Malaysia - Tourist Arrival may Exceed 20 1 Million this Year

Released on = June 10, 2007, 10:25 pm

Press Release Author = Shushmul Maheshwari

Industry = Transportation & Logistics

Press Release Summary = Malaysian tourism industry, as indicated by the current
spectacular growth trend, may surpass the anticipated 20.1 million mark this year

Press Release Body = According to RNCOS report \"Opportunities in Malaysian Tourism
Industry (2007-2009)” it has been found that the tourism industry in Malaysia
has seen tremendous growth in both domestic and inbound tourism. It’s expected
that Malaysia’s tourist influx will increase at a CAGR value of around 6.5%
during next five years (period spanning 2007-2011).

As of May 10, 2007, tourist arrivals in Malaysia had already touched 8.9 million,
indicating that the country may easily exceed its target of bringing 20.1 million
tourists and RM44.5 billion as revenues for its Visit Malaysia Year 2007, as
published by nst on May 19, 2007.

Malaysia is fast emerging as a favorite destination among the tourists from Asia as
well as the world. Almost 68,461 visitors arrive in Malaysia daily, as per latest
data. However this data doesn’t include day-trippers or those making an
overnight halt. If the country is able to maintain this number, it’s expected
to attract around 24.99 million visitors and earn RM55.3 billion as revenues from
accommodation & shopping, transportation, and food & beverage. Business Times
published this in news on May 17, 2007.

Strengthening foreign currencies, like the Singaporean dollar and Euro, against the
RM is another major stimulator attracting travelers to Malaysia. Visitors
particularly from Thailand, Singapore, and India – forming more than 60% of
total tourist influx in the country - find value for their money as a significant

With positive conditions in the market, inbound tourist receipts should grow at an
annual rate of 8-10%. The travel & tourism industry is expected to remain a major
contributor of the GDP of Malaysia.

As per the RNCOS report \"Opportunities in Malaysian Tourism Industry
(2007-2009)”, “Just like many countries throughout the globe, tourism is
a key industry in Malaysia as well. The industry is amongst the major foreign
exchange earner for the country, next only to manufacturing industry. The govt. of
Malaysia is whole-heartedly committed towards further expansion of its tourism

RNCOS report \"Opportunities in Malaysian Tourism Industry (2007-2009)” look in
to the various aspects of the tourism industry in Malaysia. Issues and facts
discussed in this report include: emerging trends in the Tourism sector in Malaysia,
future Outlook of the Tourism industry in Malaysia in terms of Inbound Tourism,
Outbound tourism, Expenditure by Inbound tourist, expenditure by outbound tourist,
and so on.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit:
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Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92

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