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Tourism industry expansion a boon to hospitality sector

KUALA LUMPUR:  Malaysia's tourism industry's expansion can open up significant investment opportunities in the hospitality secto,Tourism Minister Datuk Seri Dr Ng Yen Yen said

She said more four-and five- star hotels were needed to support the country's bid to triple the industry's contribution to the country's gross national income (GNI) by 2020 under the Economic Transformation Programme (ETP).

She said the ministry was trying to encourage the creation of an inclusive industry which embraces and integrates all ranges and types of accommodation.

"Tourism infrastructure is mainly related to accessibility. Be they by air, ground or maritime, there must be good connectivity and ease of access. There must be a certain standard for accessibility as far as physical infrastructures are concerned," she said in an interview with Oxford Business Group (OBG) for it "The Report: Malaysia 2011".

OBG Malaysia Country director and editorial manager Daniel Moore said the report would mark the culmination of more than six months of on-the-ground research by OBG and prospects for foreign direct investments, macro-economics, infrastructures, political landscape, banking and sectoral developments.

"Our report will also provide coverage of the opportunities for investment in infrastructures recognised as the key component in Malaysia's bid to seal its reputation as a preferred tourism destination," he said in a statement.

"The Report: Malaysia 2011" will be produced in partnership with the Economic Planning Unit in the Prime Minister's Department and the Malaysian Investment Development Authority (MIDA).- Bernama

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