Sunday, February 10, 2008

Malaysia 2nd most price competitive country in global tourism

KUALA LUMPUR: Malaysia has emerged as the second most price competitive country in the world in the travel and tourism (T&T) industry out of a total of 124 countries surveyed, says the Geneva-based World Economic Forum (WEF).

The WEF, often noted for its annual top-level meeting and discussions on current affairs and trends in Davos, Switzerland, also gave top marks to Malaysia’s participation at travel and tourism fairs and ranked the country at sixth position, which reflected the government’s strong commitment to promote the industry.

The WEF’s recently-released Travel and Tourism Competitiveness Report 2007 (TTCR) also applauded the government’s high priority to T&T as well as Malaysia’s good road, railroad, airport and port infrastructure, and its domestic travel network.

It hailed Malaysia’s good ground transport infrastructure and excellent price competitiveness in very low ticket taxes and airport charges, low comparative fuel prices and a favourable tax regime.

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