Tourism employment in passenger transport services in Malaysia has experienced various fluctuations over the past decade. After a modest increase in the early 2010s, the sector saw significant growth between 2015 and 2018. The year 2018 marked a peak with an annual increase of 5.42%. However, 2020 witnessed a notable decline by 6.82%, likely due to the impact of the COVID-19 pandemic. The sector began to recover in 2021 and 2022 with moderate year-on-year increases of 3.57% and 1.11%, respectively. In 2023, the employment figure stood at 174.9 thousand persons, demonstrating a slight increase of 1.10% from the previous year. The Compound Annual Growth Rate (CAGR) for the past five years was relatively stable at 0.42%.
Looking forward, the forecasted data indicates a trend of steady growth in the tourism passenger transport employment sector, with a projected CAGR of 0.82% over the next five years. The sector is expected to grow by approximately 4.19% during this period, reaching 184.1 thousand persons by 2028.
Future trends to watch for in the sector include potential fluctuations due to global economic conditions, changes in tourism policies, and advancements in transportation technology. Monitoring these factors will be crucial for accurately forecasting employment trends and making strategic decisions within the industry.
