The hospitality sector, one of the region’s largest, is continuing to see visitor numbers grow this year, boosted by better transport connectivity with large emerging markets.
This development is increasingly being linked with Malaysia’s overarching strategy of raising revenues and value in key economic sectors, a theme that is set to dominate the next few years. According to Ng Yen Yen, the minister of tourism, Malaysia registered 11.63m arrivals in the first half of 2012, up 2.4% over the same period in 2011.
Receipts grew more rapidly, increasing 4% over the same period to RM26.8bn $8.81bn. Ng attributed the continuing rise in visitor numbers in part to improved connectivity particularly with China and events such as the F1 Malaysian Grand Prix and the Citrawarna cultural festival.
Other members of ASEAN accounted for around 73.8% of arrivals.
Singapore, which has close cultural, economic and social ties to its northern neighbour, remained by far the biggest source of visitors, with 5.83m arrivals in the first half of this year.
This number is likely to have been somewhat boosted by shuttle traders, who pass over the border on a regular basis, and day-trippers.
The other largest contributing countries were: Indonesia, with 1.11m arrivals; China 758,000; Thailand 639,000; Brunei Darussalam 588,000; India 365,000; Australia 243,000; the Philippines 238,000; Japan 216,000; and the UK 197,000. Arrivals from China were up 34.2% on the first half of 2011, India 6.9% and Russia 28.2%. There was also impressive growth from established markets, including France 20.6%; the US 18.9%; South Korea 18%; Japan 32.5%; and the UK 5.9%.
Note: This article was published on behalf of Oxford Business Group, the views and opinions expressed in this article are those of the authors and do not necessarily state or reflect the views of Thailand Business News
Asian students are vital to the health of Australian universities
Over 170,000 international student visa holders are stuck outside Australia, unable to enter because of travel bans.
Australia boosting cybersecurity cooperation within Asian countries
They are now working in tandem with other Asian countries such as Singapore and China in a bid to tackle cybercrime within the Asia Pacific region.
2017 saw Australia sign an agreement with Thailand in a bid to boost regional community security and they are now working in tandem with other Asian countries such as Singapore and China in a bid to tackle cybercrime within the Asia Pacific region. (more…)
Subscribe via Email
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...