The tourism cluster posted a very strong FDI performance in 2019, with 715 greenfield projects announced, an 10.3% increase from 2018 and the peak year for tourism projects since fDi Markets began recording data in 2003.

Although the number of tourism projects hit a record high in 2019, capital investment and job creation in the cluster fell by 13.2% and 6.1% respectively from 2018.

More than 30% of projects and of capital investment announced in the tourism cluster between 2015 and 2019 occurred in 2019. The most recent full-year also accounted for 28.8% of jobs created during the same period.

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