Malaysia Travel and Tourism Market Size, Analysis and Overview to 2020: Hexa Reports

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Malaysia Travel and Tourism Market Share, Size, Trends,
Growth, Costs and Price, Analysis, Outlook and Overview to

International arrivals to Malaysia declined in 2015, largely due to the airline disasters that took place in
2014 (Malaysian flight MH370 disappeared in March and flight MH17 was shot down on July 17).
However, the market is expected to recover and grow by 2% in 2016, driven by the depreciating
Malaysian currency.
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Key Findings
In 2015, Malaysia's tourism sector saw one of the worst downturns for two decades. Incidents that took
place in the airline industry in 2014 were one of the key reasons for this decrease. International arrivals
fell by -6% in 2015 and trips from Singapore, Malaysia's largest source market, which accounts for 50%
share of total inbound trips, plunged by -8%.
Arrivals from Singapore were effected due to floods, which also impacted arrivals from Thailand, Brunei,
and Indonesia, who travel by road, in the first quarter, and the South East Asian haze from late August to
October end. A strong Singapore dollar and the availability of more holiday destination choices (such as
Japan) also caused a contraction in Singapore arrivals to Malaysia.

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Domestic trips totaled 77.3 million in 2015 and outbound trips stood at 11.4 million. Canadean expects
inbound trips to recover in 2016, fueled by weak Malaysian currency and the Malaysian tourism board's
promotional efforts. Over the forecast period (2016-2020), inbound trips are projected to grow at a
CAGR of 4.1% while domestic trips and international departures are expected at 6.4% and 6.2%
Tourism in Sabah, the third largest state in Malaysia, situated on the island of Borneo, which shares
borders with Indonesia and...