PRLog (Press Release) – Mar 19, 2011 – According to our report “Malaysian Tourism Industry Forecast to 2012”, tourism has emerged as the second largest revenue earner in the country after manufacturing industry, despite the global economic slowdown and recession. It is the backbone of a large number of businesses and creates employment opportunities for thousands of Malaysians. Moreover, with peaceful environment, stable economic conditions, and supportive government policies, international tourist arrivals in Malaysia will reach nearly 32 Million, growing at a CAGR of nearly 8% during the forecasted period (2011-2013).
Our ongoing analysis found that, the Malaysian government is continuously making efforts to establish its tourist industry at the global front and has somehow succeeded after getting top position among the top 10 tourist destinations in the world. Besides, the government included tourism industry in the five year plan and regards it as a major part of the economy. The country’s tourism promotion board is also coming up with new promotional packages to attract tourist from various destinations. Besides, authorities are pouring huge amount of investments to develop tourist industry, thus creating employment to thousand numbers of people in the country.
The report provides a deep insight into the Malaysian tourism industry and studies its past, present, and future scenario. It offers a detail study of the forces driving the industry and discusses key market trends that are making Malaysia a potential tourism destination. Our report also contains extensive information (analysis and statistical data) of various industrial parameters that will help clients analyse opportunities critical for their success in the Malaysian tourism industry.
“Malaysian Tourism Industry Forecast to 2012” provides an in-depth analysis of the present status and future prospects of the Malaysian tourism industry. It thoroughly studies various parameters of the industry, such as inbound & outbound tourism, expenditure by inbound & outbound tourists, type of tourism, accommodation facilities, medical tourism, and MICE industry. The report also provides strategic insight to clients to evaluate opportunities critical for their success in the Malaysian tourism industry. Due consideration has been given to the competitive landscape to enable clients understand the present market structure and future growth prospects.
Lion Air, Indonesia’s largest airline, plans to transform little-known carrier Berjaya Air into a low-cost carrier for Malaysia.
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