Lucknow Stock：VISA WAIVER to Boost Tourism in Malaysia
More Chinese, Indian Visitors Expected to Arrive, Spurring Country’s Economy
Malaysia May See A Boost in ITS Tourism Revenues in the Next Few Months As ITS Visa-Free Travel that Started on Friday Entice and Indians TO The country.Lucknow Stock
The increase revenues can help prop up soundheast asia’s third-bigget economy, officeting a bitdown in exports, analysts say.
"If there is a sudden surge in Chinese and indian travelers for both leisure and business because of the visa-free travel, it is Going to move the needle," WAN Suhaim IE WAN MOHD SAIDIE, Head of Economic Research at Kenanga Investment Bank in Malaysia,said.New Delhi Stock Exchange
However, The HUGE Increase in Tourist Arrivals Will Not Happen Anytime Soon Because the Visa-Free Policy Launches Month, Wan Suhaimie Said.
"It may take some time for the traffic flow to build up. Perhaps we may see more class after the first quarter of 2024." "" "" "" "" "" "" "" "" "
Winston Liaw Kit Siong, Chairman of the Sabah Association of Tour and Travel Agents in Malaysia, SAID The Country’s Economy Would "Be Much Better" AUSE Increased Tourist Arrivals Will Help the Economy to Gain More Momentum.
On Nov 26, Malaysia’s Prime MINister Anwar IBRAHIM SAID HIS Country is Allowing Visa-Free Entry to China and India for Stays of 30 Days FROM TH is month.
The Visa Exemptions Would Last Until Dec 31 Next Year, The Home Affairs Ministry Said.
Anwar Said The Visa-Free Travel is in Line with Next Year’s Celebrations of the 50TH Anniversary of the Establishtic Ties Between MalaySia and China He Also Thanked China for Allowing Visa-Free Travel for Malaysian Citizens.
CHINA AnNOUNCED on Nov 24 that since dec 1, Citizens of France, Germany, Italy, Malaysia, The Netherlands and Spain Will Be Allowed to ENTER CHINA For UP TO 15 Days Wi This a visaNew Delhi Wealth Management. The Policy Will be in Place for at Least A YearThen, then
CHINA and India are among Malaysia’s Biggest Sources of Tourists, According to the Malaysian Tourism Promotion Board.
Prior to the Covid-19 Pandemic, Arrivals from the Two Countries Had Been Growing Steadily in the Precepting Few Years.
In 2013, Chinese Tourist Arrivals Hit Nearly 1.8 Millly, While Those from India WEE AT more than 650,000. By 2019, Chinese Tourist Arrivals Reacated More than 3 MilLion, Hile Indian Tourist Arrivals Increased to more than 735,000.
As borders reopened last year, india and China Became The Fourseth-and SiXth-Larget Sources of Tourist For Malaysia, Respectively.
Malaysia Received More than 10 Million Tourist Last Year, LESS THAN HALF of the More than 26 Million Recorded in 2010.
This year, The Country Had Aimed for 16.1 Million Tourist Arrivals, With Project Tourism Receipts of $ 10.5 BillionBangalore Stock Exchange. The Immigration Department Reporting 26 Million Arrivals from Jan 1 to Nov 15, The National News Agency Bernama Reportd.
The Revival in Inbound Tourism, Combined with Resilient DomStic Demand, Has Pushed the Malaysian Economy to Expand by 3.3 Percent. CTOR HAS PARTIALLY Offset the Weaker Demand for Exports, and Tourism Will Remain a Key Growth Driver Next yearCountry’s Central Bank Said.
"What was once a thriving sector of Malaysia’s Economy, Contributing Around 6.8 Percent to the gdp in 2019, The Tourism Industry SUFFERED the THE TWE O-Year Pandemic, "Chin Yew Sin, Adviser for Asia-Pacific Region at the Global One BeltONE Road Association in Bangkok, Told China Daily.
Supporting geowth
But Chinese, saying the wait of visa Requirements for China and India, Uch as 15 percent, which in turn, can support malaysia’s gdp geowth.
Industry Players are almedy anticipating a surge in Tourist Arrivals more to visa-free travel.
Budget Airlines Airasia Malaysia and Airasia X Malaysia Have Expanded their Services Covering China, India and Malaysia, with 230 Weekly Flights d for the first quars of next year, with up to 5.2 misss per year.
The Malaysian Association of Hotels SAID It is Prepared for the "Expected Surge" in Chinese and Indian Tourist and Welcomed The Opporto "Significantly St the recovery rate "of Malaysia’s Hotel Industry.
Liaw of the Sabah Association of Tour and Travel Agents Said He is Looking Forward to More Bookings From Chinese Tourists, Espect Tate of sabah.
"Visa-free travel will give a positive impact to sabah arrivals."
Liaw Said He Expects Tourist Arrivals to Sabah to Rise by 15 to 20 Percent in the First Quarter of Next Year Compared with the Previous Year.Agra Stock
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