Malaysia targets 114 billion ringgits in revenue from tourism

Malaysia expects to welcome 31 million tourists in 2017, raking in 114 billion ringgits (25.61 billion USD), said Tourism and Culture Minister Mohamed Nazri Aziz.

Friday, March 03, 2017 14:54

Malaysia targets 114 billion ringgits in revenue from tourism ảnh 1

Illustrative image (Source: travelweekly-asia.com)

Kuala Lumpur (VNA) - Malaysia expects to welcome 31 million touristsin 2017, raking in 114 billion ringgits (25.61 billion USD), said Tourism andCulture Minister Mohamed Nazri Aziz.

The tourism sector targets to attract 36 million tourists and earns 168 billionringgits in revenue by 2020.

The sector showed a sign of recovery with positive growth in tourists’ arrivalsand receipts in 2016, according to News Straits Times.

In2016, Malaysia welcomed approximate 26.7 million tourists, up 4 percent, mainlyfrom Singapore, Indonesia, China, Brunei and Thailand.

“The tourist receipts for 2016 were 82.1 billion ringgits and this shows anincrease of 18.8 percent compared to 69.1 billion ringgits in 2015,” the paperquoted the minister as saying.

The tourists’ spending on shopping in Malaysia alsoshowed a positive increase of 20.3 percent to 26 million ringgits compared to2015, he added.-VNA

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