Malaysia hotel industry suffers RM6.53b losses last year - MAH
PETALING JAYA (May 24): Malaysia hotel industry has suffered losses of over RM6.
Sunway REIT 3Q NPI drops 35% to RM67m, dragged by retail and hotel segments
KUALA LUMPUR (May 20): Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) for the quarter ended March 31, 2021 (3QFY21) fell 35.
Malaysia hotel industry losses RM135m during Ramadan last year
PETALING JAYA (May 10): At least RM135 million of revenue in the food and beverage segment were evaporated during last year’s Ramadan period, due to the implementation of movement control order (MCO), according to Malaysian Association of Hotels (MAH).
Low Yat Group patriarch Low Yow Chuan dies
KUALA LUMPUR (May 8): Low Yat Group chairman Tan Sri Low Yow Chuan (pictured) passed away today, according to a family member.
New hotels continue to open in Singapore amidst Covid-19 pandemic
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.
Singapore: Jail time for man who ‘set fire to hotel towels’
KUALA LUMPUR (April 21): The customer is not always right.
Apex court rules hoteliers cannot use 10% service charge to meet minimum wage requirements
PUTRAJAYA (March 24): The Federal Court ruled today that hoteliers cannot use the 10% service charge paid by customers to meet the minimum wage requirement, and instead must pay their employees the charges collected in addition to their salaries.
Report: World's first 'space hotel' to be ‘operational as early as 2027’
KUALA LUMPUR (March 2): The world's first 'space hotel' will start construction in 2025 and “could be operational as early as 2027”, the Daily Mail reported yesterday.
IGB slips into the red in 4Q as income from hotel and property investment divisions falls
KUALA LUMPUR (Feb 26): IGB Bhd reported a net loss of RM10.
CBRE|WTW: Luxury hotel outlook remains bleak
Until international borders are re-opened and interstate travel restrictions are lifted, many luxury hotels in Malaysia will continue to face a bleak future as they struggle to stay afloat.
