Previndran Singhe MRICS FRISM’s Post

This week's hospitality updates in Malaysia highlight the industry's efforts to elevate luxury hospitality standards and boost tourism. Ascott Malaysia has rebranded The Glenz Glenmarie to Fox Glenmarie, while IHH Healthcare Bhd is scaling up operations to meet rising demand from international patients. Perak's tourism committee chairman, Loh Sze Yee, urges collaboration to increase high-standard hotel offerings for diverse traveler preferences. Johor is exploring new flight routes from South Korea, Taiwan, and China to enhance tourism for Visit Johor Year 2026. However, Sarawak's Minister of Tourism, Creative Industry, and Performing Arts, Datuk Seri Abdul Karim Rahman Hamzah, expresses concern over budget hotel rates going up to 40%, fearing disruption to the tourism industry's equilibrium. For more details, visit https://lnkd.in/gUNAn8jR. #hospitalityupdates #tourismindustry #internationalpatients #tourismmalaysia #travelindustry #collaboration #luxuryhospitality #newflightroutes #budgethotelrates #sustainability #strategicpartnership #ascott #ihh #zerinproperties #hotelbroker #hotelier

Hello! It's been a busy busy time in the hospitality sector for our team The Brokerage team is busy with hotel transactions and now fielding inquiries on hotels for rent(hit us up if you know of any) Research Team also busy with a few studies and Operator Selection And here it goes..... Tourism Malaysia geared up for Visit Malaysia 2026 (VM 2026) by unveiling a strategic roadmap during a networking session in April 2024. The initiatives aimed to attract 35.6 million tourists and generate RM147.1 billion in receipts, focusing on branding, partnerships, and market segmentation. The Malaysian aviation and tourism sectors are poised for growth with China Southern Airlines' decision to double flights to Penang, Subang Airport's preparations for jet operations, and Scoot's potential service expansion to Subang Airport with Embraer E190-E2 aircraft, signifying Malaysia's increasing importance in the regional travel industry. Additionally, Ho Hup Construction Co Bhd has decided to halt its RM1 billion Flex project in Bukit Jalil and sell the project's land to Exsim Persiaran Jalil Sdn Bhd for RM110 million cash. This strategic move is aimed at enhancing the company's financial stability while discontinuing its ambitious Flex project, encompassing two tower blocks with SOVO units, a hotel, serviced apartments, and retail spaces. For more details on this week’s hospitality updates, do visit https://lnkd.in/gkBCdM6i #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #tourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership #hotelbroker

"Hello, busy people! Here’s this week’s roundup of updates from hospitality and tourism sectors to keep you informed! 🌏✨" New Hotel Opening & Responsible Hosting Guidelines: Wyndham Hotels & Resorts has unveiled the Wyndham Ion Majestic Hotel in Genting Highlands, Malaysia. The hotel, set 6,000 feet above sea level, offers 850 rooms and unique experiences. Airbnb has introduced a Guide to Responsible Hosting in Malaysia, promoting responsible short-term rental activities in strata buildings. This initiative aims to ensure positive experiences for hosts, guests, and neighbors while enhancing community safety and regulatory fairness. Aviation Sector and Tourism Uptick: Malaysia saw a 27.5% increase in foreign tourists in the first four months of the year, with tourism contributing RM22.23 billion to the economy in Q1. Visa liberalization has significantly boosted arrivals from China and India. Malaysia Airports Holdings Bhd (MAHB) reported 11.2 million passengers in May, surpassing pre-pandemic levels for the fifth consecutive month. KLIA now serves 70 airlines, with three more airlines including British Airways, ThaiViet Jet and 9 Air expected to begin operations by year-end. Malaysia Airlines has teamed up with Huawei to enhance its customer-centric approach and expand its presence in the Chinese market. The partnership aims to offer personalized experiences and innovative solutions for travelers. Malaysia Airlines has climbed to 39th place in the 2024 Skytrax Awards, up from 47th in 2023. Additionally, AirAsia has retained its title as the World’s Best Low-Cost Airline for the 15th consecutive year. ETS Express Service: Keretapi Tanah Melayu Berhad (KTMB) will launch the ETS Express service in August, reducing travel time between Kuala Lumpur and Ipoh to two hours. This upgrade is part of the Klang Valley Double Track (KDVT) project, enhancing travel efficiency and promoting tourism in Ipoh. For more details on this week’s hospitality updates, do visit https://lnkd.in/dTP7A7fy #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #tourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership

Budget hotel owners in Malaysia, according to the Malaysian Budget and Business Hotel Association (MyBHA), may raise rates by 30 to 40 percent due to escalating operational costs. MyBHA President Sri Ganesh Michiel urges regulators to address rising costs and suggests measures such as special tariffs. Meanwhile, Sheraton Imperial Kuala Lumpur Hotel is in talks with Malaysia Airlines to provide inflight meal services following their successful collaboration for a Hari Raya menu. This partnership showcases opportunities for hotels to extend their services beyond traditional boundaries, enhancing customer experience and potentially boosting revenue streams. In a recent development, Malaysia Airlines announced plans to reroute flights between Kuala Lumpur and London to avoid Iranian airspace amid concerns over potential attacks in the Middle East. This decision aligns with similar actions taken by other airlines, including Air India, Qantas, and Lufthansa, in response to fears of a possible strike from Iran on Israel. Malaysia is strategically positioning itself in the cruise tourism industry, aiming to attract 35.6 million foreign tourists by 2026, with notable growth in cruise arrivals and passenger numbers. Penang continues to flourish as a cruise destination, evidenced by increased international vessel berths and expanding cruise terminal capacity, attracting renowned cruise lines and reinforcing its status as a sought-after destination. Additionally, the upcoming MATTA Fair Penang 2024 anticipates a significant increase in attendees, expecting around 35,000 visitors and targeting RM40 million in sales revenue. Accor's Mercure brand has recently unveiled its largest hotel globally on Club Street in Singapore, featuring 989 rooms starting at $195. Positioned between Chinatown and the CBD, the hotel offers eco-conscious amenities and six unique dining experiences, including the highly anticipated debut of L'antica Pizzeria da Michele from Naples. For more details on this week’s hospitality updates, do visit https://lnkd.in/dTP7A7fy #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #tourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership

Curious about how we contribute to the future of Indonesia's hotel industry? 🌿✨ Discover how Delonix Group Indonesia is strengthening its long-term commitment to innovation, growth, and hospitality excellence. Dive into our latest article and see what’s in store for the future! 📖👇 Read more now! https://lnkd.in/g6TqYU9W #DelonixGroup #HospitalityIndustry #IndonesiaHotels #HotelInnovation #LongTermCommitment

Discover profound insights into revitalizing the hotels and resorts segment in 2024, as shared by Syed Ali Shahul Hameed, Group CEO of Berjaya Land Berhad, in a recent interview with The Star. Read more at: https://lnkd.in/g__hMn8v

Good Morning! Here are this weeks Hospitality Updates The surge in tourism, particularly in medical tourism, is evidently impacting various sectors positively, as reflected in the financial performances of companies like IGB Bhd, Berjaya Land Bhd, and KPJ Healthcare Bhd. IGB Bhd's remarkable tripled net profit in 1Q24, reaching RM185.3 million, underscores the significant contributions from its hotel segment. With plans to launch the IGB Hotel Rewards app, the company aims to further enhance its performance for the remainder of 2024. Similarly, Berjaya Land Bhd experienced a substantial sixfold increase in net profit to RM29.33 million in Q3FY24. This surge is partly attributed to the rise in tourist arrivals and hotel revenue due to a rise in tourist arrivals and visa exemptions for certain countries. KPJ Healthcare Bhd also saw a significant rise in net profit, up by 38.9% in 1QFY2024. This increase is credited to higher patient numbers and a strategic sale of its aged care business in Australia to focus more on its Malaysian segment, indicating the growing demand for healthcare services, especially in the context of medical tourism. KPJ Healthcare Bhd's recent partnership with Marriot International further demonstrates its commitment to expanding its presence in the health tourism market. Meanwhile, Melaka's tourism industry is poised for further growth as Silver Ridge Holdings Bhd secures a contract to build the Melaka International Cruise Terminal. The state recorded 5.12 million tourist arrivals between January and April 2024 during Visit Melaka Year 2024 (VMY2024), placing it ahead of other states with similar campaigns. This development aligns with Chief Minister Datuk Seri Ab Rauf Yusoh's emphasis on enhancing tourism offerings and fostering cooperation among stakeholders, as demonstrated by the launch of the "Melaka Bila Larut Malam" programme to boost tourism activities in the state. For more details on this week’s hospitality updates, do visit https://lnkd.in/gUNAn8jR #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #tourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership

How Is Your Hotel Embracing Digital Transformation? 🛎️ In today's fast-paced world, adapting to digital transformation is key to enhancing guest experiences. We're curious to hear about the innovative steps your hotel is taking. Are you moving towards contactless operations, leveraging technology for personalized guest interactions, or maybe something even more groundbreaking? Let's start a conversation on how technology is reshaping the hospitality landscape in Indonesia. Share your experiences, challenges, and successes in the comments below. Whether it's about streamlining operations or creating unforgettable guest experiences, your insights are invaluable. 🌟 Embrace the future of hospitality with us. Discover how Servr can transform your hotel. Find out more: www.servrhotels.com #DigitalTransformation #HospitalityIndonesia #GuestExperience #ContactlessHospitality #Personalization #TechInHospitality #InnovativeHotels #ServrSolutions #HotelTech #FutureOfHotels #HospitalityTrends #IndonesianHospitality #EnhanceGuestExperience #HotelIndustry #AdaptAndOvercome

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🌟 From new hotel openings to significant tourism recovery efforts and infrastructure developments, here’s what you need to know: Hotel Openings: Courtyard by Marriott Kuala Lumpur South opens in Bloomsvale @ OKR, featuring 278 rooms and extensive event facilities. Tourism Recovery and Visa Exemption: Malaysia anticipates robust recovery in Chinese tourism, targeting over 5 million visitors in 2024 with extended visa exemptions until 2026, bolstered by new flight routes. MM2H Programme Update: The revised Malaysia My Second Home (MM2H) programme aims to attract investors with relaxed requirements, including mandatory property purchases, expected to invigorate the high-end property market. Strong Growth in Tourism Sector: Malaysia’s tourism sector shows promising growth, welcoming 20.14 million international visitors in 2023 and projecting 27.3 million arrivals in 2024, boosting revenue and extending average stays. Airline Expansion and Connectivity: Riyadh Air prepares for its 2025 launch with test flights, including Kuala Lumpur, signalling new direct routes from Saudi Arabia. Turkish Airlines plans increased flights to Malaysia and Indonesia, aiming for enhanced connectivity and fleet expansion. AirAsia resumes flights to Pattaya, expanding travel options to Thailand from Kuala Lumpur and other Malaysian cities. Infrastructure Development: KLIA's Aerotrain Replacement Project advances to complete by January 2025, enhancing passenger experience with new trains and upgraded infrastructure. For more details on this week’s hospitality updates, do visit https://lnkd.in/gUNAn8jR #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #tourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership