In 2023, inbound tourism expenditure in Malaysia stood at 93.4 billion Malaysian Ringgits. The forecasted data from 2024 to 2028 shows a steady increase in tourism expenditure: 95.03 billion in 2024, 97.03 billion in 2025, 99.01 billion in 2026, 100.97 billion in 2027, and 102.9 billion in 2028.
Key observations:
- 2024-2025: Year-on-year growth is approximately 2.1%.
- 2025-2026: Year-on-year growth is approximately 2.0%.
- 2026-2027: Year-on-year growth is approximately 2.0%.
- 2027-2028: Year-on-year growth is approximately 1.9%.
- Last two years (2027-2028): Slight decline in year-on-year growth rate indicates a potential stabilization.
- 5-year CAGR: The average annual growth rate from 2024 to 2028 is approximately 2.4%.
Future trends to watch for include potential impacts of economic conditions, shifts in global travel patterns, and Malaysia's tourism policies. Monitoring these variables will be vital in refining long-term forecasts.
