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Good Morning!!!! Malaysia's hotel sector is experiencing continuous investment for new hotel developments, driven by a positive tourism outlook. The team is equally busy with buyers and sellers. Electrical and mechanical engineering group LFE Corp Bhd secured two contracts worth RM16.7 million for a 22-storey hotel in Georgetown, Penang, expected to be completed by November 2025. Seri Pajam Development Sdn Bhd launched SPD Tech Valley in Senawang, Negeri Sembilan, a RM3 billion industrial park that will notably feature a business and leisure support center with a boutique hotel. Additionally, Kuching will see three new international hotels, including one by Ascott, approved by the State Planning Authority, as part of efforts to expand accommodation options and meet future tourism demand, supported by increased direct flights and enhanced regional connectivity plans. Meanwhile, Putrajaya experiences surging demand for hotel rooms amidst changing travel preferences, notably with young, affluent travelers seeking immersive cultural experiences and 'bleisure' trips. In response, hotels like newly opened Moxy Putrajaya are enhancing offerings with advanced business facilities, wellness centers, dining choices, and leisure activities tailored to these evolving preferences. In recent developments within the travel and tourism sectors, Malaysia experienced a remarkable 19.5% surge in air passenger traffic in April 2024, primarily driven by domestic travel during Hari Raya Aidilfitri, signaling positive signs of recovery. Concurrently, AirAsia's designation as the official airline partner for the Malaysia-China Summit 2024 underscores initiatives aimed at strengthening trade and cultural ties, accompanied by exclusive travel offers for summit participants. Moreover, Tourism Malaysia is collaborating with Trove Tourism Development Advisors to bolster awareness and tourism from North America, aligning with its strategic vision for Visit Malaysia Year 2026. 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 #ascott #kuching #penang #airasia

Check out Zerin Properties Weekly Hospitality updates below. The local hospitality industry marked the beginning of the year with the completion of the RM145 million sale of Holiday Villa Beach Resort & Spa Langkawi by AmanahRaya-Kenedix REIT Manager. Acquired for RM55 million in 2007, the 4-star beach resort was successfully sold to Plenitude Gateway Sdn Bhd, aligning with AmanahRaya REIT's objectives to reduce borrowings, optimize returns, and improve the yield of its asset portfolio. Additionally, ONYX Hospitality Group's expansion in Malaysia includes three new properties, marking a total of seven in its Malaysian portfolio and establishing the country as the first outside Thailand to host all three ONYX brands-Amari, OZO, and Shama. Meanwhile, in response to Sabah's booming tourism, Zerin Properties Group CEO Previndran Singhe emphasizes the pressing need for upscale accommodations to meet demand, with the state government actively attracting hoteliers and initiating various projects, including heritage building conversions, to boost tourism infrastructure. The tourism sector is expected to flourish with increased flights and strengthened ties between Malaysia and China, following the Ministry of Tourism, Arts and Culture's collaborations with major Chinese online travel platforms. In another development, Langkawi anticipates enhanced air connectivity in 2024, with new services from Flydubai and AirAsia Indonesian, expanded services by Malaysia Airlines, and charter flight series with Poland's ITAKA, reflecting the island's growing appeal as a tourist destination with increased international and domestic accessibility. In the international segment, The Ascott Limited's lodging arm, Ascott, expands its lyf brand with the signing of eight new properties, totaling over 30 operational or upcoming lyf properties globally. The new additions span resort and city destinations like Bali, Penang, Sydney, and Frankfurt. For more details on this week's hospitality updates do view the video below #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #ttourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership https://lnkd.in/gjQmW2wT

The local hospitality industry marked the beginning of the year with the completion of the RM145 million sale of Holiday Villa Beach Resort & Spa Langkawi by AmanahRaya-Kenedix REIT Manager. Acquired for RM55 million in 2007, the 4-star beach resort was successfully sold to Plenitude Gateway Sdn Bhd, aligning with AmanahRaya REIT's objectives to reduce borrowings, optimize returns, and improve the yield of its asset portfolio. Additionally, ONYX Hospitality Group's expansion in Malaysia includes three new properties, marking a total of seven in its Malaysian portfolio and establishing the country as the first outside Thailand to host all three ONYX brands—Amari, OZO, and Shama. Meanwhile, in response to Sabah's booming tourism, Zerin Properties Group CEO Previndran Singhe emphasizes the pressing need for upscale accommodations to meet demand, with the state government actively attracting hoteliers and initiating various projects, including heritage building conversions, to boost tourism infrastructure. The tourism sector is expected to flourish with increased flights and strengthened ties between Malaysia and China, following the Ministry of Tourism, Arts and Culture's collaborations with major Chinese online travel platforms. In another development, Langkawi anticipates enhanced air connectivity in 2024, with new services from Flydubai and AirAsia Indonesian, expanded services by Malaysia Airlines, and charter flight series with Poland's ITAKA, reflecting the island's growing appeal as a tourist destination with increased international and domestic accessibility. In the international segment, The Ascott Limited's lodging arm, Ascott, expands its lyf brand with the signing of eight new properties, totaling over 30 operational or upcoming lyf properties globally. The new additions span resort and city destinations like Bali, Penang, Sydney, and Frankfurt. For more details on this week’s hospitality updates do view the video below https://lnkd.in/gCw74vdz #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #ttourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership

"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

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

The unveiling of new hotels in Thailand in 2024 not only signifies an expansion in hospitality offerings but also presents lucrative investment opportunities in the thriving tourism sector of the country.

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

Members of the VisitSingapore fan group have asked me to do an overview of the hotels in Singapore with a map to help. This is the blog post. https://wix.to/YtmBddI #newblogpost

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

The local hospitality sector is gearing up for exciting additions, with The Ascott Limited and Masteron Group partnering for the lyf Brickfields Kuala Lumpur, a greenfield hotel expected to open in 2027. Positioned near Kuala Lumpur Sentral, the lyf property aims to cater to modern bleisure travelers and digital nomads, fostering community-driven flexible living experiences. Meanwhile, Lexis Hotels & Resorts Sdn Bhd is preparing to launch two hotels, Lexis Hibiscus 2 and Imperial Lexis Kuala Lumpur, with a total GDV of RM1.22 billion. In anticipation of heightened international travel in 2024, Malaysia and Southeast Asia prioritize domestic adventures and staycations, emphasizing adaptability to evolving Covid-19 regulations and sustainable options. Wellness tourism grows in Malaysia, focusing on relaxation and rejuvenation. The rise of "bleisure travel" aligns with the remote work culture. Despite challenges, the Malaysian travel industry expected to resilient, stressing innovation, collaboration, and adaptability. Targeting specific markets, boosting tourism from China and India, and positioning as a premier MICE destination are key goals amid disruptions in the global supply chain network. Other updates include Shangri-La Hotels (Malaysia) Berhad securing a five-year Hotel Management Agreement (HMA) with Shangri-La Hotel Management (MY) Pte Ltd Hong Kong, covering various services. The agreement, effective from January 1, 2024, allows for potential renewals over the following decade, providing Shangri-La KL the opportunity to fully leverage the brand's strength and global network. For more details on this week’s hospitality updates, do visit https://lnkd.in/gTV2F9Cy   #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #ttourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership