Published on : Saturday, September 25, 2021
Like several other countries, the travel restriction to stop the virus spread has also impacted the tourism performance of Malaysia in 2020, the Department of Statistics Malaysia (DOSM) said in a statement.
As per DOSM, in 2020, the inbound tourism expenditure fell 84.6 per cent year on year to only 13.7 billion ringgit, reports Xinhua news agency.
Also, domestic tourism revenues dropped by 58.3 per cent on an annual basis to 38.6 billion ringgit.
As compared to 102 billion ringgit in 2019, the impact of the pandemic was reflected on the tourism’s direct gross domestic product, which dropped by 72 per cent to 28.5 billion ringgit.
Also, DOSM data showed that the tourism industry had generated 199.4 billion ringgit of gross value added of tourism industry in 2020 by contributing 14.1 per cent to Malaysia’s GDP.
Because of the restrictions of the government in economic activities to stop the virus spread, the GVATI had reduced in size 17.1 per cent year on year from 240.5 billion ringgit in 2019.