"Tourism Flows Outbound in Malaysia" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Thu Dec 18 2014

Tourism flows outbound posted 3% increase in total number of trips in 2013 which was marginally slower than trips volume growth during 2012. Malaysians continued to show a strong interest in travelling overseas despite the global economic slowdown. However, outgoing tourist expenditure witnessed significantly lower positive current value growth in 2013, with a mere 6% compared to the strong 10% value growth of 2012. Malaysians who travel overseas during the review period were more cautious in their spending patterns due to lower consumer confidence levels. Although they still chose to travel overseas due to cheap flight tickets provided by low cost carriers, some of them chose to reduce their spending during travel; for instance costs incurred in travel accommodation and transportation. Thus, similar volume growth rates in 2013 for total outbound trips yielded lower value growth of outgoing expenditure in the same year for Malaysia.

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Industry Prospects

Over the forecast period, departures will enjoy a volume CAGR of 3%, while outgoing expenditure is predicted to post a mere 4% value CAGR at constant 2013 prices. There will still be strong demand in Malaysians choosing outbound travel since they prefer to visit countries overseas rather than travel domestically. However, spending pattern of Malaysians overseas will remain conservative over the forecast period. Outgoing expenditure will not experience significant forecast growth compared to the review period due to consumers’ concerns over rising costs of living in Malaysia, followed by the introduction of goods and service tax (GST) in Malaysia during 2015.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Tourism Flows Outbound industry in Malaysia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Tourism Flows Outbound industry in Malaysia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Tourism Flows Outbound in Malaysia market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Tourism Flows Outbound in Malaysia?
* How big is outbound travel in terms of departures and spending?
* Which international destinations are the most popular?

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