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Malaysian Tourism Industry Skyrocketing with Contribution from India
Jun 06, 2007
According to a recent report “Opportunities in Malaysian Tourism Industry (2007-2009)” by RNCOS, it has been observed that Malaysia tourism industry is growing by leaps and bounds in terms of both inbound and domestic tourism. As per estimates, the total tourist arrivals in the country will grow at a CAGR of over 6% from 2007 to 2011.
India accounts for a large section of the tourist arrivals in Malaysia. During January to July 2006, global tourist influx in Malaysia shot up by around 5.5% (over 10 Million tourists) while the share of Indian tourists alone jacked up by over 19% (over 0.15 Million). Due to this whopping number of tourist arrivals, India became the ninth largest market for Malaysian tourism industry.
The Malaysian Tourism Board has revealed the figures of Indian tourists visited Malaysia last year. According to these figures, 279,000 Indians went to Malaysia in 2006 and 400,000 are expected to visit this year. A survey of departing visitors showed that Malaysia’s advancement, beauty, repute of being a shopping destination, easy accessibility and safety alongwith multitude of tourist attractions, including theme parks, golf courses, and eco-tourism offers value for money.
Arif Mohammed Noor, Tourism Director, Malaysia, reported that tourism industry is the second largest contributor to the economy of Malaysia. “Given the large disposable income of people in India and the growing urge of a holiday destination, we are confident that the response from India will be tremendous”, said Mr Noor, as reported by ASIA TIMES on May 4, 2007.
As per the RNCOS report “Opportunities in Malaysian Tourism Industry (2007-2009)”, tourism is one of the most thriving industries in several countries around the world and Malaysia is no exception. Malaysian tourism industry generates a significant share of foreign exchange for the country (it is second only to manufacturing sector). Because of the immense benefits the industry is giving to the country, the Malaysian government is also committing its resources on its development. Since the past 12 years, the industry has been promoting its tourism industry both at local and international level through specifically engineered promotional campaigns.
The market research report provides a detailed analysis of tourist arrival (both Intra and Extra ASEAN), inbound and outbound tourism, expenditure statistics, medical tourism landscape, transportation, accommodation situation in the country, etc.
For more information visit: http://www.rncos.com/Report/IM510.htm
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