Property Hunter Magazine Property Hunter Magazine - Issue 56 | Page 57

Tourism is one of the best “by mean of mouth” form of advertisement and till now Kota Kinabaluin East Malaysia has been smart enough to profit out of it. Kota Kinabalu and the Modern Times In other words it is very clear how the Touristic Industry, when properly developed, becomes a strategic and multiple layers economic driver. It is surely interesting to compare the trend of tourist arrivals between 1998 and 2012 with their “quantitative spending” habits to fully understand the high potential of a flourishing touristic industry. Nowadays modernity allows us to plan a scuba diving holiday in Rome on Friday, catch a flight on Saturday and enjoy the pleasure of warm tropical waters with unequable colors and wild submarine life since Sunday for as long as our wallet will enable us. Kota Kinabalu and Sabah have so much to offer in terms of natural touristic attractions that is no surprise how many people can they attract every year out of the almost 26 million visitors who are landing to Malaysia every year. Kota Kinabalu and Penang have spread the name of Malaysia everywhere around the globe assince several years Penang has been one of the preferred touristic destinations in Malaysia and has gained the 8th ranking on a world basis as preferred place for retiring while Kota Kinabalu has been since many years one of the best destination for diving and water sports attracting millions of tourists every year. Just to mention two out of the many touristic spots that Malaysia offers to connect and understand how both these touristic paradises have also been gaining a top ranking position as Hot Property Investment Locations. The last 6-8 years have seen property values there multiplied two or even three times. The Federal Government has set 2014 as the Visit Malaysia Year and this will further contribute to spread the fame of these two touristic/property hot spots worldwide dragging a targeted 30 million tourist to hit the Malaysian shores and keep on maintaining the Malaysian Tourism as third earner of foreign exchange and the Tourism industry to contribute for and estimate 12.5% to the Nation GDP. The growing pace of tourist arrivals with a YoY average up-trend of 10.55% has generate a touristic spending which shows a YoY rise o