Will the Covid-19 outbreak derail Visit Malaysia 2020 targets?

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The Covid-19 Outbreak May Derail Visit Malaysia 2020 Targets

The Ministry of Tourism, Arts and Culture (Motac) is not placing high hopes on achieving the targets for Visit Malaysia 2020 (VM2020) due to the global nature of the Covid-19 outbreak. The ministry is considering a funding injection to support tourism players facing revenue losses from cancellations of hotels, holiday packages, and flights. The specific amount of this funding is still under review.
Impact on Tourism Revenue

Malaysia's tourism sector is currently experiencing significant revenue losses as a direct consequence of cancellations. These cancellations encompass bookings for hotels, holiday packages, and flights, indicating a broad impact across various segments of the industry. The ministry acknowledges this drop in tourist arrivals and its subsequent effect on overall economic revenue.
Government Support Measures

Motac plans to utilise the upcoming economic stimulus package to address the Covid-19 situation and provide assistance to affected parties within the tourism industry. While the exact form of aid is being determined, a funding injection is being considered. The quantum of this financial support is currently being assessed. The economic stimulus package itself is scheduled for announcement on February 27th.
Global Nature of the Outbreak

The ministry's reduced optimism for VM2020 targets stems from the fact that Covid-19 is a global problem. It is anticipated that tourists may develop a fear of travelling to foreign countries as a result of the widespread outbreak. This potential hesitancy among international travellers could negatively impact the projected tourist arrival numbers for Visit Malaysia 2020. The government has already implemented a travel ban on visitors from several provinces in China as a precautionary measure.

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Will the Covid-19 outbreak derail Visit Malaysia 2020 targets?

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