Tourism Impact the Economic Growth of ASEAN Countries. Lesson Learned for Post-Pandemic Covid-19 Recovery
The COVID-19 pandemic has had the greatest impact on the travel and tourism industry. ASEAN, which is one of the most visited regions, has seen a significant drop in visitors. This study examined the performance of tourism contribution to Gross Domestic Product (GDP) in ASEAN countries to learn about economic recovery after a pandemic using tourism indicators such as tourist arrival, tourism receipt, tourist expenditure, and exchange rate of nine out of ten ASEAN countries: Indonesia, Singapore, Malaysia, Myanmar, The Philippines, Vietnam, Lao PDR, Myanmar. A quantitative method based on secondary data from 2009 to 2018. The World Bank, the Central Bureau of Statistics, the Census and Economic Information Centre (CEIC), and Statista provided the data for this study. To test the hypotheses, data were analyzed using a Multiple Regression Model. The result shows tourism receipts and tourist expenditure have a significant positive effect, whereas tourist arrivals have a significant negative effect, and the exchange rate has no significant effect on GDP. The result also shows all variables contribute to 72.9 percent of GDP in ASEAN countries. Tourist expenditure was discovered to be the most important variable among all variables. As a result, the governments of ASEAN countries should pay more attention to tourist spending and attract higher spenders.
How to Cite
Copyright (c) 2022 The Journal of Technology Management and Technopreneurship (JTMT)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-By 4.0 (CC BY 4.0) that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).