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Dazzling light show at Shangri-La Rasa Ria's Vivid Rasa | Daily Express Online

Having started the year on a high note with reaching the 50th year anniversary for Shangri-La Group and celebrating the resort its 25th year in an expansive site of more than 400 acres, Shangri-La Rasa Ria aims to end the year with a bright and uplifting outlook for 2022 ....

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Hotel industry's defining moment


The industry is already running on massive losses due to low occupancy rates throughout 2020 until now.
Compounding matters is that there is little visibility in sight of when movement and travel bans will be lifted due to the third wave of the Covid-19 pandemic resulting from new highly transmissible and airborne variants.
Like many businesses that face challenging times, mergers and acquisitions deals involving hotels are popping up as owners opt to sell out rather than incur more losses. Meanwhile opportunistic buyers with fat wallets are scouring the scene.
Listings of hotels for sale in Malaysia have jumped 40% year-to-date due to rising interest from both local and overseas investors, says Previndran Singhe of Zerin Properties, adding that prices for hotel properties have dropped by as much as 35% as compared to pre-lockdown times. ....

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