The Tourism Industry in Malaysia

Travel & Tourism is a vast industry, which is known to provide numerous facilities, to people all around the world. Travel & Tourism is quite imperative, for many economies to survive, since, some of their source of income is dependent on travel and tourism.

Hotels- the most important accommodation subsector which provide the greatest total employment within the tourism industry at the global

Tourism creates jobs directly through the tourism industry and indirectly in sectors such as retail and transportation. When tourist spend their money on goods and services,

Over the last 60 years, tourism has benefited from continuous growth and diversification, becoming one of the largest as well as the fastest growing world’s economic sectors. Tourism becomes one of the major categories of global trade in services. Nowadays, 7% of global goods and services exports are contributed by international tourism, and for the last four years, it has grown faster than the general global trade.[ Exports from international tourism rise 4% in 2015, (2016, May 6). Retrieved from http://media.unwto.org/press-release/2016-05-03/exports-international-tourism-rise-4-2015]

Last year, Scotland exported € 26.6 billion of goods and services annually, of which a large majority to the United States. Exports of food and beverages accounted for 5.9 billion euros. Meanwhile, Scotland matter

Tourism plays a vital role in economic development in most countries around the world. The industry has not only direct economic impact, but also significant indirect and influential impacts. There is agreement among experts that the travel and tourism sector is the fastest growing of global economy. According to the latest UNWTO World Tourism Barometer, international tourism receipts surpass US$ 1 trillion in 2011, growing about 3.8%up from 2010 (WTO, 2012).

A direct economic contribution of tourism to the Australian economy is generated where a direct physical or economic relationship exists between the visitor and producer of goods and services. The immediate expenditure of the visitors is primarily focus on direct contribution. The indirect contribution of tourism comes from other industries that are in one way or another connected to the tourism sector. This sectors include but not limited to; agriculture, transport, health care etc (Ap & Compton 1993).

Tourism is one of the world’s fastest-growing industries and businesses, employing 7.4 million people in the United States with a payroll of $183 billion, and federal, state, and local tax revenues of $113 billion. Tourism contributed $704 billion to the United States economy in 2009. Tourism is the third largest industry in Texas, directly supporting 500,000 jobs and indirectly supporting 419,000 jobs. In San Antonio alone, the tourism industry employs more than 113,000 workers who annually generate $12.2 billion dollars back into the local economy. Tourism is one of San Antonio’s largest industries.

The tourism industry plays a large part in the Costa Rican economy, directly and indirectly. Because of the biodiversity and conservationist areas, the two coastlines totaling 1290 km, and the temperate climate, Costa Rica is a frequent destination for eco-tourism. 64% of the Costa Rican labor force is employed in services industry, many of that falling under tourist services, and many restaurants and hotels located in tourist towns. Of that workforce, 40% is directly employed by the tourist industry, 39% indirectly, and 21% induced. In 2016, 2.6 million tourists visited Costa Rica, spending approximately 3.4 billion USD. The combination of direct and indirect contribution of tourism on the national GDP totaled 17.3 percent.

International tourism formed a vital industry globally and tourism activities generated approximately US $ 3.6 trillion in 2000 (Sadi & Henderson, 2015). Increase in expansion rates heightened the international arrival rates by a mean of 4.3% between 1996 and 2006 (Burns, 2016). Mainly, developing nations form the forefront contributors of such upward trend. That was prompted by positive economic impacts, which included income, foreign exchange, and internal investments. Tourism was also a catalyst for the national growth and diversification means because of some of its disadvantages as a driver for economic development. According to Henderson (2013), it was responsible for 19% of exports in the developing world and at least 40% of the gross domestic product. Besides, Rimmawi and Ibrahim (2015) stated that more than 65% of jobs in developing nations were associated with tourism.

Tourism is the world’s largest and fastest growing industry and can be defined as the totality of the relationship and phenomenon arising from travel and education purposes of people, provided the stay does not imply the establishment of a permanent residence and is not connected with remunerated activity. While it may boost a country’s economy, doubts about the overall benefits of tourism are reinforced by the belief that tourism brings adverse social and cultural effects. As an industry, it may be have several impacts on a country, both good and bad.

The objective of this study is to examine the primary tourist destinations for the world and to examine the tourism receipts generated by these specific destinations. Toward this end, this work will review the recent literature published reporting on tourist destinations.

According to statistics, tourism generates more than three point five trillion dollars in revenue worldwide. Eighteen million American are employed in travel and tourism related jobs. In America one out of every ten people are employed in travel. Travel and Tourism has generated ninety nine point five billion in revenue for federal, state and local governments.

Figure 1 above presents some data regarding the visitor arrivals of Taiwan tourism for the last decade.

Malaysia has documentation of more than 20% expansion in medical tourism over the recent 3 years and it produced millions of revenue this year. There are lots of reasons of expansion of medical tourism in Malaysia. Some are as under: