Southeast Asia Bulletin, Q1 2026
Southeast Asia’s tourism and hospitality industries have strong growth potential in 2026 but face headwinds from the ongoing energy crisis. With limited reserves and surging spot prices, net oil importers such as Thailand, Singapore, Vietnam, the Philippines and Cambodia are competing with larger, better-resourced regional economies for supplies.
As a result, the tourism and hospitality markets are increasingly dependent on the availability and affordability of fuel for transport and hotel operations. In the coming months, activity is expected to pick up as demand for travel within Asia rises, particularly during the summer school holidays in India and China.
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