News about hotels

KUALA LUMPUR (June 5): While the Malaysian Association of Hotels (MAH) has lauded the government’s three-month extension of the Wage Subsidy Programme (WSP), the association said it is not enough and called for a specific stimulus plan for tourism.

PETALING JAYA (May 27): A viral message circulating on WhatsApp on a list of hotels in Kuala Lumpur and Penang available for sale is a hoax.

KUALA LUMPUR (May 21): Since the start of the Movement Control Order on March 18, many hotels have had to cut costs and resort to temporary or even permanent closure of their businesses.

KUALA LUMPUR (May 20): After reporting lower earnings in its third quarter, analysts are expecting Sunway Real Estate Investment Trust's (Sunway REIT) fourth quarter to be weaker as it registers a full quarter’s impact from the Covid-19 outbreak as well as extended Movement Control Order (MCO).

KUALA LUMPUR (May 20): Sunway Real Estate Investment Trust's (REIT) net property income (NPI) slid by 9% to RM103.

PETALING JAYA (April 30): Hotels that have been set up to open this year have all been postponed in light of the Covid-19 pandemic, said Malaysian Association of Hotels (MAH) CEO Yap Lip Seng.

PETALING JAYA (April 29): Perak state government is currently formulating four strategies to revive the state’s tourism industry, which was badly hit by the Covid-19 pandemic, according to a China Press report.

KUALA LUMPUR (April 28): Hotels will continue to be disallowed from operating at full capacity under the fourth phase of the Movement Control Order (MCO) starting tomorrow.

The Covid-19 pandemic and ensuing lockdowns like the Movement Control Order (MCO) in Malaysia have impacted the travel and tourism sector badly and it is not unexpected to hear of hotels closing for the time being In Malaysia, the government has provided much needed aid as announced in its economic stimulus packages in light of the pandemic but it may not be enough to save the weaker players in the industry from collapsing.

KUALA LUMPUR (April 22): The Malaysian REIT Managers Association (MRMA) is calling for relief measures to help the local real estate investment trusts (REITs) industry mitigate the adverse impacts it is currently facing.