Industry experts say tourism fund allocation is perfect for 2020 target
Published on : Saturday, October 28, 2017
The tourism sector is rejoicing on the significant RM3.5 billion distribution to the industry in Budget 2018, explaining that the investment would assist the country to attain its goal of being a high-income country in the world.
Malaysia Inbound Tourism Association (Mita) Uzaidi Udanis explained that the distribution in terms of tourism would have a â€œhigh impactâ€ on the sector and prompt it to the process of attaining the targeted 36 million visitor arrivals and RM168 billion in revenue by the year 2020.
â€œThe timing is right and this will definitely put us on the right track. The government has realised that (tourism) is a main booster for our economy when they created this Budget. They (also) announced Visit Malaysia Year 2020 just in time for us to promote and campaign,â€ he said.
Among others, he praised the RM500 million allocations for the purpose of promotional efforts. This was a RM100 million growth from previous years.
The added finance was quite crucial to endorse Malaysia as a preferred tourist spot, he said while explaining these would eventually make the country competitive.
â€œThe increase for promotional activities is great and will make a difference for us. It is not cheap to participate in road shows and promote ourselves overseas.
â€œIt is an improvement. We need more but this is an improvement,â€ he said. Datuk Seri Najib Razak, the Prime Minister expressed yesterday that additionally RM2 billion fund for small to medium scale enterprises associated with the tourism with a subsidised interest rate of two percent, and RM1 billion for tourism infrastructure development has been proposed.
Tags: Industry experts say tourism fund allocation