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Malaysia Boosts Outbound Market

Category: Tourism, Posted:29 Mar 2012 | 06:00 am

Data from PATA (Pacific asia Travel Association) shows the outbound travel from Malaysia has now put the country in the number two position within ASEAN.
Singapore remains in pole position. In terms of top choices is the neighboring countries of Thailand, Singapore and Indonesia who rank in the Top 5. Malaysian market share to Southeast Asian countries is 62%, which has dramatically been stimulated by leading low-cost airline carrier AirAsia.
PATA is forecasting double digit growth this year from Malaysia to New Zealand, South Korea, Myanmar and Maldives (though given the current political climate the last destination may see less volume.)

Other News

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New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]
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Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]
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Inside the Numbers. The Potential of a Phuket Property Bubble

Category: Real estate, Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]
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