What is “Total Supply and Tourism Consumption by Type of Products”?
“Total Supply and Tourism Consumption by Type of Products” refers to the overall amount of goods and services available and the amount of those goods and services that tourists use or consume.
Let’s break it down further:
Total Supply: This refers to the total amount of goods and services that are available in a particular area or country.
It includes everything that tourists can offer, such as hotel rooms, food and beverages, transportation services, souvenirs, and any other products or services that tourists might purchase or use during their visit.
Tourism Consumption: This refers to the amount of goods and services that tourists actually use or consume during their trip.
It includes things like the money spent on accommodation, meals, transportation, attractions, and shopping.
By Type of Products: This means that the total supply and tourism consumption are categorized or divided into different types of products.
For example, products can be grouped into categories like accommodation, food and beverages, transportation, entertainment, and shopping. By analyzing the data based on product types, we can understand how much tourists are spending on different categories of goods and services.
“Total Supply and Tourism Consumption by Type of Products” is a way of examining the overall availability of goods and services for tourists and understanding how tourists spend their money on different types of products during their visit.
Analysis of Total Supply and Tourism Consumption by Type of Products In Malaysia
Based on the provided dataset from data.gov.my, we can observe trends and patterns in the tourism industry in Malaysia from 2005 to 2021.
The dataset includes information about various sectors within the tourism industry, such as accommodation services, country-specific tourism characteristic goods and services, cultural, sports, and recreational services, food and beverage serving services, passenger transport services, retail sale of automotive fuel, retail trade, and travel agencies and other reservation services.
Let’s analyse the dataset:
- Accommodation services:
- The total supply of accommodation services increased gradually from 16,154.1 in 2005 to a peak of 31,824.3 in 2019. However, it dropped significantly to 14,729.7 in 2020 and further decreased to 5,284.2 in 2021.
- Total consumption of accommodation services also showed an increasing trend, reaching a peak of 30,633 in 2019. However, it dropped sharply to 5,231.9 in 2020 and further decreased to 1,160.6 in 2021.
- The tourism ratio, which represents the ratio of total consumption to total supply, fluctuated between 0.9 and 0.98 during most years, indicating a relatively stable relationship between supply and consumption. However, in 2020 and 2021, the tourism ratio dropped significantly to 0.36 and 0.22, respectively, suggesting a decrease in tourism demand compared to supply.
- Country-specific tourism characteristic goods and services:
- Total consumption of country-specific tourism characteristic goods and services showed an increasing trend from 10,129.1 in 2005 to a peak of 68,957.8 in 2019. However, it dropped to 25,985.2 in 2020 and further declined to 9,309.9 in 2021.
- The tourism ratio for these goods and services fluctuated between 0.29 and 0.44 during most years, indicating a relatively stable relationship between supply and consumption. However, in 2020 and 2021, the tourism ratio dropped significantly to 0.17 and 0.06, respectively, suggesting a decline in demand compared to supply.
- Cultural, sports, and recreational services:
- Total supply and consumption of cultural, sports, and recreational services showed an increasing trend from 2005 to 2019, with some fluctuations.
- The tourism ratio ranged from 0.12 to 0.19, indicating a relatively stable relationship between supply and consumption. However, the ratio dropped to 0.07 in 2020 and further decreased to 0.05 in 2021.
- Food and beverage serving services:
- Total supply and consumption of food and beverage serving services increased steadily from 2005 to 2019, with some fluctuations.
- The tourism ratio ranged from 0.28 to 0.61 during most years, indicating a relatively stable relationship between supply and consumption. However, the ratio dropped to 0.13 in 2020 and further decreased to 0.12 in 2021.
- Passenger transport services:
- Total supply and consumption of passenger transport services increased steadily from 2005 to 2019, with some fluctuations.
- The tourism ratio ranged from 0.53 to 0.91 during most years, indicating a relatively stable relationship between supply and consumption. However, the ratio dropped to 0.17 in 2020 and further decreased to 0.04 in 2021.
- Retail sale of automotive fuel and retail trade:
- The dataset indicates that there was no data available for retail sale of automotive