tourism

Future Of Travel, Tourism & Hospitality Industry

By November 1, 2018 No Comments

Tourism is one of the world’s largest economic sectors. Travel & Tourism creates jobs, drives exports, and generates prosperity across the world. Over the decades, tourism has experienced continued growth and deepening ‎diversification to become one of the fastest growing economic sectors in the world. ‎Modern tourism is closely linked to development and encompasses a growing number ‎of new destinations. These dynamics have turned tourism into a key driver for socio-‎economic progress.‎

Today, the business volume of tourism equals or even surpasses that of oil exports, ‎food products or automobiles. Tourism has become one of the major players in ‎international commerce, and represents at the same time one of the main income ‎sources for many developing countries. This growth goes hand in hand with an ‎increasing diversification and competition among destinations.‎

Tourism industry in Malaysia ranks 35th in the international tourism market. Travel and tourism associated activities are expected escalate to yield profits of 33.6 billion in the year 2007. Tourism industry in Malaysia is assumed to rise by 4.5% in the year 2007. This figure is likely to go up by 6.6% every year. Opportunities in employment is ascertained to attain a figure of 1217000 thereby contributing 11.6% of total employment. Programs and projects undertaken to take Malaysian tourism to great heights. Many projects and programs are undertaken by the Malaysian Government to promote the Tourism industry in Malaysia.

Malaysia is a beautiful country as it has many things to offer. From a variety of foods to different ethnics and cultures, it gives pleasure and satisfaction to anyone who experience it. We live together within different ethnic groups under one roof yet we manage to maintain peace and harmony. Apart from that. tourism industry in Malaysia is an important foreign exchanges earner which contributing to the economic growth, attracting more investment as well as increasing the job opportunity.

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