Phocuswright predicts Indonesia will surpass Thailand in 2026 to become Southeast Asia's largest travel market

Phocuswright released a forecast stating that Indonesia will surpass Thailand in 2026 to become Southeast Asia's largest travel market. The organization's data shows that in 2025, Thailand ranked first in Southeast Asia with total bookings of 17.9 billion US dollars, with Indonesia following closely at 17.7 billion US dollars; that year, total travel bookings in Southeast Asia grew 6% to 63 billion US dollars.