What potential is there for development of the tourism and hospitality sectors outside of Malaysia’s traditional tourism centres?
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Articles & Analysis | Range of initiatives aim to attract discerning tourists to Malaysia from The Report: Malaysia 2016
Malaysia has long traded on its alluring mix of nature, tropical beaches, vibrant culture and modern cities to bring in tourists from the region and further afield; the multicultural country’s attractions summed up in its long-running “Malaysia, Truly Asia” advertising campaign. But as Malaysia’s neighbours refine their offerings, the country...
Articles & Analysis | Spa and wellness tourism on the rise in Malaysia from The Report: Malaysia 2016
These days more and more people are looking for an escape – from the demands of their everyday life and the pressures of work – and have the means to pay for a holiday that is not only about “getting away from it all”, but also restoring health and wellbeing. The global wellness tourism industry, which includes spas and more health-orientated...
Articles & Analysis | Malaysians choosing to staycation from The Report: Malaysia 2016
Domestic tourism has become an important component of Malaysia’s tourism industry over the past decade, as local incomes have increased, helping cushion the impact of any slowdown in international tourism. This segment is likely to play an increasing role in 2016, as the decline in the value of the ringgit makes overseas travel more expensive...
Chapter | Tourism & Culture from The Report: Brunei Darussalam 2016
Tourism operators in the Sultanate have experienced an eventful few years. A government reshuffle in late 2015 seemed aimed at increasing the focus on the tourism sector, lending hope to many private sector operators that the government would increase support for the growth and expansion of the industry. In tandem with this, however, the appreciation of the Sultanate’s dollar, which is pegged...
Commanding the second-highest GDP per capita of all ASEAN nations, at $40,979 in 2014, Brunei Darussalam remains one of the most advanced economies in the South-east Asian region. This is in large part due to the Sultanate’s well-developed energy sector; however, with oil and gas prices falling substantially from mid-2014, new efforts are being made to increase the efficiency of production and diversify the economy to ensure future stability and sustainability.