US$24.5 Billion Hit to Tourism Industry in Malaysia

Last week we reported on the US$23 billion impact of Covid-19 on tourism in Vietnam. Now we see the impact in Malaysia.

Nancy Shukri, Tourism, Arts and Culture Minister for Malaysia. has said that the cost for Malaysia is likely to be US$24.5 billion (£18.5 billion, RM$100 billion) in 2020.

“We’ve already lost RM45 billion earlier this year, from January to June.”

Nancy Shukri, Tourism, Arts and Culture Minister

She also announced a number of initiatives have been launched to boost domestic travel while the country waits for a time when international tourism can be restarted effectively.

The programme will include rebate vouchers for hotel stays, a “Cuti-Cuti Malaysia” campaign with a number of airlines to increase internal flights.

Tourism Malaysia has said that there has been a 78.6% fall in tourist arrivals in the first 9 months of 2020 compared to the same period in 2019.

According to Tourism Malaysia just 4.29 million tourists entered the country compared to 20.1 million last year. The fall represented a drop in revenue of 81%.

“The continued decline in the number of arrivals is due to the closure of international borders since March 18, which is a part of the government’s proactive decision in its efforts to curb the spread of the pandemic in Malaysia”

Tourism Malaysia

The impact of Covid-19 on tourism throughout Southeast Asia has been massive. According to the United Nations World Tourism Organization, Cambodia, Malaysia, The Philippines, Singapore and Thailand all have High or Considerable Tourism GDP figures, the amount of GDP that comes from tourism and associated activities.

Tourism organisations in Malaysia have recently warned that the industry will be decimated if it does not re-open soon. In Thailand there are increasing concerns that the industry will not be able to return to significant numbers until 2021 at the earliest.

Picture credit Mahmud Ahsan on Unsplash

Advertising and affiliate links help to support this site. We never tailor content to encourage sales with a particular company. We only partner with organisations who we believe provide a good service or product. Thank you.

Published by flyingdogtravel

Travel inspiration

5 thoughts on “US$24.5 Billion Hit to Tourism Industry in Malaysia

Leave a Reply

%d bloggers like this: