Question
The continued decline in the number of arrivals is due to the closure of international borders since March 18, which is a part of the
"The continued decline in the number of arrivals is due to the closure of international borders since March 18, which is a part of the government's proactive decision in its efforts to curb the spread of the pandemic in Malaysia".
The top 10 tourist generating markets continue to be dominated by Singapore (1,543,627), Indonesia (710,118), China (403,055), Thailand (372,075), India (155,448), Brunei (135,848), South Korea (119,364), Japan (73,891), Australia (72,369) and the Philippines (65,601). In terms of the number of excursionists, or the daily visitors to the country, Malaysia recorded a total of 1,733,101 arrivals from January to September, a decrease of 74.9% compared to 6,905,378 excursionists who visited Malaysia in the same period last year.
Based on the above statement, it's seems like the tourism business cycle has been affected badly due to the COVID-19 pandemic. Based on your general understanding on demand and supply theories, propose suitable policies to overcome this problem. Your answer should be picturized using the demand and supply equilibrium conditions to boots the tourism business cycles.
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