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Malaysian Tourism Industry Skyrocketing with Contribution from India

Released on = June 6, 2007, 2:54 am

Press Release Author = Shushmul Maheshwari

Industry = Industrial

Press Release Summary = Malaysian tourism industry is proving to be an economy
driver for the country. It is receiving tourists from all over the world,
particularly India as disposable income of its citizens is rising stupendously.

Press Release Body = According to a recent report “Opportunities in Malaysian
Tourism Industry (2007-2009)” by RNCOS, it has been observed that Malaysia tourism
industry is growing by leaps and bounds in terms of both inbound and domestic
tourism. As per estimates, the total tourist arrivals in the country will grow at a
CAGR of over 6% from 2007 to 2011.

India accounts for a large section of the tourist arrivals in Malaysia. During
January to July 2006, global tourist influx in Malaysia shot up by around 5.5% (over
10 Million tourists) while the share of Indian tourists alone jacked up by over 19%
(over 0.15 Million). Due to this whopping number of tourist arrivals, India became
the ninth largest market for Malaysian tourism industry.

The Malaysian Tourism Board has revealed the figures of Indian tourists visited
Malaysia last year. According to these figures, 279,000 Indians went to Malaysia in
2006 and 400,000 are expected to visit this year. A survey of departing visitors
showed that Malaysia’s advancement, beauty, repute of being a shopping destination,
easy accessibility and safety alongwith multitude of tourist attractions, including
theme parks, golf courses, and eco-tourism offers value for money.

Arif Mohammed Noor, Tourism Director, Malaysia, reported that tourism industry is
the second largest contributor to the economy of Malaysia. “Given the large
disposable income of people in India and the growing urge of a holiday destination,
we are confident that the response from India will be tremendous”, said Mr Noor, as
reported by ASIA TIMES on May 4, 2007.

As per the RNCOS report “Opportunities in Malaysian Tourism Industry (2007-2009)”,
tourism is one of the most thriving industries in several countries around the world
and Malaysia is no exception. Malaysian tourism industry generates a significant
share of foreign exchange for the country (it is second only to manufacturing
sector). Because of the immense benefits the industry is giving to the country, the
Malaysian government is also committing its resources on its development. Since the
past 12 years, the industry has been promoting its tourism industry both at local
and international level through specifically engineered promotional campaigns.

The market research report provides a detailed analysis of tourist arrival (both
Intra and Extra ASEAN), inbound and outbound tourism, expenditure statistics,
medical tourism landscape, transportation, accommodation situation in the country,
etc.

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: http://www.rncos.com/Report/IM510.htm
Current Industry News: http://www.rncos.com/blog


Web Site = http://www.rncos.com

Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com

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