The domestic tourism expenditure of excursionists on passenger transport services in Malaysia has shown significant fluctuation from 2013 to 2023. The expenditure stood at 0.64896 billion Malaysian Ringgits in 2023. Notable highs were observed in 2013 with 1.1 billion, followed by a sharp drop in 2014. The sector began to regain momentum from 2017 onwards, peaking again in 2019, before a drastic decline in 2020 due to global events, with a slow recovery process depicted from 2021 to 2023. The year-on-year variation for the last two years displays an upward trend, 17.88% in 2022 and 9.54% in 2023. However, the compound annual growth rate over the past five years presents a negative trend, indicating a slight decline in overall growth.
Future trends to watch for include the impact of global economic conditions, changes in consumer behavior post-pandemic, and increased government initiatives to boost domestic tourism. Additionally, advancements in transport infrastructure and technology could require further analysis as potential drivers for growth or decline in this sector.
