Published on : Wednesday, January 25, 2017
As per a report from Future of Outbound Travel in Asia-Pacific (2016 to 2021), Malaysia is all set to record the highest ratio in outbound travel in relation to the total number of households with 198.7 per cent by 2021 from 178.4 per cent in 2016.
A recent Future of Outbound Travel in Asia-Pacific (2016 to 2021) report by Mastercard revealed that Malaysia is the highest among emerging markets and fourth highest after Singapore, Hong Kong and Taiwan.
International outbound travel trips by Malaysians were 11.9 million in 2016 and are expected to grow by an average of 3.5 per cent per year to reach 14.2 million trips by 2021.
“About 46.1 per cent of outbound trips are by Malaysian households earning above US$30,000 (US$1 = RM4.43) per annum in 2016, an income range that accounts for 24.4 per cent of all households.
“This put the concentration ratio at 1.9, second lowest among higher income households of emerging markets after Thailand at 1.8,” the report said.