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Analysing economic contribution of tourism: insights from selected Southeast Asian countries

Author

Listed:
  • Hieu Vu Minh

    (Van Lang University, Faculty of Commerce and Business Administration, Vietnam)

  • Yen Hua Thi Bach

    (Student at Ho Chi Minh Open University, Vietnam)

Abstract

Tourism is a potential sector that can contribute positively to economic growth if properly managed. The southeast Asian countries have identified tourism as a key sector that can enable them to achieve sustainable economic growth. This study analysed the economic contribution of tourism in five southeast Asian countries (Indonesia, Malaysia, Singapore, Thailand and Vietnam). The paper aims to evaluate economic contribution of tourism in South Asiancountries by using secondary data covering 2008-2017 collected from world travel and tourism council database to draw insights about the subject. Descriptive statistics in form of tables, charts, mean and standard deviation were used for comparative analyses. Overall score indicated that Thailand is the best performer with respect to the economic contribution of tourism among the sample southeast Asian countries during the period 2008-2017. The study proposed six recommendations to managers and policymakers in the tourism sectors in Southeast Asia.

Suggested Citation

  • Hieu Vu Minh & Yen Hua Thi Bach, 2019. "Analysing economic contribution of tourism: insights from selected Southeast Asian countries," Management, Sciendo, vol. 23(2), pages 223-237, December.
    • Handle: RePEc:vrs:manmen:v:23:y:2019:i:2:p:223-237:n:13
    DOI: 10.2478/manment-2019-0028
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    References listed on IDEAS

    as
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    3. Shahzad, Syed Jawad Hussain & Shahbaz, Muhammad & Ferrer, Román & Kumar, Ronald Ravinesh, 2017. "Tourism-led growth hypothesis in the top ten tourist destinations: New evidence using the quantile-on-quantile approach," Tourism Management, Elsevier, vol. 60(C), pages 223-232.
    4. Jianwei Qian & Huawen Shen & Rob Law, 2018. "Research in Sustainable Tourism: A Longitudinal Study of Articles between 2008 and 2017," Sustainability, MDPI, vol. 10(3), pages 1-13, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Gross domestic product; employment; visitor exports; investment; Southeast Asia;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • Z30 - Other Special Topics - - Tourism Economics - - - General

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    Access and download statistics

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