Institutions,research and development: tourism and the Asian financial crisis

This report examines the repercussions of the Asian financial crisis on regional institutions and on tourism research and development. It is concluded that the importance of regional institutions for the provision of quality information, research and development will continue to grow. In the short term the crisis has lessened the commitment of key intraregional and national institutions to tourism research and development activity, although some useful collaboration between countries within the region has been evident. Asia should re‐emerge as the world's fastest growing tourism region, provided that the countries most affected by the Asian financial crisis do not impose restrictions on tourist movements or turn away from their long‐term commitment to strategies underpinned by research and development. The move by Pacific Asia Travel Association from San Francisco to Bangkok is identified as an important symbol of the role that regional institutions will continue to play in tourism research and development. Copyright © 2000 John Wiley & Sons, Ltd.