The share of tourism employment in accommodation services in Malaysia was 5.6 units in 2023. Over the past two years (2022-2023), the employment share decreased by approximately 3.45%. The compound annual growth rate (CAGR) over the last five years (2018-2023) indicates an average annual decrease of -1.89%. This negative trend is expected to continue with a forecasted further decline of -9.09% by 2028.
Future trends to watch for:
- Impact of technological advancements in the accommodation sector.
- Shifts in tourism patterns and consumer behaviors post-pandemic.
- Government policies aimed at revitalizing tourism employment.
