Tourism in Asia and the Pacific continue to scale greater heights
International tourism in Asia continue to grow, driven by stronger pull in visitor arrivals (407.6 million) and higher tourism receipts ($368 billion) across the region.
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The Asia Regional Integration Center (ARIC) is an ongoing technical assistance project of the Economic Research and Regional Cooperation Department (ERCD). Following the 1997/98 Asian financial crisis and the contagion evident around the region, ADB was asked to use its knowledge-based expertise to help monitor the recovery and report objectively on potential vulnerabilities and policy solutions. With the ASEAN+3 process just starting, ADB provided technical assistance beginning in 1999—to create the Asia Recovery Information Center, the precursor to ARIC.
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