Our new research report, “Opportunities in Malaysian Tourism Industry (2007-2009)â€, says that international tourists arriving in Malaysia are expected to increase their expenditure at a CAGR of 6.63% during 2008-2012.
Malaysia is an excellent place for both international and local shoppers as it offers a wide range of products at competitive prices, says the report. Moreover, Malaysia has massive shopping malls and hypermarkets, ethnic stores, duty-free shops and exclusive boutiques that can help it becoming the most preferred shopping destination in the region. According to a survey conducted by Shopping Malaysia Secretariat, a division of Tourism Malaysia, in 2006, Malaysia was ranked as one of the top shopping destinations in the region after Singapore, Hong Kong, Dubai and Tokyo.
The biggest attraction of the year for international shoppers is the Malaysian Mega Sale Carnival, an event organized by the Malaysian Tourism Ministry, Tourism Malaysia and the Shopping Malaysia Secretariat. The event – that lasts for one month and held twice a year – showcases promotions, bargains and discounts of up to 70% on a broad range of products, services and brands at shopping malls and complexes around the country.
The increase in flow of tourists to Malaysia in the past few years is because of aggressive marketing and promotional campaigns by the Tourism Malaysia. One such campaign “Visit Malaysia Year 2007†was launched last year to attract domestic as well as overseas tourists. Such promotional activities are expected to escalate the number of tourists to over 20 Million by the end of 2008.
According to our report, it was estimated that around 23.4% of tourist receipts in 2006 came from shopping, and Singapore, Thailand, Brunei and Indonesia are main tourists target for Malaysia from shopping perspective.
“Opportunities in Malaysian Tourism Industry (2007-2009)†provides exhaustive information on the present and future prospects of the Malaysian tourism industry. It thoroughly studies different parameters of the industry, such as inbound & outbound tourism, expenditure, inbound & outbound tourists, accommodation & transportation facilities and medical tourism.
The report also provides forecast on tourist arrivals, tourist arrivals by country, outbound tourism expenditure, outbound tourists and tourism receipts. It helps clients to identify opportunities and factors critical for the success of the industry.
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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.
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