Malaysian Travel & Tourism Sector Examined in New Canadean Report Now Available at MarketPublishers.com26 May 2015 • by Natalie Aster
LONDON – The travel and tourism sector demonstrated significant growth over the past several years. International arrivals to the country grew at a 3.5 percent CAGR over the period 2010-2014, while total inbound tourism expenditure grew at a CAGR of approximately 7.4 percent over the same period. Some of key factors having contributed to such swift growth include: an increasing number of medical tourists from GCC, a rising number of golf lovers and people willing to study in the country, etc.
Domestic tourism grew at a higher CAGR of more than 13 percent over the period 2010-2014, while outbound tourism exhibited a CAGR of approximately 5.6 percent over the same period.
A large number of Malaysian tourists preferred to travel to Thailand in 2014, while Singapore was another popular destination in the same year.
Government initiatives are expected to encourage further growth of the sector in the upcoming years.
New market research report “Travel and Tourism in Malaysia to 2019” worked out by Canadean provides an up-close look at the travel and tourism sector performance in Malaysia. The study offers a comprehensive overview of the marketplace and covers tourism flows in detail. It examines domestic, inbound and outbound tourism trends and explores key developments in the sector. The report delves deep into such industries as hotels, airlines, travel intermediaries and car rental. It canvasses the competitive landscape and includes profiles of the most prominent players. The research report contains data on tourism output, tourism employment, outbound tourism flows, etc. Besides, it comprises forecast figures related to the marketplace.
Travel and Tourism in Malaysia to 2019
Published: May, 2015
Price: US$ 1,950.00
More new research reports by the publisher can be found at Canadean page.