Vietnam, India, Indonesia set for travel “bonanza”

Vietnam, India, and Indonesia are set for a tourism “bonanza” as their middle classes expand and grow wealthier, India’s Economic Times quoted deputy chief executive officer of hotel group Accor SA Jean-Jacques Morin as saying.

Le Champ Tu Le Resort Hot Spring & Spa in Yen Bai province (Photo: VNA)
Le Champ Tu Le Resort Hot Spring & Spa in Yen Bai province (Photo: VNA)

New Delhi (VNA) – Vietnam, India, and Indonesia are set for a tourism “bonanza” as their middle classes expand and grow wealthier, India’s Economic Times quoted deputy chief executive officer of hotel group Accor SA Jean-Jacques Morin as saying.

In an interview in Bangkok, he said the three countries stand ready for the substantial tourism growth due to the middle classes’ stable finance and preference to experiences.

“The way people consume has changed. Nowadays, people want services, not necessarily products. They want to have experiences, a trend that has been deeply accelerated by COVID-19.”

With almost 6,000 hotels around the world and more than 45 brands ranging from budget chains like Ibis to the luxury Raffles and Banyan Tree resorts, Accor is aiming to expand its portfolio by 3 - 4% this year, Morin said, adding Asia will likely account for about half those openings.

Southeast Asia and India in particular carry significant growth opportunities, such “big tigers” like Singapore, Thailand, and Japan will continue to perform well, along with upcoming markets such as Vietnam and Indonesia. Expressing a bullish outlook on India, Morin said in 2023, Air India Ltd and IndiGo placed record-breaking orders for 970 planes to ready for a domestic and international travel boom.

“The middle class is the most critical important driver of this industry. When you become a little bit more wealthy, you want to see the world”, he stressed.

Besides, he predicted that the rise of “Gen Z” tourists — people born around the turn of the millennium — will spark faster growth in boutique, design-driven hotels in coming years. Younger tourists spend significantly more on food and drinks and like to go on so-called bleisure trips, where the line between leisure and business is blurred./.

VNA

See more

Philippines raises alarm on rising tobacco, vape usage

Philippines raises alarm on rising tobacco, vape usage

The DOH said tobacco use is a major risk factor for cardiovascular and respiratory diseases. Globally, the World Health Organisation (WHO) estimates over 8 million annual deaths attributable to tobacco.

Indonesian President Prabowo Subianto (Photo: prabowosubianto.com)

Indonesia copes with global instability, US tariff policy

Noudhy Valdryno, Deputy for Dissemination and Media Information at the PCO, said that President Prabowo has already anticipated potential global policy disruptions and prepared three key breakthrough measures to address them.

Garment workers make clothes at a factory in Phnom Penh, Cambodia. (Photo: Xinhua)

Cambodia seeks tariff negotiations with US

In a letter sent to US President Donald Trump, Cambodian Prime Minister Hun Manet requested negotiations after the US imposed a 49% tariff on products from Cambodia, urging Trump to postpone the tariff implementation.

Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz (Photo: malaymail.com)

Malaysia to convene special ASEAN meeting on US tariffs

The Association of Southeast Asian Nations (ASEAN) leaders will also meet to discuss the member states’ solutions to address and mitigate potential disruptions to regional trade, supply chain networks, and cross-border investments, the MITI said.

Head of the House of Representatives' (DPR's) Budget Committee (Banggar) Said Abdullah. (Photo: ANTARA)

WTO urged to take move against US import tariffs

Abdullah asserted that economic policies should support universal economic interests rather than serve as tools for superpowers to gain unilateral advantages - a practice he believes could lead to global economic depression.

Thai exporters have long-term opportunities to ship a massive amount of locally-harvested organic rice to overseas markets. (Photo: thaipbs.or.th)

Thailand sees long-term opportunities for organic rice exports

The official indicated that the exports of locally-harvested organic rice generally grew by 32% in 2024, but particularly expanding as high as 72.1% for its fragrant strain, or Hom Mali, followed by 23.1%, 3.3% and 1.5% for its brown, white and broken grains respectively.

Search and rescue operations are still ongoing at the construction site of the SAO building in Chatuchak District, Thailand (Photo: nationthailand.com)

Bangkok declares end of disaster situation

All areas in the city are no longer disaster zones, except for the area around the construction site of the new State Audit Office (SAO) building on Kamphaeng Phet 2 Road, Chatuchak district, the statement said.

Thai Prime Minister Paethongtarn Shinawatra (right) and Dasho Tshering Tobgay, the PM of Bhutan, at the signing ceremony for the Thailand-Bhutan FTA. (Photo: Bangkokpost)

Thailand, Bhutan formally endorse trade agreement

In 2024, trade between Thailand and Bhutan reached over 460 million THB (13.3 million USD), with Thailand exporting goods worth 457 million THB to Bhutan and importing goods worth 3.47 million THB from this market..

Since January, all containers must be checked for BY2 and cadmium contamination by certified laboratories in Thailand, plus face complete inspection upon arrival at Chinese borders. (Photo: bangkokpost)

Thailand proposes China facilitate durian export

Chinese authorities will also increase the number of inspection laboratories from three to five, adding more officials to streamline the process at this checkpoint, Napintorn said.

US President Donald Trump signs reciprocal tariff executive orders at the White House on April 2, 2025 (Photo: Xinhua/VNA)

Thailand to negotiate with US on tariffs

Thailand is on the list of 15 countries that could be affected by Trump’s tariff policy. The average US tariff on Thai imports is 2% while Thailand levies an average tariff of 8% on US products