Hotels facing headwinds
Visit Malaysia Year 2020 (VMY2020) is around the corner, but the hospitality sector does not have high hopes that it will be a key performance driver for the sector.
Visit Malaysia Year 2020 (VMY2020) is around the corner, but the hospitality sector does not have high hopes that it will be a key performance driver for the sector.
GEORGE TOWN (Aug 12): Home-sharing operators in Penang are enjoying “booming business” during the Hari Raya Haji weekend.
PETALING JAYA: Thailand-based hospitality management group ONYX Hospitality Group (ONYX) targets to manage at least 10 hotels across its hotel brands in Malaysia by 2024.
KUALA LUMPUR (Aug 9): ECM Libra Financial Group Bhd is buying three hotels, together with the land where they are built on, from Tune Hotels Sdn Bhd for RM62.
KUALA LUMPUR (Aug 6): Swiss-Garden Hotel Bukit Bintang in Jalan Pudu here has a new owner.
PETALING JAYA (July 12): The tourism tax is deemed a lopsided system because it is borne only by established hotels but not short stay platforms like Airbnb, said the Malaysian Association of Hotel Owners (MAHO) president Tan Sri Teo Chiang Hong.
KUALA LUMPUR (June 21): Mitrajaya Holdings Bhd has bagged a RM90 million contract to refurbish a hotel in Putrajaya.
KUALA LUMPUR (March 15): Boustead Holdings Bhd inked a sale and purchase agreement (SPA) today with Singapore's Hotel Royal Ltd to sell its Royale Chulan Bukit Bintang Hotel for RM197 million, cash, just over two weeks after the Ministry of Defence (Mindef) said the sale wasn't a done deal.
PETALING JAYA (Feb 22): Forbes Travel Guide Star Ratings, announced on 20th February 2019 in New York, honoured Crockfords Hotel at Resorts World Genting with the Five-Star award – making Crockfords the only hotel in Malaysia to receive such an honour and one of only 210 hotels worldwide bestowed with Forbes Travel Guide’s most prestigious ranking.
KUALA LUMPUR (Feb 19): Boustead Holdings Bhd announced today it is disposing of its Royale Chulan Bukit Bintang Hotel business to Singapore-based Hotel Royal Ltd for RM197 million.