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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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King: Stay resilient in celebrating Aidiladha


KUALA LUMPUR: Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah and Raja Permaisuri Agong Tunku Hajah Azizah Aminah Maimunah Iskandariah have expressed hope that Muslims in Malaysia will continue to be resilient, patient and grateful to be given good health and strength to celebrate Hari Raya Aidiladha moderately with their families.
In a statement issued via Istana Negara’s Facebook page, Their Majesties extended Aidiladha greetings to all Muslims in Malaysia and abroad.
“The King and Queen also express their sadness that for the second time, Muslims in the country are unable to celebrate Aidiladha as usual due to the Covid-19 pandemic.“Their Majesties also extend their deepest appreciation to all frontliners for their continuous hard work, commitment and sacrifices in treating Covid-19 patients and for their efforts in combating the pandemic since last year,” the statement read. ....

Kuala Lumpur , Tunku Azizah , Hari Raya Aidiladha , Sultan Abdullah , Negara Facebook , Istana Negara , Their Majesties , குவாலா லம்பூர் , சுல்தான் அப்துல்லா , நெகாரா முகநூல் , இஸ்தானா நெகாரா ,