Forecast: Tourism Employment in Malaysia

Tourism employment in Malaysia has shown a steady growth from 2013 to 2023, rising from 2.68 million to 3.88 million persons. The actual data illustrates consistent increases, with noticeable drops only in 2020 due to the global pandemic. Year-on-year variations indicate fluctuations with significant growth in early years and stabilization later. In 2023, the tourism employment stood at 3.88 million persons, marking a modest growth trend.

From 2021 to 2023, the year-on-year variations were 4.13%, 3.89%, and 3.71%, respectively. The average annual growth rate (CAGR) over the last five years up to 2023 was 2.25%, reflecting a modest but steady rise in tourism employment.

Future trends to watch for include:

• Continued recovery and growth post-pandemic.
• Potential emerging markets and tourism initiatives.
• Impact of economic conditions and policy changes.