Tourist arrivals in Malaysia are expected to jump four-fold to 9.6 million in 2023 from an estimated 2.5 million in 2022.
Kenanga Research said in a report it expects tourist arrivals in Malaysia to jump four-fold to 9.6 million in 2023 from an estimated 2.5 million in 2022.
The research firm projects a system-wide passenger throughput of 116 million for MAHB in 2023, up 38% from 84 million in 2022. For 2024, it forecasts a further increase in passenger throughput to 126 million. Kenanga noted that KL International Airport recently saw the return of Kuwait Airways after a seven-year hiatus.
As for AirAsia Group, Kenanga said it is focusing on its medium haul operations by increasing its MalaysiaKenanga made adjustments to its MAHB forecasts in its latest company update, narrowing its FY22 forecast net loss by 6% and raising FY23 net profit by 3%.
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