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Build your passive income stream from tourism accommodation business

on July 17, 2018

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We’re seeing more and more travelers who can afford to stay at hotels, yet choose to stay at hostels for the social experience

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25.9 MILLION INTERNATIONAL TOURISTS VISITED MALAYSIA IN 2017

PUTRAJAYA, 29 MARCH 2018: In 2017, Malaysia received a total of 25,948,459 international tourists and recorded a 0.1% growth in tourist receipts, thus contributing RM82.2 billion to the country’s revenue. Meanwhile, the average length of stay (ALOS) in 2017 for foreign tourists decreased to 5.7 nights from 5.9 nights in the previous year. Although tourist arrivals dropped by 3%, in terms of numbers, Malaysia was the second most-visited South East Asian country after Thailand, which had 35.3 million tourists in 2017. The East Asia market showed a 6.3% growth, while other markets saw a decline, i.e. ASEAN markets dropped by -3.9%, Europe (-1.7%), Americas (-4.3%), Oceania (-5.4%) Central Asia (-6.4%), Africa (-7%), West Asia (-12.3%) and South Asia (-13.3%). ASEAN or the short haul market dominated with a 75.1% share of total tourist arrivals and brought a total of 19,478,575 tourists to Malaysia. The medium haul market share was 19.1% with 4,948,123 tourists, while the ...

Malaysia ranked 26th most competitive tourism destination by WEF

By FRANCIS DASS - April 6, 2017 @ 12:55pm KUALA LUMPUR: The World Economic Forum (WEF) has placed Malaysia in the 26th spot in its Travel and Tourism Competitiveness Report, the bi-annual benchmarking index measuring the relative health of 136 countries’ tourism sectors. The organisation said that although Malaysia's ranking dropped one place compared to 2015, the country effectively improved its travel and tourism competitiveness in absolute terms. "Malaysia remains an attractive destination thanks to its price competitiveness, its strong air connectivity and beautiful natural resources. The country also offers a conducive, enabling environment for doing business, which is supported by a strong human resources and labour market. “Malaysia has also improved in ICT readiness, tourism service infrastructure, and international openness," WEF said in its report. However, the WEF said that Malaysia’s business environment and investment in cultural resources ...

RM 5000 to own your tourism accommodation business

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Build your passive income stream from tourism accommodation business

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