(MENAFNEditorial)
The Malaysia tourism report examines a range of key indicators for this rapidly expanding market in the midst of the highly competitive Asia Pacific region. We are forecasting healthy growth in inbound and outbound travel throughout our forecast period to 2018 leading to high rates of tourism related expenditure and a steadily improving industry value. Along with domestic economic growth this indicates a very positive potential investment environment.
Malaysia was targeting arrivals of 28mn in 2014 - we expect that the country will fall a little short at 27.1mn though this is still healthy growth of 5.2% compared to 2013 arrivals. The government is highly supportive of tourism and is targeting annual arrivals of 36mn by 2020 (with tourism related income of MYR168bn). Effective marketing campaigns are raising the country's global profile including the new '2015 Year of Festival' which will highlight a range of cultural events over the months to come. Malaysia is also actively courting arrivals from key market China and is considering waiving visa requirements for groups of Chinese tourists. An easing of visa regulations is also being considered for members countries of the Organisation of Islamic Cooperation.
Full Report Details at
- http://www.fastmr.com/prod/941503_malaysia_tourism_report_q1_2015.aspx?afid=101
China and several other Asia Pacific countries currently dominate arrivals to Malaysia. The country benefits from a multitude of regional travel connections across road rail and air travel and is a relatively affordable destination in the area. Arrivals from all areas are expected to increase throughout the forecast period and we expect annual arrivals to increase from 28.5mn in 2015 to 33.8mn in 2018 - though we note Malaysia remains vulnerable to a global economic downturn.
Malaysia's domestic economic outlook is positive with robust GDP growth of around 4% per year expected over the next few years. At the same time private financial consumption is on the increase and we are seeing greater volumes of outbound travel. Most are destined...
The Malaysia Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport reason for travel origin and destination; and the accommodation market.
BMI's Malaysia Tourism Report provides industry professionals and strategists corporate analysts associations government departments and regulatory bodies with independent forecasts and competitive intelligence on the Malaysian tourism industry.
Key Benefits
* Benchmark BMI's independent tourism industry forecasts for Malaysia to test other views - a key input for successful budgetary and planning in the Malaysian tourism market.
* Target business opportunities and risks in the Malaysian tourism sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Malaysia.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverage
BMI Industry View
This contains a synopsis of our forecasts and any changes together with an overview of key trends and developments in the tourism industry and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects new hotel developments and acquisitions.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the tourism sector and within the broader political economic and business environment.
BMI Industry Forecast Scenario
Forecasts to end-2018 for all key indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecasts:
Inbound tourism: Arrivals (‘000) arrivals growth (% y-o-y) arrivals by region growth (% y-o-y) arrivals by country growth (% y-o-y) top 10 countries based on arrivals growth (% y-o-y).
Outbound tourism: Departures (‘000) growth (% y-o-y) departures by regional destination (‘000 and growth % y-o-y).
Travel: Methods of travel for arrivals (Air Ship Rail) (‘000) and (% growth y-o-y) international Tourism receipts for transport (US$bn) (growth % y-o-y) international Tourism receipts for travel items (US$bn) (growth % y-o-y).
Hotels: Hotel industry value (US$bn) (growth % y-o-y) (%GDP) (per capita) (per employee) number of hotels and like establishments (‘000) (growth % y-o-y) total overnight stays (‘000) (growth % y-o-y) length of stay occupancy rate (%) number of hotel rooms (‘000) (growth % y-o-y).
Industry Risk Reward Rankings
BMI’s Tourism Industry Risk Reward Rankings provide a country-comparative Risk Reward Rankings index aimed at investors (tour operators tourism infrastructure investors financial institutions) in the regional tourism market.
The rankings methodology makes sophisticated use of over 40 industry economic and demographic data points.
We also have Security Risk Reward Rankings which provide a detailed assessment of possible threats to the country (and by extenuation to the tourism industry) ranging from economic and political upheaval to terrorist attacks and organised crime levels.
Market Overview
This contains a comprehensive overview of the tourism industry in the country its overall value the value of its hotels industry trends in the hotels industry and any new developments. It also contains an evaluation of the top 10 global hotel groups’ presence in the country which brands are present in which cities the number of hotels and any planned developments and strategies. The Market Overview also considers the tourism infrastructure developments in the country in particular transport infrastructure projects such as ports and airports. Tables are also included from our regularly updated Key Projects Database which contain details of projects their value the time frame their current status the companies involved and their estimated completion dates.
Company Profiles
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