Mann Travel & Tours Sdn. Bhd., a wholly owned Malaysian Bumiputra company, incorporated on 18th March 2002 with the name Mann Resources Sdn. Bhd. and the management office is located at No 8659, 2nd Floor Wisma Saudagar, 5th Miles, Jalan Ampang, 68000 Ampang, Selangor Darul Ehsan.
Mann Travel & Tours Sdn. Bhd. initially operated on 10th January 2005. Currently our Company owned 50 vehicles along with contract vehicles to serve target customers. Mann Travel & Tours Sdn. Bhd. is expected to build its fleet to 100 vehicles and provide variety and choice of models to fulfill customers’ needs. Similarly, its network is expected to be in place at various strategic locations covering all major airports and cities in Malaysia.
In this connection, a business plan has been put together to chart the direction that Mann Travel & Tours Sdn. Bhd. would pursue given the present economic climate, the maturity of the car rental industry in Malaysia, its potential and constraints that determine the growth of the business.
Export, major expenditure on infrastructures and construction projects as well as strong private consumption expenditures are major source of this optimism. From a regional and international standpoint, Malaysia’s attainment of rapid economic growth is remarkable.
The development of tourism in the light of the government aggressive push on the influx of 20 million tourists by the years to come. Various government directives have been issued for this development of the tourism industry and infrastructure development. Rapid economic growth and increasing travel will create transportation needs beyond the government’s resources capability.
The creation of an efficient, safe and modern transportation system by road, rail and air will invariably require substantial private sector investment. There is, therefore an urgent need to broaden and revitalize the public-private sector partnership in transportation. Mann Travel & Tours Sdn. Bhd. is ready and willing to contribute to this partnership.
This along with other development programs in place will enhance Malaysia’s image and present Malaysia as a worthy destination for both tourists and businessmen. With tourism presently being the third revenue earner for the country and with the promotion and development of tourism, Malaysia will no doubt become a premier tourist destination.
We believe that the car rental industry will play a vital role in accomplishing the complete picture of Malaysia Economic growth.
The car rental market in Malaysia considered in this study is defined as any rental for the purpose of road transport, including cars, vans and 4WD vehicles.
Motorcars are rented for a variety of purpose, i.e. business and leisure. In the business market, car rental competes with company fleet vehicles and taxis. In the leisure market, the competition is more difficult to define.
In some ways car rental compete with air travel, coach tours, taxis, trains, privately owned vehicles and all other public transport. The majority of this study considers competition to be the car rental company, however it is important to also keep in mind the potential competitors in the leisure sector of the motor vehicle rental industry.
The car rental market in Malaysia is currently estimated at RM95 Mill per annum and is expected to increase further more. This clearly reflects the intensity of the competition in a growing market.