Growth on the horizon for Southeast Asia

Asia has long been one of the most fascinating and exciting destinations—beyond anything I could have dreamt of. Regardless of the purpose of my trip—be it for leisure or business—the balance between cultural authenticity and genuine hospitality in Asia is always right.

It’s unsurprising that in difficult times such as these, one of the very few places in the world where economic growth, and in particular, hotel performance growth can be observed and maintained is in Asia.

I wanted to take a closer look at a region that has seen it all, from booming mass tourism and spectacular economic growth to economic challenges and natural catastrophes. Probably no other region has managed to reinvent itself and reposition its best attributes to attract tourism and business.

I believe there is growth on the horizon for the hotel industry in the region. Whilst the rest of the world is pondering the outcome of the current economic crisis, Southeast Asia managed to build strong economic fundamentals in its major cities.

Every major market in the region saw an increase of 5% or more in gross domestic product during 2010 and 2011, except for Thailand, which is still recovering from last year’s tsunami. 

Source - hotelnewsnow