News about hospitality

KUALA LUMPUR (May 28): Eastern & Oriental Bhd (E&O) returned to the red after two quarters in the black, posting RM75.

PETALING JAYA (May 25): Sunway Bhd’s net profit for the first quarter ended March 31, 2021 dropped 6% to RM58.

Singapore (April 26): Despite the market slowdown due to the Covid-19 pandemic, the Singapore hospitality market has remained robust with the opening of several new hotels, reported CNA.

PETALING JAYA (Feb 2): Half of the industry players remain positive about the hospitality sector outlook in the next 12 months, with 45% feeling that the sector is on its way to recovery, albeit contingent on the progressive roll-out of the vaccine and opening up of international travel restrictions, a survey by property consultancy firm Knight Frank revealed.

KUALA LUMPUR ((Jan 12): While he agrees with the need for the movement control order (MCO)  to imposed in the six states, Malaysian Association of Hotels (MAH) chief executive officer Yap Lip Seng (pictured) has to admit that it will further damage the local tourism and hospitality industry.

The year 2020 is bowing out, and no one, not even in his or her wildest dreams, could have imagined what a trying, painful and anguish-filled year it would be.

KUALA LUMPUR (Oct 3): The Covid-19 outbreak has without doubt impacted many businesses and the travel and hospitality industry is one that felt the full force.

KUALA LUMPUR (July 31): YTL Hospitality Real Estate Investment Trust’s (YTL REIT) net property income fell 26.

KUALA LUMPUR (June 22): YNH Property Bhd’s net profit slipped to RM3.

KUALA LUMPUR (May 9): The retail and hospitality sectors were among those that have been badly hit as travel had come to an almost complete halt due to Covid-19, The Edge reported today.