The forecast for inbound tourism expenditure of visitors in Malaysia shows a steady increase from 2024 to 2028. In 2023, the expenditure stood at 97.5 billion Malaysian Ringgits. The year-on-year variations indicate a consistent growth pattern, with values rising from 99.94 billion in 2024 to 109.36 billion in 2028. Specifically:
- 2024: 2.50% increase from 2023
- 2025: 2.39% increase from 2024
- 2026: 2.31% increase from 2025
- 2027: 2.24% increase from 2026
- 2028: 2.17% increase from 2027
The compound annual growth rate (CAGR) over the last five years is approximately 2.32%. This demonstrates a stable but modest growth trajectory in inbound tourism expenditure.
Future trends to watch for include potential impacts of global economic conditions, changes in tourism policies, emerging travel technologies, and shifts in consumer preferences towards sustainable and experiential travel options. Monitoring these factors will be critical for accurately forecasting and facilitating continued growth in Malaysia's tourism sector.
