The tourism consumption of passenger transport services in Malaysia witnessed significant fluctuations over the past decade. In 2023, the value peaked at 25.4 billion Malaysian Ringgits. Following the impact of the COVID-19 pandemic in 2020, there was a substantial rebound, with a 22.27% year-on-year increase from 2022 to 2023. The last five years (2018-2023) saw a Compound Annual Growth Rate (CAGR) of 3.91%. Moving forward, the forecast predicts a steady growth rate averaging 2.21% annually over the next five years, culminating in a total growth of 11.57% by 2028.
Future trends to watch for include:
- The impact of digital transformation on travel logistics.
- Sustainable tourism practices and their influence on transport services.
- Potential shifts in regional travel dynamics post-pandemic recovery.
