Tourism Development Boosts The Economy

August 2004
Asia Monitor: South East Asia Monitor Volume 1;Aug2004, Vol. 15 Issue 8, p7
Country Report
Country Report
As a small economy with a limited industrial base, tourism is a key sector for Laos. Foreign exchange earnings of around U.S. $90mn last year were second only to those from electricity sales, and on a par with those from exports of textiles and garments. However, tourism slumped last year. Foreign arrivals numbered around 636,000 compared with 735,662 in 2002, according to figures issued by the Lao National Tourism Authority. The downturn in 2003 was the result of a combination of factors, including the war in Iraq, the SARS outbreak, and Western governments warning of the potential dangers of travel in light of the country's political instability.


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