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Expanding role of the tourism sector in Malaysia’s retirement industry

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dc.contributor.author Gan, J. E.
dc.date.accessioned 2022-11-10T19:12:01Z
dc.date.available 2022-11-10T19:12:01Z
dc.date.copyright Items in this repository are protected by copyright, with all rights reserved, unless otherwise indicated
dc.date.issued 2013-00-00
dc.description Abstract : This article argues that Malaysia’s retirement industry has yet to reach its full potential, due to the slow take up of its international residency programme, “Malaysia My Second Home Programme” (MM2H). To date, the number of participants has not even reached 20,000 people. Rather than wait for the slow organic growth of the retirement industry, three sectors – tourism, real estate and healthcare – are working closely to create demand for retirement villages. This hypothesis is premised on the sharp contrast between the high gross development value (GDV) of retirement properties development and the small number of MM2H participants. The scale of these projects suggests that the three sectors are supplying properties and services to a market that has yet to be ascertained
dc.description and they do so with demand-creation in mind. Involving hospitality players at the inception of a development project also represents a shift in strategy amongst real estate developers. Hospitality players are involved at the conceptualisation of these projects, and at a later stage, management companies will be engaged to inject hospitality practices into these properties. It is further argued that as hospitality players continue to work closely with real estate developers and also healthcare providers, the divide between them is blurring.
dc.description Full text access : School of Hospitality, Tourism & Culinary Arts, Taylor’s University, Malaysia (e-mail: jooee.gan@taylors.edu.my)
dc.description Article submitted for : The 11th ApacCHRIE Conference 2013 (Macau, 21-24 May 2013)
dc.identifier.uri https://irepo.taylors.edu.my/handle/123456789/509
dc.relation.uri Refereed Conference Proceedings
dc.subject Tourism--Malaysia--Planning
dc.subject Older people--Malaysia
dc.subject Retirement industry--Malaysia--Planning
dc.title Expanding role of the tourism sector in Malaysia’s retirement industry
dspace.entity.type Research-Abstracts
local.identifiers vital:1561
local.identifiers valet-20150620-13371
local.language English
local.school School of Hospitality, Tourism and Culinary Arts
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