PENANG (Jan 25): Hotel Equatorial Penang announced cease of operation from March 31 this year due to adverse business conditions caused by Covid-29.
KUALA LUMPUR (Jan 18): Local hoteliers say the RM15 billion Perlindungan Ekonomi dan Rakyat Malaysia (Permai) assistance package, which was just announced by Prime Minister Tan Sri Muhyiddin Yassin, falls short of expectation as the tourism industry continues to grapple with struggling businesses amid the on-going Covid-19 pandemic and recently imposed Movement Control Order (MCO 2.
PETALING JAYA (Jan 18): Singapore-listed Hotel Royal purchased the Royale Chulan Bukit Bintang Hotel Kuala Lumpur at RM177.
KUALA LUMPUR (Jan 17): The Malaysia Budget Hotels Association (MyBHA) yesterday demanded that the government act fast to help its association members, their employees and all tourism players who are hugely impacted by the reinstatement of the movement control order (MCO).
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.
LUMUT (Dec 27): The occupancy rates in hotels nationwide are expected to continue to increase next year when the Recovery Movement Control Order (RMCO) is lifted end of this year.
PETALING JAYA (Dec 23): The tourism industry is asking for more assistance as the situation has not improved -- the industry is in need of higher wage subsidy, discounts for utilities as well as waiver of fees, licenses and permits, said Malaysian Association of Hotels (MAH).
KUALA LUMPUR (Dec 21): KSK Land, the property division of KSK Group Bhd, has obtained a RM650 million syndicated facility from Malayan Banking Bhd (Maybank) and Bank Pembangunan Malaysia Bhd (BPMB) for the completion of 8 Conlay Kempinski Hotel & Residences (Tower C), part of the 8 Conlay integrated development.
KUALA LUMPUR (Nov 18): Bleeding hotel operations continued to drag the third quarter ended Sept 30, 2020 (3QFY20) of TA Enterprise Bhd (TAE) and its 60% subsidiary TA Global Bhd deeper into the red.