Topic > tourism industry - 1116

The tourism industry influences economic growth, i.e. the size and value of a national economy is normally expressed as the total value of all goods and services. Therefore, the tourism industry is perceived as contributing to the generation of foreign exchange earnings, employment and income. Furthermore, the growing economic importance of the sector had been aided by the high and growing number of international tourists. However, tourists coming to the country can have impacts and challenges that Malaysia's tourism industry faces. Tourist Arrivals and Tourism Revenue in Malaysia Arrival Revenue for the Year (RM) 2013 25.72 million 65.44 billion 2012 25.03 million 60.6 billion 2011 24.71 million 58.3 billion 2010 24.58 million 56 .5 billion20 09 23.65 Million 53.4 billion2008 22.05 million 49.6 billion 2007 20.97 million 46.1 billion 2006 17.55 million 36.3 billion 2005 16.43 million 32.0 billion 2004 15.70 million 29.7 billion 2003 10.58 million 21.3 billion 2002 13 .29 million 25.8 billion2001 12.78 million 24.2 billion2000 10.22 million 17.3 billion1999 7.93 million 12.3 billion1998 5.56 million 8.6 billion1995 7.5 million 9.2 BillionTable 2: Tourist arrivals and tourism receipts in MalaysiaSource: Tourism Malaysia (2014)Tourism is an increasingly important sector of the economy Malay. Tourist arrivals and receipts are commonly used measures in the tourism industry. The tourism industry has received benefits in its growth as a result of the rapid increase in tourism. From Table 1, tourist arrivals and tourism receipts in Malaysia are displayed, according to Tourism Malaysia (2014) indicated that tourist arrivals increased from 7.5 million in 1995 to 7.93 million in 1999. Tourism receipts also increased from 9.2 billion in 1995... .half of the document ......ct (GDP), including inbound and domestic tourism expenditure, reported that the share of domestic tourism consumption in GDP was by 11% in 2012 compared to 10.9% reported in 2011. The contribution of inbound and domestic tourism expenditure to GDP was 6.6 and 4.3% respectively. Tourism gross direct domestic product (TDGDP) is an international measure of the contribution of tourism to GDP, which is generated by the value of the part of the total value including net taxes on products and imports showed that the TDGDP was 46, 2 billion in 2011, increased by 49.4 in 2012 with a growth of 7.0% and the share of TDGDP in GDP increased from 5.2% in 2011 to 5.3% recorded in 2011. Furthermore, this table also indicates that the main contributors to the tourism industry are domestic tourism consumption and also inbound tourism expenditure.