Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
KUALA LUMPUR, June 28 (Xinhua) — Despite the gloomy economic outlook, Hong Leong Investment Bank predicts that Malaysia’s tourism growth will remain unchanged, driven by a significant influx of Chinese tourists.
The research house said in a report released on Thursday that Malaysia’s tourism performance in the first quarter was strong. Tourist arrivals and revenues rose 10 percent and 24 percent year-on-year to RM6.4 million and RM27.5 billion (US$6.5 billion), respectively, while average expenditure per tourist rose to RM4,300.
“This may be due to the sharp increase in the number of Chinese tourists in the first three months of this year (up 27 percent year-on-year),” the report said.
Malaysia has set an ambitious tourism target for 2025: to welcome 31.3 million tourists and generate RM125.5 billion in revenue, which would translate into year-on-year growth of 25 percent and 23 percent, respectively.
In its report, Hong Leong Investment Bank highlighted that Chinese tourists tend to stay longer in Malaysia and spend more. –0–