Latest News

Back to Latest News back

 

GlobalData highlights Intra-regional tourism crucial for post-COVID-19 ASEAN tourism revival

GlobalData highlights Intra-regional tourism crucial for post-COVID-19 ASEAN tourism revival
March 27, 2021

Leading data and analytics company, GlobalData has highlighted that due to an abundance of low-cost connectivity and an increased preference for travel closer to home, intra-regional tourism will play a key role in revitalising the ASEAN countries’ tourism economies.

GlobalData’s latest report, ‘Tourism Destination Market Insight- ASEAN (2021)’, reveals that in 2019, 44.3 million tourists travelled between the ASEAN countries. The intra-ASEAN travel is expected to grow at a compound annual growth rate (CAGR) of 5% from 2019 to 2024 and reach 56.6 million by 2024. Given the high level of growth, intra-regional travel could be key to the region’s recovery from the impact of COVID-19. The virus caused a 36.9% year-over-year decrease in intra-regional travel in 2020 to a low of 27.9 million arrivals.

Gus Gardner, Travel and Tourism Analyst at GlobalData, notes “In 2019, intra-regional travel accounted for a total of 32.3% of all travellers showing the importance of regional links. With depleted budgets and COVID-19 fatigue setting in, travellers will be keen to travel and are more likely to select destinations closer to home. With the provision of relaxed visa policies between the member states, the barriers to travel are low and will help increase the intra-regional flows post-COVID-19.”

The ratification of the ASEAN single aviation market agreement has increased the level of competition and accessibility of intra-regional flights, much to the delight of travellers.

Gardner adds “the market has become saturated with low-cost airline connectivity due to the market liberalisation that has occurred. The low fares and high route frequency offered by these carriers has created a vast connected network across the region, reduced fares, and made travel more affordable. With personal financial concerns growing due to COVID-19, the availability and affordability of flights will be vital to stimulating tourism flows in the near future.

“Even after accounting for the impact of COVID-19, intra-regional travel is forecast to achieve a healthy growth rate. Given the cultural similarities and strict measures to tackle the virus, destinations within the region are likely to increase in popularity. This type of travel will provide the much-needed revenues for travel firms and could play an important role in revitalising the tourism economy before the travellers begin traveling further abroad again.”

Related Articles

10th March 2021 - GlobalData highlights the need for tourism sector to adapt to Chinese preferences

7th January 2021 - GlobalData highlights digital passes can boost consumer confidence for travel and venue access

31st October 2020 - GlobalData highlights domestic tourism may not be sufficient for Thailand tourism recovery

21st October 2020 - GlobalData highlights need for card payments in Thailand

16th October 2020 - GlobalData reveals contactless technology as top theme among hospitality industry influencer conversations

18th September 2020 - GlobalData advises contactless technologies increasing in popularity within tourism industry

28th April 2020 - GlobalData warns China’s tourism industry of encouraging premature mass tourism

27th April 2020 - GlobalData suggests potential damage to China’s tourism brand image

21st April 2020 - GlobalData predicts short term boost for Australian domestic tourism

15th February 2020 - GlobalData considers the impact of Coronavirus on South East Asian tourism


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

VIVATICKET

As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd.  19th July 2018 - ENTA AUSTRALASIA REBRANDS AS VIVATICKET 17th October 2016…

read more

Attractions / Entertainment / Sport / Ticketing / Venues

 
 

PAYSMART

Headquartered in Brisbane with an Australia-wide network of satellite offices, PaySmart is one of Australia’s largest and longest-standing direct debit billing companies. In 1996 we began…

read more

Access / Billing / Fitness / Technology

 
 

COMMERCIAL AQUATICS AUSTRALIA

Commercial Aquatics Australia provides aquatic solutions nationwide and is one of the largest and most experienced companies specialising in the design, construction, renovation, service, maintenance…

read more

Aquatics / Design / Play / Waterparks

 
 

WATERPLAY Solutions Corp

Whether your goal is increasing your centre's revenues or creating an engaging environment, why not add play to your project? If you're looking for stylish aquatic play features, kid-tested…

read more

Aquatics / Attractions / Play / Recreation / Waterparks

 
 

Hadley/Series Australia Pty Ltd

Hadley Australia and Series Australia Pty Ltd are the leading quality theatre chair manufacturers in the southern hemisphere. The businesses work closely with architects, interior designers and…

read more

Arts / Culture / Design / Entertainment / Venues

 
 

Worldwide Sports Management

Principal Consultant Simon Weatherill has spent the last 20 years developing the world renowned Melbourne Sports Hub, as former Chief Executive Officer of the State Sports Centres Trust…

read more

Aquatics / Consultants / Recreation / Sport / Venues

 
 

Humanforce

Humanforce is a global provider of workforce management solutions for companies who need flexibility to manage complex workforces. Companies use Humanforce to manage everything from time and…

read more

Hospitality / Retail / Technology / Venues

 
 

Yellowbox Lockers

Yellowbox is an Australian technology company that has developed smart locker technology operated through an app with a focus on experience for users and facility managers. Found at Beaches, Aquatic…

read more

Aquatics / Attractions / Entertainment / Retail / Security

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business