This report examines trends, dynamics, vulnerabilities, and opportunities associated with tourism development and how the sector has been impacted by COVID-19. It offers concrete recommendations to policymakers and industry stakeholders in developing member countries (DMCs) of the Asian Development Bank (ADB). These recommendations look at how governments can initiate the recovery of tourism industries and how to leverage tourism to foster sustainable development in Asia and the Pacific.
The report highlights six pathways for promoting systemic change in the sector:
- a value-driven approach;
- decarbonization;
- tourism-led regeneration;
- diversification;
- improved governance; and
- sustainable finance.