With the ringgit strengthening against the US dollar, outbound travel from Malaysia is expected to pick up, especially to destinations tied to the greenback. The ringgit has been steadily appreciating against the greenback and is currently pegged at RM2.99 to the dollar. “As the US dollar is used by many suppliers, including cruises to the Baltic and Mediterranean, this bodes well for us, as our products are very attractively priced,” said Jebsen Travel & Tours Services managing director Lim Chee Tong, who is expecting a 20 per cent rise in cruise bookings.
“America has not been so popular over the years because of the strict visa restrictions, but due to changes, plus the currency depreciation and also the Middle East unrest, we will probably see a rise of travel here,” said Apple Vacations & Conventions managing director Koh Yock Heng. “Europe continues to be hugely popular due to the lower euro, which is now around RM4.30.”
Malaysian Harmony Tour and Travel chief executive officer Cooper Huang is certain that there would be a gradual impact. “The growth in our travel segment has been rising progressively due to the falling dollar.”
-TTG Asia.
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