{"id":777012559,"date":"2024-01-23T10:00:40","date_gmt":"2024-01-23T13:00:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012559"},"modified":"2026-04-22T13:44:53","modified_gmt":"2026-04-22T16:44:53","slug":"southeast-asia-tourism-rebound-to-continue-in-2024-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/southeast-asia-tourism-rebound-to-continue-in-2024-analysts-say","title":{"rendered":"Southeast Asia tourism rebound to continue in 2024, analysts say"},"content":{"rendered":"\n<p>Maybank Research predicts singled out Malaysia, Singapore and Thailand for the fastest recovery in 2024.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Maybank Research has released a report analysing the growth prospects for Southeast Asia&#8217;s tourism industry. It highlighted expected growth in Malaysia,\u00a0Singapore\u00a0and Thailand.<\/p>\n\n\n\n<p>The report anticipates a 27 per cent growth in visitor arrivals to ASEAN-6 countries by December, reaching 98 per cent of pre-pandemic levels.<\/p>\n\n\n\n<p>In November 2023,\u00a0visitor arrivals had reached 77 per cent of pre-pandemic levels. Looking ahead, Maybank expressed optimism that numbers will surpass government targets in Indonesia, the Philippines and Malaysia. However, analysts pointed out the Asia-Pacific region saw a deceleration in its tourism recovery in the second half of 2023.<\/p>\n\n\n\n<p>Maybank predicts a return to pre-pandemic levels for outbound Chinese tourists by late 2025, noting that Chinese tourism to ASEAN had only recovered to 38 per cent of pre-pandemic levels in November 2023.  It believes that increased flight capacity, lower fares, and visa waivers for Chinese citizens will help improve the situation.<\/p>\n\n\n\n<p><strong>See also:\u00a0<\/strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/chinese-outbound-tourism-recovery-to-be-slower-than-expected-nomura\" target=\"_blank\" rel=\"noreferrer noopener\">Chinese outbound tourism recovery to be slower than expected: Nomura<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maybank Research predicts singled out Malaysia, Singapore and Thailand for the fastest recovery in 2024.<\/p>\n","protected":false},"author":176,"featured_media":26796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Maybank Research forecasts a robust tourism recovery for Southeast Asia in 2024, with Malaysia, Singapore, and Thailand leading the resurgence. The report anticipates ASEAN-6 visitor arrivals to reach 98% of pre-pandemic levels by December, driven by increased flight capacity and visa waivers, despite a slower-than-expected return of Chinese outbound tourism. This recovery trajectory has significant implications for regional economic growth and related sectors.","focusai_entities":"Maybank Research, Nomura","focusai_location":"Malaysia, Singapore, Thailand, Indonesia, Philippines, ASEAN, Asia-Pacific","focusai_target_profile":"ceo_executive (0.85), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.8)","focusai_suggestions":[{"label":"IR GGR Impact?","query":"How might the projected tourism recovery rates, particularly the slower return of Chinese visitors, specifically influence the Gross Gaming Revenue (GGR) forecasts and operational expenditure for integrated resorts in Singapore and Malaysia for FY2024-2025?"},{"label":"Regional Capital Allocation?","query":"Given the differentiated tourism recovery rates across ASEAN-6 countries, what strategic implications does this present for capital allocation, M&A considerations, and investment decisions by major iGaming and hospitality groups in the region?"}],"footnotes":""},"categories":[157,16338],"tags":[],"class_list":["post-777012559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777012559"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012559\/revisions"}],"predecessor-version":[{"id":777012597,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012559\/revisions\/777012597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26796"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}