Category Archives: Hospitality Updates

Domestic tourism experienced a notable 20% growth, with a recorded tally of 54.5 million visitors in Q2 2023

ECM Libra Group Bhd is set to purchase two beachfront plots in Desaru Coast, Johor for RM36.86 million

YTL REIT to expand portfolio with RM138m acquisition of Hotel Stripes KL

Airbnb collaborates with MDEC to promote Malaysia as Southeast Asia’s digital nomad destination

US-based hospitality chain Hilton Hotels & Resorts has confirmed the opening of seven new hotels in Malaysia over the next few years

Malaysia is poised to surpass its international tourist arrival target for this year by achieving an arrival of at least 18 million visitors

The key socioeconomic indicators for some states improved in 2022, buoyed by a 248.1% rise in domestic tourism expenditure reaching RM64.1 billion versus RM18.4 billion in 2021

The Tourism, Arts, and Culture Ministry allocated RM55 million to Penang and Melaka to support the preservation and management of their UNESCO world heritage status,
as part of the Budget 2023 funding

King’s Park Development Sdn Bhd has formally launched its newest integrated mixed-use development, King’s Park in Genting Highlands, with the inauguration of its sales gallery

Hap Seng Consolidated Bhd is selling its whole equity position in hotel operator Richmore Development Sdn Bhd for RM51 million