Tourism in southeast asia

The pace of recovery in Indonesia is expected to be slow and household income will be squeezed. GDP is expected to contract 2.7 percent in 2020 before a 6.2 percent expansion in 2021. The Philippines is set to record the largest contraction in Southeast Asia, with its GDP falling 8.2 percent in 2020, because of its dependence on international tourism and a slow exit from lockdown. … [Read more...] about Vietnam recovery prospects brightest in Southeast Asia: ICAEW

Also at the meeting, Vietnam suggested hastening the ratification of trade agreements within the region, including completing negotiations and signings of the Regional Comprehensive Economic Partnership (RCEP) within 2020. Increasing the capacity and participation of parliamentary oversight regarding the implementation of trade and investment commitments within the regional and international framework was also tabled. … [Read more...] about Vietnam proposes tourism travel bubbles within ASEAN

On August 25, Service Properties Trust (SVC), a real estate investment trust which owns a diverse portfolio of 149 distinct brands across 23 industries, announced that it would transfer the branding and management of 103 IHG hotels to Sonesta International Hotels Corporation. Previously, SVC sent notice of termination to IHG for failure to pay minimum returns and rents due for July and August totalling $26.4 million plus interest, and IHG had until August 24 to make payments. … [Read more...] about Mergers between behemoths to revive paralysed tourism market

Matthew Zatto, destination marketing sales manager, Southeast Asia, with TripAdvisor, suggested that Quang Binh authorities should build a system of information on the current tourism services, provide tourist information on all websites, including those of local companies, about destinations and connecting tours, and choose a keyword for the local tourist industry so visitors can easily search for it on the Internet. Quang Binh officials have tasked relevant agencies and bodies with proceeding first with these suggestions before signing an official contract to promote the province’s tourism on TripAdvisor. Quang Binh is famous for the Phong Nha-Ke Bang National Park, which is a UNESCO World Heritage Site and which houses Son Dong – the largest cave in the world now. Producers of ‘Kong: Skull Island,’ a reboot of the King Kong franchise and serving as the second installment in Legendary's Godzilla–Kong film series, came to the province in … [Read more...] about Vietnam’s Quang Binh to promote tourism on TripAdvisor

Amid the Covid-19 pandemic, the global investment flow is likely to contract by 40% in 2020, but in Vietnam, newly registered capital has risen 6.6% and the number of new FDI projects inched up over 22% during the pandemic, Do Nhat Hoang, head of the ministry’s Foreign Investment Agency (FIA), said while addressing a dialogue on FDI attraction held today, September 4. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8