(TAN): The World Travel & Tourism Council (WTTC) has revealed positive signs of recovery for the Asian travel and tourism sector, with five major metropolises seeing a significant economic rebound, the tourism body said in a news release.
The report, researched in partnership with Oxford Economics, analysed key indicators such as tourism’s contribution to GDP, employment and traveller spend in 82 cities from around the world.
There were five Asian cities amongst the top 25 whose tourism sectors have the greatest impact on their local economies. According to the study, the top-performing Asian cities in 2022 were Bangkok, Beijing, Seoul, Singapore and Tokyo.
Following continued border closures and strict travel restrictions, the report shows that in these major powerhouses, tourism’s direct contribution to GDP is recovering, albeit at a slow pace.
Whilst it’s a slightly different picture for international visitor spending, all cities are starting to show signs of economic recovery thanks to overseas travellers spending once again.
Most of the cities’ sector job levels are also increasing once again, with the exception of Tokyo, whose sector job market is recovering at a slower rate.
