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world19h ago
Soaring prices during the Iran war jeopardize travel to tourism-dependent countries in Asia
- The war with Iran is driving higher jet fuel costs and prompting flight cancellations across Asia-bound travel routes.
- Tourism-reliant economies in Southeast Asia, like Thailand and Vietnam, face higher costs as energy prices climb.
- Analysts expect travel confidence and demand to weaken as airfare surcharges rise and routes are cut.
- Vietnam Airlines and other carriers are reducing flights or adjusting schedules due to fuel costs.
- Energy-price shocks threaten the region's 2026 growth outlook, with potential declines in tourism-related activity.
- Local drivers report falling earnings as higher gas costs cut daily income from tours.
- The region's boost to foreign exchange and jobs hinges on a rebound in travel demand as prices stabilize.
- Southeast Asia’s tourism sector accounts for about 11% of regional economic activity, per WTTC data cited by analysts.
- Experts warn energy-cost pressures could disrupt livelihoods from hotels to taxi services across the region.
- Regional carriers are adjusting routes to manage higher fuel costs and rising surcharges.
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