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Indonesia’s hotel and restaurant sector grew about 5 percent in 2017. Continued urbanization, tourism and MICE (Meeting, Incentive, Conference, and Exhibitions) activities drove the growth.
With per capita income of over $9,120 and a middle and upper class making up 50 percent of the population, Malaysia shows good potential for growth as a market for high value consumer products.
Malaysia has a dynamic hotel and restaurant industry. Changing lifestyles and growing middle class underpin demand.