Asia Pacific’s tourism industry to surpass pre-pandemic peak in 2025

13 Sept 10:55 Key points summarised by AI

The Asia Pacific tourism industry, especially tours and attractions, is forecast to exceed its pre-pandemic peak by 2025, reaching an estimated US$75 billion due to rapid post-reopening growth.
This surge is driven by accelerating demand from travelers prioritizing 'experiences,' with online bookings projected to triple by 2025, largely influenced by mobile-savvy Gen-Z and millennial tourists.
Key markets like Thailand are experiencing robust recovery, significantly bolstered by the return of Indian and Chinese tourists, alongside an increase in medical and long-stay visitors.
The industry must adapt to this rapid influx by offering immersive, small-group experiences that are easily discoverable and bookable via mobile platforms to cater to evolving traveler preferences.

European protests could raise costs for Thai exporters

Yesterday 17:46 Key points summarised by AI

The Commerce Ministry warns that ongoing protests across six European countries, driven by cost-of-living concerns, could weaken consumer purchasing power, disrupt logistics, and elevate costs for Thai exporters.
Thai exporters are advised to closely monitor developments, explore alternative markets (ASEAN, South Asia, Middle East), and adjust shipping routes to reduce dependence on Europe and mitigate potential risks.