Southeast Asia’s tourism and travel sector after COVID-19: a way forward

Emerging Markets Tourism And Travel In Southeast Asia And Regional Or Local

The coronavirus started in China before spreading to other countries. Southeast Asia’s travel and tourism sector felt the impact of the virus right away due to the decline in arrivals from China. The subsequent spread of the virus resulted in lockdowns and other social restriction policies which made the damage to the sector even worse. With tourism and travel activities coming to an almost complete halt, ASEAN governments are now slowly looking for a way out. Powerhouse Tourism and travel are undeniably important to the Southeast Asian region. The sector…

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SE Asia: eCommerce boom drives up mobile payment options

A recent Google-Temasek e-Conomy SEA 2018 report highlights the explosive growth happening in e-commerce in Southeast Asia. SE Asia has long been seen as a challenging market for international brands to enter. Recent investments in infrastructure, improved regulatory conditions alongside rapid growth in internet and smartphone penetration open up the markets for foreign brands. With the growing acceptance of e-commerce, foreign brands no longer need to establish a local presence to target the Southeast Asian consumer. According to the e-Conomy SEA 2018 report, the SE Asia internet economy reached an…

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ASEAN eCommerce sets to replace China saturated market

Guest post by  Kim Jae-kyoung SINGAPORE ― The ASEAN region (The Association of Southeast Asian Nations) is emerging as one of the most promising e-commerce markets in the world to replace the saturated Chinese market. Following the establishment of the ASEAN Economic Community (AEC) at the end of 2015, e-commerce is providing huge opportunities for Korean retailers seeking new customers abroad. Most member states of ASEAN, including Indonesia, Thailand, Malaysia, Singapore, the Philippines and Vietnam, are experiencing an e-commerce boom. The Internet-based retail market has been relatively underdeveloped in Southeast Asia…

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