The war in Iran is hitting tourism dependence in countries in Southeast Asia. Increased fuel prices and canceled flights threaten this year's peak season.
Tourism accounts for nearly 13 percent of Thailand's GDP, and for Vietnam the figure is 9 percent. In countries such as Cambodia and the Philippines, tourism also creates many jobs and provides a welcome influx of foreign capital.
The lack of jet fuel has now forced several airlines in Southeast Asia to cancel flights. Tourism in the region has also not yet fully recovered from the Covid-19 pandemic.
– What is happening five years apart – first the pandemic and now the war – is terrible for the tourism industry, says Jitsai Santaputra from the consulting firm Lantau Group in Bangkok.
The analysis company Moody's estimates that the effects of the war will reduce economic growth in the area by 0.1 to 0.4 percentage points by 2026.
Source: Expressen-tt.se
