SOUTHEAST Asia's tourism sector continues to recover from the impact of the Covid-19 pandemic, but the Philippines is 'lagging considerably behind,' Bank of America (BofA) Global Research said in a new report.
SOUTHEAST Asia's tourism sector continues to recover from the impact of the Covid-19 pandemic, but the Philippines is 'lagging considerably behind,' Bank of America Global Research said in a new report.Tourists from China are aiding the recovery, BoFA said on July 29, with Malaysia expected to see the largest gain.
, last week ordered a total ban.Thailand, meanwhile, trailed Vietnam at 90 percent, followed by Indonesia, Myanmar and Singapore, which are in the 'middle of the pack' at 80 to 90 percent.Singapore arrivals, BofA noted, have pulled back from a boost due to Taylor Swift's concerts in March.As for the lift from Chinese tourists, Malaysia is expected to see outbound seats rise by almost 40 percentage points to 129 percent of the pre-pandemic level.
Tourism Recovery 'Lagging Considerably'
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