Tunisia has successfully navigated the difficulties of the post-revolutionary period by capably establishing robust democratic institutions. However, the country faces macroeconomic challenges since the 2011 revolution. Budgetary pressures, combined with a devaluation of the dinar and a rise in the level of business informality, have made the current environment a complex one.
As host of the 30th South-East Asian (SEA) Games in 2019, the Philippines is aiming to put on the largest event of this magnitude to date. Taking place from November 30 to December 11, the SEA Games will feature 56 sports and 523 events, easily outpacing Thailand’s previous record of 44 sports in 2011. New sports on offer include skateboarding...
Over the course of less than two decades, China has gone from being a minor player to being the world’s largest and most lucrative source of outbound tourists. In 2017 alone Chinese nationals made more than 131m trips outside of their national borders, spending approximately $300bn in the process.
Aided by easier and cheaper travel, global tourism has experienced two decades of almost uninterrupted growth. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687m to 1.57bn per annum. With the global middle class estimated by the US-based think tank Brookings Institution to be...
One of the Philippines’ most popular holiday destinations, Boracay is an example of how tourism growth can have negative effects if it is not handled correctly. An island covering 10.3 sq km, Boracay hosted one-third of all the country’s visitors in 2017. Unchecked development, insufficient waste water treatment facilities and overpopulation...
What is the economic impact of hosting the 2019 SEA Games and how will this affect the tourism and hospitality sectors in particular?
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