An expansion in air connections, including low-cost routes, is expected to help sustain Tanzania’s growth in visitor numbers and strengthen its tourism sector.
Tourism
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Economic update | Papua New Guinea invests to expand tourism offerings and source markets
31 Jul 2017
Increased investments in infrastructure and courtship of new markets should help accelerate growth in Papua New Guinea’s tourism sector in the coming years, as part of government efforts to extend the industry’s benefits to less-developed regions.
New air routes and relaxed visa restrictions in Vietnam are boosting foreign arrivals and supporting growth in the country’s tourism industry, though there are concerns that overexploitation of cultural and environmental resources could devalue the sector’s key assets.
As Kuwait’s economy continues to adjust to the new oil price environment the country’s government is pushing ahead with investment plans and reforms that promise to put the country on a sustainable growth path in the coming years.
Tourism remains one of the primary drivers of economic growth in Thailand. While manufacturing and exports are sluggish and consumer demand weak, visitor numbers were up in 2016 and are expected to hit new records in 2017. After a slight dip in 2014, the upward trend seems to have been re-established. Looking ahead, tourism will remain an important part of the Thai economy and is expected to...
Despite considerable geopolitical volatility, Thailand’s economy remains well diversified, stable and poised for expansion in 2017.