Malaysia’s tourism industry grows 10.3 pct in 2023

KUALA LUMPUR, Sept. 12 (Xinhua) — Malaysia’s tourism industry grew 10.3 percent year on year to 275.8 billion ringgit (63.65 billion U.S. 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.
According to the statement, the tourism industry contributed a share of 15.1 percent to Malaysia’s gross domestic product in 2023.
“The favorable 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. ■