Market Size of Opportunities in South East Asia Travel and Tourism Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
