The Mala ysia tourism report examines a range of key indicators in this well established, and gr owing, tourism market in Southe ast Asia. With a range of attractions on offer, and an increasingly attractive foreign investment environment, Malaysia is welcoming greater volumes of inbound visitors and is seeing rapid development of its hotel market. Domestic economic growth is also supporting the expansion of the outbound travel market, leading to steady increases in tourism related expenditure and overall industry value.
Malaysia's tourism market has remained robust in the face of several high profile air travel tragedies which had the potential to impact upon the market in 2014. Arrivals are increasingly steadily, and while 2015 may see a fall in arrivals from some regions, such as Europe, this will be offset by gains in arrivals from the dominant Asia Pacific region. Around half of all visitors to Malaysia come from its southern neighbour, Singapore, with the rest of the top ten source markets also largely made up of Asia Pacific states (along with the UK). Overall, we expect arrivals to increase by 5.2% in 2015, to reach 28.5mn, and expect growth will be maintained throughout the remainder of the forecast period.
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As with inbound travel, Malaysia's Asia Pacific neighbours dominate the country's outbound tourism market, with Thailand to the north, Indonesia to the west of Peninsular Malaysia and east of Malaysian Borneo and Singapore to the south making up the three top destinations for Malaysian tourists. Travel in the region is facilitated by a multitude of affordable road, rail, sea and air travel connections. Outbound travel from Malaysia is expected to reach 10.9mn in 2015 and continue to grow throughout the forecast period, supported by healthy domestic economic growth and expanding travel connections.
The Malaysia Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.
BMI's Malaysia Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Malaysian tourism industry.
Key Benefits
* Benchmark BMI's independent tourism industry forecasts for Malaysia to test other views - a key input for successful budgetary and planning in the Malaysian tourism market.
* Target business opportunities and risks in the Malaysian tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Malaysia.
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Report Published: "Malaysia Tourism Report Q4 2015"
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001