The country's tourism receipts recorded a drop of 71.2 percent to RM52.4 billion in 2020 compared to RM182.1 billion in 2019, according to Chief Statistician Mohd Uzir Mahidin. He said 2020 is the second year that domestic tourism receipts exceeded the inbound tourism receipts with a contribution of 73.8 percent or RM38.6 billion.
“Simultaneously, outbound expenditure for last year recorded a decrease of 61.7 percent amounting to RM17.1 billion,” he said in a statement in response to the Tourism Satellite Account 2020 findings announced by the Department of Statistics Malaysia (DOSM).
Throughout 2020, Uzir said the tourism industry had generated RM199.4 billion of Gross Value Added of Tourism Industry (GVATI) by contributing 14.1 percent to the Gross Domestic Product (GDP).
Uzir said the direct tourism contribution to the national economy was severely affected, with a decrease of 72 percent, but employment in the industry declined at a lower rate of 2.9 percent as the government introduced the Salary and Wage Subsidy initiative to ensure tourism operators could retain their employees. He said overall, the tourism sector in 2020 was still able to absorb the substantial pressure from the weak demand as consumption in non-tourism activities helped moderate the effects of Covid-19 on the national economy as reflected through the performance of GVATI.
Uzir said at a global level, the World Tourism Organization (UNWTO) predicts that the tourism sector will return to pre-pandemic performance in 2024, largely driven by domestic tourism activities. And digitalisation is the way forward. Could we suspend the NEP requirements for now?
Source:
https://www.studymalaysia.com
Reference:
Tourism receipts drop 71/2 pct to RM52.4b last year: Chief statistician, Bernama, September 23, 2021
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