Cover Story: Hotel transactions to pick up in the near term. [Newspaper] (2021)
Abstract
The hospitality industry has been hit hard by the Covid-19 pandemic and tourist arrivals have slowed to a trickle. The pandemic has also had an impact on hotel transactions. But interest in Malaysian hotels has been growing, with property experts expecting a recovery in the number of transactions in the near future.
“We conducted a survey in late 2020 on investment intentions in the Malaysian hospitality sector and got feedback from hotel owners and operators,” says Knight Frank executive director of capital markets James Buckley.
“Malaysia is ranked as one of the top three investment destinations within Southeast Asia, after Thailand and Singapore. Interestingly, our survey indicated that 36% of respondents want to acquire hotels within the next six months to three years, with 8% within the next six to 12 months,” he says.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Malaysian hotels, Hospitality industry, Tourism Malaysia, Hotel Management |
| Taxonomy: | By Subject > Hotel & Tourism Management > Hotel Management By Subject > Hotel & Tourism Management > Tourism Management |
| Local Content Hub: | Subjects > Hotel & Tourism Management |
| Depositing User: | Ilya Nur Fateen Othman |
| Date Deposited: | 18 Jun 2021 03:12 |
| Last Modified: | 18 Jun 2021 03:12 |
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