Finland, India and Vietnam are all on the verge of becoming more popular destinations for international travellers.
While the country of Singapore is expected to grow by almost 10 per cent in 2020, the countries of Thailand, Cambodia and Indonesia will continue to remain the most popular destinations, according to a new report by Travel Economics.
The number of international travelers will increase by a whopping 22.5 per cent, from 18.5 million in 2020 to 21.4 million in 2021.
This growth in popularity will be driven by the countrys economic growth, the number of tourists who choose to spend the night in one of these three countries, the report says.
While India has the fastest growth rate, China will continue its steady growth, which will see it overtake Malaysia to become the world’s second-most popular destination.
Meanwhile, Vietnam is expected increase by just 0.2 per cent from 2020 to 2021, due to the country’s low costs and strong economy.
The countrys tourism growth will also see it overtaking China to become a third-most-popular destination in 2021, the Travel Economics report said.
With the exception of Thailand and Cambodia, all three countries have relatively low cost of living compared to their western counterparts, according the report.
This low cost is expected in the next two years, with the average cost of a standard ticket from one of the three countries hovering around $300.
Travel Economics says the country will also experience the biggest increase in tourism spending in the country in the future, with more and more of its visitors choosing to visit the country due to its high quality of life and relatively low costs.
The three countries’ average tourism expenditure will also increase from $1,200 in 2020 and $1.00 in 2021 to $1 and $2, according Travel Economics’ report.
However, the country is still in the midst of a transition period and the economic recovery is expected this year.
The growth rate in tourism expenditure could increase further, the study says.