City
Epaper

Malaysia's tourism industry grows 10.3 per cent in 2023

By IANS | Updated: September 12, 2024 20:45 IST

Kuala Lumpur, Sep 12 Malaysia's tourism industry grew 10.3 per cent year on year to 275.8 billion ringgit ...

Open in App

Kuala Lumpur, Sep 12 Malaysia's tourism industry grew 10.3 per cent year on year to 275.8 billion ringgit (63.65 billion US 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, Xinhua news agency reported.

According to the statement, the tourism industry contributed a share of 15.1 per cent to Malaysia's gross domestic product in 2023.

"The favourable 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.

--IANS

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

ThaneThane: TMC Prunes Over 2,700 Risky Trees Ahead of Monsoon to Prevent Rain-Related Accidents

BusinessExploring the Benefits of Women's Leadership and Development Programs

BusinessFrom Rs. 1 Crore Offer to Building a Creative Revolution: This IITian is Teaching India How to Edit

BusinessIndian Achievers’ Forum Hosts Webinar Exploring Data Privacy and Protection in a Digitally Connected World

ThaneThane: Six Bangladeshi Nationals Detained for Illegal Stay in Kalyan-Dombivli; 38 Held Since January

International Realted Stories

InternationalIran condemns US lethal airstrikes on Yemen

InternationalIndia Attacks Pakistan at UN Over Pahalgam Terror Attack, Says 'Fuelling Global Terrorism'

InternationalMeasles health alert issued for Australian state of Victoria

InternationalUKPNP condemns Pahalgam attack as "Crime against humanity"

InternationalPakistani military operation in Mastung triggers protests over abductions, raids