In 2023, the revenue in the hotels market in the accommodation industry in Malaysia was estimated to reach around 1.22 billion U.S. dollars, an increase compared to the previous year. Statista Mobility Market Outlook forecasted that the revenue will continue to increase from 2024 and reach more than 1.5 billion U.S. dollars by 2029.
Revenue of the hotels market in Malaysia from 2018 to 2029
(in billion U.S. dollars)
Data provided by Statista Market Insights are estimates.
The Hotels segment includes hotels and professionally-run guest houses. These accommodations can be booked directly via the providers website, through a tour operator, a travel agency, an online travel agency (OTA), or by telephone. Well-known providers are Hotels.com, trivago, and Booking.com. The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. Users represent all hotel guests. The scope includes domestic and outbound travel.
Private accommodation and holiday flats, as well as private room and accommodation rentals that are booked via portals such as Airbnb are not included.
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Statista. (July 15, 2024). Revenue of the hotels market in Malaysia from 2018 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/forecasts/1381122/malaysia-hotels-market-revenue
Statista. "Revenue of the hotels market in Malaysia from 2018 to 2029 (in billion U.S. dollars)." Chart. July 15, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/forecasts/1381122/malaysia-hotels-market-revenue
Statista. (2024). Revenue of the hotels market in Malaysia from 2018 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/forecasts/1381122/malaysia-hotels-market-revenue
Statista. "Revenue of The Hotels Market in Malaysia from 2018 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Jul 2024, https://www.statista.com/forecasts/1381122/malaysia-hotels-market-revenue
Statista, Revenue of the hotels market in Malaysia from 2018 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1381122/malaysia-hotels-market-revenue (last visited November 05, 2024)
Revenue of the hotels market in Malaysia from 2018 to 2029 (in billion U.S. dollars) [Graph], Statista, July 15, 2024. [Online]. Available: https://www.statista.com/forecasts/1381122/malaysia-hotels-market-revenue
