Report

Statistics for the 2024 Southeast Asia Travel market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Southeast Asia Travel analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Tourism Industry in Southeast Asia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)