Faster recovery in tourist arrivals likely

For the full 2024, Maybank IB expects visitor arrivals to be about 10% below 2019 pre-pandemic levels.

PETALING JAYA: Malaysia is expected to see a faster recovery in tourists arrivals in 2024 as compared to some neighbouring countries, according to Maybank Investment Bank (Maybank IB) Research.

In a report on the Asean tourism sector, the research firm forecasts total visitor arrivals to Asean-6 (comprising Indonesia, the Philippines, Singapore, Thailand, Vietnam and Malaysia) to grow by about 27% in 2024, recovering to 98% of pre-pandemic levels by year-end.