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The tourism sector contributes billions to the country’s revenue

8:27pm 06/11/2015 Ann Vivien 3 views Business,National

 

Tourism-Malaysia-Logotourism

KUALA LUMPUR: The tourism sector contributes revenue of RM151.7 billion to the Gross Domestic Product (GDP) last year, according to the Department of Statistics Malaysia.

The department said the amount was the Gross Value Added Tourism Industries which was boosted by the retail trade industry, food and beverage and accommodation.

According to the 2014 statistics, Malaysia welcomed 27.4 million tourists.

“Inbound tourism expenditure last year increased to RM80.1 billion compared with RM73.4 billion in 2013. Domestic tourism expenditure registered RM55.5 billion last year compared with Outbound Tourists expenditure of RM32 billion,” said the department.

The figures were contained in the Tourism Satelite Account, 2010-2014, which was released by the department in a statement, today.

According to the department, last year the employment growth saw 2.6 million people offered employment in the tourism industry in the food & beverage serving services and retail trade.- BERNAMA

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