Malaysia outbound travel ratio to be highest in Asia-Pacific by 2021

Published on : Wednesday, January 25, 2017

Malaysia outbound travelAs 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.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 AIME 2019
  • 03 AIME 2018
  • 05 ameistanbul 2019
  • 06 aviation-festival-asia 2019
  • 07 thehotelshowsaudiarabia 2019
  • 08 JTTX9 19
  • 10 Asia Pacific 2019
  • 10 Hotel Management Thailand 2019
  • 10 OTM 2019
  • 10 Routes Americas 2019
  • 11 Bar and Restaurant Investment 19
  • 11 Digital Travel 2019
  • 11 MALT 2019
  • 13 ATRTCM 2019
  • 13 Food Hospitality2019
  • 16 EMITT 2019
  • 16 IITM 2019
  • 17 AITF 18
  • 18 UITT 2019

TRAVEL INDUSTRY EVENTS

    1. Saudi Arabia Hotel Investment Conference

      January 22 - January 23
    2. OTM Mumbai

      January 23 - January 25
    3. CONVENTA

      January 23 - January 24
    4. FITUR 2019

      January 23 - January 27
    5. ITF SLOVAKIA TOUR 2019

      January 24 - January 27
Get our toolbar!
Review www.travelandtourworld.com on alexa.com