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| Monday, February 12, 2007 |
| Brunei travel: Brunei lags behind in SE Asia's tourism sector |
Brunei has been warned that it may be left out of the growth of South-East Asia's booming travel and tourism industry if the tourism sector does not take swift action immediately.
A comprehensive, 10-year economic forecast brought out in 2006 by the World Travel and Tourism Council (WTTC) forecast that Brunei's travel and tourism industry would be among the lowest in demand in the South-East Asian region.
The report defines South-East Asia as comprising all 10 members of the Association of South-East Asian Nations (ASEAN) as well as Papua New Guinea.
It assessed Brunei's share of the world travel and tourism market at 0.0% in 2006, with a future growth rate of 2.9% a year between 2007 and 2016.
A chapter on the trends in South-East Asia's travel and tourism industry, beginning in 1988, predicted a steady rise from 3.6% at the start of 2005 to nearly 4% in 2008.
The report by the World Travel and Tourism Council ranked Brunei as having one of the slowest growth rates in the world.
Out of the 174 participant-nations in the study, Brunei was projected to stand at just 167 for the next several years, the lowest-ranking of the South-East Asian countries.
In contrast, Vietnam ranked the sixth fastest-growing in the world, with its travel and tourism industry calculated to be worth $5.6 billion.
Travel and tourism in South-East Asia was expected to generate economic activity worth $361.2 billion in 2006, and eventually to hit $800.7 billion by 2016 at the rate of 5.7% a year.
The World Travel and Tourism Council report described Brunei -- especially in terms of data source confidence, forecast and margin of error -- as being subject to "high uncertainty and/or with limited access to data."
A nationally accredited analysis for 2006 foreign arrival statistics in Brunei is yet to be released.Labels: Travel |
| posted by a correspondent @ 9:18 PM |
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