Malaysia posts record income from tourism

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Malaysia made $20.2 billion in overall tourism revenue last year, its highest ever. Of the total, Chinese tourists’ expenditure make up close to $3 billion.

Chinese visitors, who have been the key growth driver in tourism across Southeast Asia for the past decade, will continue to support Malaysian tourism growth, said Kim Eng, analyst at Maybank’s research division Maybank Kim Eng, in a recent report.

However, while there were higher tourism receipts, data from the Malaysian Tourism Board showed visitor arrivals to Malaysia eased three per cent in 2017 before easing another 0.4 per cent in 2018 to 25.8 million.

Maybank Kim Eng analyst Wong Chew Hann said the lack of promotion over the past few months partly contributed to the decline.

“That is something where the government needs to step up its efforts,” she said.

In 2018, Singaporeans accounted for 41 per cent of 25.8 million visitor arrivals to Malaysia, while 2.9 million tourists from China visited Malaysia.

Recently, China’s ambassador to Malaysia, Bai Tian, said that he expects 3.5 million tourists from China to visit Malaysia this year.

The research found that Chinese visitors spend an average of $1,010 each during their stay which is a lot more than most other visitors. Therefore, it is expected that Chinese visitors this year will moderate the adverse impact of fewer Singaporean visitors on Malaysia’s tourism industry.

Malaysia has also strengthened its position as a retirement destination among Chinese.

As of last year, there were 42,271 participants of Malaysia’s official retirement scheme, the Malaysia My Second Home programme, contributing $3.1 billion in revenue to the economy.

By far most of the participants are from China (11,820) and reside in Johor, owing to the strong presence of Chinese developers there. Chinese also like Penang, while Western participants prefer Penang and Langkawi, the study found.

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Malaysia made $20.2 billion in overall tourism revenue last year, its highest ever. Of the total, Chinese tourists’ expenditure make up close to $3 billion. Chinese visitors, who have been the key growth driver in tourism across Southeast Asia for the past decade, will continue to support Malaysian tourism growth, said Kim Eng, analyst at Maybank’s research division Maybank Kim Eng, in a recent report. However, while there were higher tourism receipts, data from the Malaysian Tourism Board showed visitor arrivals to Malaysia eased three per cent in 2017 before easing another 0.4 per cent in 2018 to 25.8 million....

Reading Time: 2 minutes

Auto Draft

Malaysia made $20.2 billion in overall tourism revenue last year, its highest ever. Of the total, Chinese tourists’ expenditure make up close to $3 billion.

Chinese visitors, who have been the key growth driver in tourism across Southeast Asia for the past decade, will continue to support Malaysian tourism growth, said Kim Eng, analyst at Maybank’s research division Maybank Kim Eng, in a recent report.

However, while there were higher tourism receipts, data from the Malaysian Tourism Board showed visitor arrivals to Malaysia eased three per cent in 2017 before easing another 0.4 per cent in 2018 to 25.8 million.

Maybank Kim Eng analyst Wong Chew Hann said the lack of promotion over the past few months partly contributed to the decline.

“That is something where the government needs to step up its efforts,” she said.

In 2018, Singaporeans accounted for 41 per cent of 25.8 million visitor arrivals to Malaysia, while 2.9 million tourists from China visited Malaysia.

Recently, China’s ambassador to Malaysia, Bai Tian, said that he expects 3.5 million tourists from China to visit Malaysia this year.

The research found that Chinese visitors spend an average of $1,010 each during their stay which is a lot more than most other visitors. Therefore, it is expected that Chinese visitors this year will moderate the adverse impact of fewer Singaporean visitors on Malaysia’s tourism industry.

Malaysia has also strengthened its position as a retirement destination among Chinese.

As of last year, there were 42,271 participants of Malaysia’s official retirement scheme, the Malaysia My Second Home programme, contributing $3.1 billion in revenue to the economy.

By far most of the participants are from China (11,820) and reside in Johor, owing to the strong presence of Chinese developers there. Chinese also like Penang, while Western participants prefer Penang and Langkawi, the study found.

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