The forecast for inbound tourism expenditure of excursionists in Malaysia for 2024-2028 shows a consistent year-on-year increase. From an expenditure of 3.22 billion Malaysian Ringgits in 2024, it is projected to grow to 3.66 billion Malaysian Ringgits by 2028. This positive trend reflects strong growth momentum, indicating favorable economic and tourism conditions in Malaysia.
When examining year-on-year variation:
- 2024 to 2025: Approximately 3.4% increase
- 2025 to 2026: Approximately 3.3% increase
- 2026 to 2027: Approximately 3.2% increase
- 2027 to 2028: Approximately 3.1% increase
Given the data, the Compound Annual Growth Rate (CAGR) over the next five years is around 3.25%, indicating a steady and sustainable growth pattern.
Future trends to watch for include potential external economic shocks and domestic policy changes influencing tourism policies. Additionally, technological enhancements in tourism infrastructure and the emphasis on eco-tourism may further boost inbound tourism expenditure.
