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Discontinuation of The Reduction Of Fixed Deposit Placement Based On Property Purchase And MM2H Approval By Government Pension
Kindly be informed that MM2H Centre has discontinued the reduction of Fixed Deposit placement based on property purchase worth RM1 million and above in Malaysia. Also discontinued is the MM2H...
Malaysia now eyeing wealthy Far East tourists Print E-mail
Tuesday, 17 August 2010 00:00
SHENZHEN: With an estimated 17 million tourists from China and Hong Kong having travelled overseas last year, Tourism Minister Datuk Seri Dr Ng Yen Yen wants Malaysia to capture a sizeable slice of this growing market, especially the luxury end.

Her latest promotion campaign to Hong Kong and southern China last week yielded some interesting results: there is growing interest in luxury tourism besides art and culture tourism and ecotourism among the well-heeled Chinese tourists. 

"The demand for luxury tourism has increased in the last few years, especially in China and Hong Kong, as many of their travellers are looking for quality holidays rather than cheap products with poor service.

They are often cash rich, time poor but demanding," she said at the end of her recent promotions.

Dr Ng said her ministry recognised the growing importance of high net worth travellers wanting to experience luxury during their travels. 

"We must build ourselves up as the beauty of Malaysia and our fascinating heritage allows us to offer a diversity of products such as golfing, spa retreats as well as art tourism."

Dr Ng said luxury tourism meant that the tour packages must be above RM5,000 each with top-end accommodation, great food and exclusive activities.

As for feedback from travel and tour operators in Hong Kong and southern China, she said Malaysia stood a good chance of getting more tourist arrivals from Hong Kong and China this year. 

In addition to the luxury segment, Dr Ng said Malaysia also hoped to attract tourists from Hong Kong and China in senior citizens tours, ecotourism, shopping, food and homestay packages.

"Besides tourism packages, we also hope to attract investors from China to invest in tourism-related products like restaurants or invest in property through the 'Malaysia, My Second Home' programme." 

As a first step towards creating greater awareness among tourists in Hong Kong and China in the art segment and to further position Malaysia as a tourism hub, she said Malaysia would take part in the Hong Kong International Art and Antiques Fair at the Hong Kong Convention and Exhibition Centre from Oct 3 to 6.

Dr Ng also hoped that the on-going 1Malaysia Contemporary Arts Festival and Malaysia Mega Sale Shopping Carnival and a food festival from October until December would attract more tourists.

Tourism brought in about RM52 billion to the nation's coffers last year from 23.65 million tourist arrivals. 

For this year, the target is RM54 billion in receipts from a projected 24 million in visitor arrivals. 

Malaysia was also one of seven countries to have achieved positive growth in tourist arrivals last year when the rest of the world experienced a four per cent cent decline, largely because of the global economic crisis and H1N1 influenza pandemic.

Describing her promotion as successful, Ng added: "We have achieved what we wanted to achieve, which is promoting art tourism, as we had met the right people involved in the industry here to inform them that the Malaysian government is keen to develop art tourism." -- Bernama


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