Malaysia at a glance
Corporate expenditure on travel to, from and within Malaysia amounted to US$36 billion (more than 145 billion Malaysia ringgit, or MYR) in 2018. Inbound travelers account for two-thirds of total spending. Malaysians traveling abroad on business account for a further 24%, leaving domestic travel with a 9% share. From 2013 to 2018, overall spending grew just 1% a year, on average. Average annual spending contracted 0.5% for on inbound travel and expanded 2.7% for outbound trips. Domestic travel bucked the trend, growing 14% per year. Corporate travel spending is expected to accelerate 5% through 2023, as international trips pick up.
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