Visa fee waiver a boost to tourism, says RHB research

January 22, 2015 1:20 am 

KUALA LUMPUR, Jan. 21 — RHB Research Institute said it believes the visa fee waiver for tourists, including from China, announced by Prime Minister Datuk Seri Najib Tun Razak yesterday would boost tourist arrivals.

The research house said visa applicants could potentially save an average of RM50 per application.

"As of 9M14, both year-on-year and year-to-date recorded declines in average visitor spending, as a result of a decrease in china tourist arrivals, who are big duty-free spenders.

"We expect tourist arrivals to improve in 2015 as the impact from the 2014 incidents start to normalize," it said in a note today.

The government has budgeted RM316 million for the tourism industry to stimulate tourism receipts in conjunction with the malaysia Year of Festivals 2015. (PNA/BERNAMA)

LGI/CDN

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