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Analyst foresees tourism upcycle in Malaysia

KUALA LUMPUR, Jan. 16 (Xinhua) — Maybank Investment Bank has said that the tourism upcycle has begun in Malaysia, underpinned by Chinese, Indian and domestic tourists.

The research house said in a note on Wednesday that, funded with a record tourism promotion budget and barring major incidents, it is positive for the Malaysian tourism industry.

“History tells us that Malaysian tourism industry upcycles b