Malaysia's Tourism Industry Grows 10.3 Per Cent In 2023

2024-09-12 11:30:16

(MENAFN- IANS) Kuala Lumpur, Sep 12 (IANS) Malaysia's tourism industry grew 10.3 per cent year on year to 275.8 billion ringgit (63.65 billion US dollars) in 2023, official data showed Thursday.

The Department of Statistics Malaysia (DOSM) said in a statement that the growth was supported by all economic activities especially retail trade, country-specific tourism services, food and beverage serving services.

Nevertheless, activity economy namely accommodation services, cultural, sports and recreational services as well as travel agencies and other reservation services still remained below the 2019 pre-pandemic levels, Xinhua news agency reported.

According to the statement, the tourism industry contributed a share of 15.1 per cent to Malaysia's gross domestic product in 2023.

"The favourable performance of Malaysia's tourism industry in 2023 was influenced by stronger demand from internal tourism expenditure which consists of inbound and domestic expenditure," it said.

MENAFN12092024000231011071ID1108667428

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.