In 2023, domestic tourism expenditure of visitors in Malaysia was valued at 113.00 billion Malaysian Ringgits. From 2024 to 2028, a steady increase in this expenditure is forecasted: 119.22 billion in 2024, 125.71 billion in 2025, 132.13 billion in 2026, 138.49 billion in 2027, and 144.78 billion in 2028. Year-on-year variations show a consistent growth, with percentages at approximately:
- 2024-2025: 5.44%
- 2025-2026: 5.10%
- 2026-2027: 4.82%
- 2027-2028: 4.53%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is projected to be around 5.07%, indicating a robust upward trend in domestic tourism expenditure.
Future trends to watch for include shifts in consumer preferences towards more sustainable and eco-friendly tourism options, the impact of technological advancements on travel experiences, and potential economic or political factors that may influence domestic travel spending patterns.
