Tourism in Malaysia

Tourism plays an important role.

The Malaysian government’s has a serious commitment to growing the local economy and has helped to increase tourist arrivals to an estimated 21.5 million in 2008 with anticipated gross receipts of MYR 49 billion -which will contribute 7.2% to nominal GDP. By 2010, the number of visitors to Malaysia is predicted to grow to 24.6 million, generating receipts of RM59.4 billion and providing 520,700 jobs.

The Government continues to encourage the Malaysia property market by promoting the Malaysia My Second Home (MM2H) programme. From its start in 1996 up to end-2006, this programme has attracted 9,551 foreigners, including 1,049 Britons.

Over 45 international airlines fly into the Malaysia while national carrier Malaysia Airlines has an international network that spans six continents including flights for KL to London twice a day.

Obviously visitors to Malaysia need good accommodation. and it’s no surprise that under supply of hotel and rental property in Malaysia has is a driving factor helping the spurred the growth of investment in hotel, resort and rental accommodations investments in Malaysia.

Investing in rental property in Malaysia also takes advantage of rising income levels of the Malaysian people and improved quality of life demands.

Domestic tourism also plays an important role in the overall tourism industry - so it is actively promoted to encourage a higher number of Malaysians to travel within the country.