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>Industries>Services>Hospitality (Hotels and Tourism)

Hospitality
Sub-sector

The hospitality industry is known for its vital role as a significant catalyst of global economic growth in driving socio-economic development and job creation. Being the third largest component of the services sector, the tourism industry contributes 6% to Malaysia’s GDP and 23% of national employment or 3.5 million jobs (Source: DOSM,777 roulette free online ). Tourism activities generate multiplier effects towards the ecosystem of hotel businesses, tourist projects, retail businesses, restaurants and transportation services.

Nonetheless, the tourism sector is facing unprecedented challenges from the impact of the COVID-19 pandemic globally. The sector is gearing up for recovery with the expectation that the new normal includes a difference in the way people travel and view leisure. The implementation of the Movement Control Order and closure of borders to curb the pandemic have restricted the amount of tourist arrivals into Malaysia.,ultimate poker game

Only a handful of international tourists were recorded in 2020. Malaysia recorded a total of 4.33 million international tourists during January – December 2020, a significant decrease of -83.4% compared to same period last year. Tourists from Singapore recorded the highest arrivals with 1.55 million, a decrease of -84.8%, followed by Indonesia with 711,723 (-80.4%), China 405,149 (-87.0%), Thailand 394,413 (-79.1%) and India 155,883 (-78.8%). In terms of total expenditure, Malaysia recorded RM12.69 billion, a decrease of -85.3%,poker private room online

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(Source: MyTourismData Portal – Tourism Malaysia),real money slots no deposit

International and domestic tourists enjoy the country’s unique culture, food and melting pot of ethnicities while indulging in the natural biodiversity of sandy beaches, coral reef and rainforest. The country’s established network of infrastructure caters for a wide spectrum of travellers, from family to adventure-seeking backpackers.,download roulette casino online

Malaysia continues to garner industry accolades, winning Pacific Asia Travel Association (PATA) Gold Award 2020. In addition, Putrajaya, Penang & Kota Kinabalu won the Asean Clean Tourist City Standard Award (ACTCSA) during the ASEAN Tourism Forum (ATF), Brunei 2020 (Source: Tourism Malaysia). Malaysia is also ranked third among the most attractive countries for hotel investment in Southeast Asia, after Thailand and Singapore (Source: Knight Frank’s Malaysian Hospitality Investment Intentions Survey).,online slots for real money

While leisure travellers are not encouraged during the pandemic, Malaysia recognises the importance for businesses to continue its operations. Hence, among government initiatives to be pro-business and maintain public safety is the One Stop Centre (OSC) initiative. The OSC serves to ease the movement of Business Travellers by expediting their entry to do business in Malaysia. This in turn provides support to the local hospitality industry in catering to the business travellers. For more information on OSC, please visit Malaysia’s Safe Travel Portal,penny slots online .

RM2.82 bil,live dealer blackjack casino

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90%

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Total Approved Investments in 2020,barcrest slots

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Total Approved Investments
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Convention Centres ,blackjack single deck online

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At least 49% Malaysian including 30% reserved

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To boost investor interest, the Government provides tax incentives for tourism projects including hotels, theme parks, convention centres, recreational parks and other tourism projects.,virtual poker with friends zoom

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multihand blackjack online,Companies may benefit from Pioneer Status of 70% of the statutory income for each year of assessment of its business operations.

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online poker with friends private,Companies may benefit from income tax exemption package of 60% allowance on the qualifying capital expenditure incurred within a period of 5 years where the allowance can be used to offset against 70% of the statutory income for each year of assessment of its business operations.

Promoted Activities
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Expansion, modernisation and refurbishment projects for the following establishments are eligible for incentives:,cash spin casino

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To strengthen the competitiveness of the tourism industry, the Government provides tax incentives for the expansion, modernisation and refurbishment of hotels, theme parks and other tourism projects.

Investment Tax Allowance (ITA),free internet poker

Companies may benefit from income tax exemption package of 60% allowance on the qualifying capital expenditure incurred within a period of 5 years where the allowance can be used to offset against 70% of the statutory income for each year of assessment of its business operations.,mermaids millions slot

Image by Datai Langkawi via www.thedatai.com

Our Investors’ Highlights,poker not real money

Encore Melaka Impression Series is Southeast Asia’s largest performing arts theatre which offers a 70-min cultural performance that portrays the six centuries of Melaka’s history.

- PTS Impression Sdn. Bhd.
online poker provides comprehensive support to your business as you consider the competitive and comparative advantages Malaysia has to offer for your investment. Explore our dedicated resources, wide range of facilities or consultation services to assist you in expanding your operations here.
Find out more about the policies, incentives and facilities in the hospitality sub-sector.
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