Connect with us

Asean

Malaysia Vs Thailand

Avatar

Published

on

The outlook for tourism looks even more promising because of the positive effects of the free trade agreement that allows the free flow of goods, services, products, capital, investment, skills and labour between Asean countries.

However, if we compare Thailand’s figures to those of neighbouring Malaysia, which had 23.6 million tourist arrivals last year, they do not look so encouraging, bearing in mind that Malaysia covers 329,845 square kilometres (nearly half the size of Thailand), has a population of 28 million (less than half that of Thailand) and possesses similar resources.

Malaysia vs Thailand

Despite the political upheaval this year, tourist arrivals in Thailand reached a promising figure of 1.2 million in July, up from only 400,000 in May, according to the Office of Tourism Development. Arrivals for the whole year are expected to be 14.69 million, compared with 14.15 million last year, based on the Thailand Tourism Confidence Index conducted by Chulalongkorn University.

Malaysia is ranked ninth globally for tourist arrivals, according to the World Tourism Organisation. The figures in the chart show that Malaysia’s arrivals have increased markedly since 2005 while the numbers for Thailand have risen at a much lower rate. Information provided by Tourism Malaysia also reveals the following:

– Arrivals from Singapore account for most tourists visiting Malaysia, mainly because Singapore’s Changi International Airport acts as a gateway for tourists entering Southeast Asia. Arrivals from Singapore last year totalled 12 million, compared with only 600,000 in Thailand.

– Malaysia has been targeting new markets in the Middle East. Its number of Iranian tourists increased by more than 60% from 60,000 in 2008 to 100,000 in 2009. Tourists from Saudi Arabia and other Arab countries have been attracted by the similarity of religions, the availability of halal food and the promotion of the Ramadan holiday. Malaysia is reported to be the second-favourite destination after Egypt for Saudi tourists. Middle Eastern tourists have generated high revenues for Malaysia as they normally spend up to three times the amount of average tourists. Saudi tourists visiting Thailand dropped from 22,000 in 2007 to 14,800 in 2008 due to strained relations between the countries, while the number of Iranian tourists is not significant, with Iran still classified in the “other” category in Thailand’s tourist arrival forms.

via Bangkok Post : Why Malaysia is thriving.

Comments

Asean

The Latest on Covid-19 in Southeast Asia

Thailand has largely avoided widespread community transmission of Covid-19, but the kingdom is not faring well on the economic front, with a projected contraction of 7.1 percent this year.

Avatar

Published

on

Coronavirus Asia

As a region, Southeast Asia has fared relatively well in keeping coronavirus cases low, with the notable exceptions of the Philippines and Indonesia.

(more…)
Continue Reading

Laos

China’s debt-trap diplomacy: Laos’ credit rating downgraded to CCC

Laos’ debt challenge is deeply concerning, with some media commentators suggesting the country is falling into a debt trap as a result of Chinese infrastructure investments connected to the Belt and Road Initiative (BRI)

Boris Sullivan

Published

on

On 23 September, the Fitch Ratings agency downgraded Laos’ credit rating to CCC — the second downgrade in 2020, having dropped to B- in May.

(more…)
Continue Reading

Vietnam

Foreign capital still heads to Vietnam

As many as 798 projects added a combined over 5.11 billion USD to their investment capital, down 23 percent year-on-year in project number but up 6.8 percent in value.

Avatar

Published

on

Hanoi (VNA) – The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,621 other subscribers

Trending