News about hotel

KUALA LUMPUR (July 17): We have gone for our Cuti-cuti Malaysia vacations as cross state boundaries reopened with the Recovery Movement Control Order and it looks like Singaporeans have the same idea for their own version of a domestic holiday as some of their hotels are allowed to reopen.

KUALA LUMPUR (July 16): Ireka Corp Bhd has signed definitive agreements with London Stock Exchange-listed Aseana Properties Ltd to undertake a demerger exercise which involves separating the interests of Ireka Group from Aseana, where the former held a 23% stake in Aseana.

  KUALA LUMPUR (July 11): Bina Puri Holdings Bhd plans to place out new shares — up to 10% of its enlarged issued share capital — to independent third-party investors to be identified later, to raise up to RM9.

KUALA LUMPUR (July 7): The Malaysian Association of Hotels (MAH) today launched the first ever industry-wide hygiene and safety label in the country amidst the Covid-19 pandemic.

KUALA LUMPUR (July 4): Indian-based OYO Hotels & Homes is experiencing an improvement in its business with the opening up of the local economy post Movement Control Order (MCO), reported The Edge Malaysia.

KUALA LUMPUR (July 3): The overall occupancy in Asia-Pacific remained low at less than 30% with room rates close to 50% of what they were in 2019, according to CBRE’s Implications for Asia Pacific Hotels June 2020 report.

PETALING JAYA (June 22): Hotel operators are seeing a slight recovery in the industry following the reopening of domestic tourism and after drastic cost-cutting measures by hotel operators, said Malaysian Association of Hotels CEO Yap Lip Seng.

KUALA LUMPUR (June 17): YTL Corp Bhd's net profit for the third quarter ended March 31, 2020 dropped 66% to RM29.

KUALA LUMPUR (June 16): Genting Malaysia Bhd announced today that the casino and hotel operator's Resorts World Kijal and Resorts World Langkawi will reopen on Thursday (June 18).

KUALA LUMPUR (June 16): Berjaya Corp Bhd (BCorp) posted a net profit of RM412.