Kuala Lumpur’s Urban Push Attracting Luxury Hotel Brands. An expanding urban city skyline is the subject of the new Kuala Lumpur Hotel & Hotel Residences Update by Horwath HTL and C9 Hotelworks. With Malaysia forecasting 28 million visitors in 2018, the county’s economic growth is on an upward trajectory bolstered by strong exports and rising domestic spending.
This positive sentiment is represented in the report’s data that shows Kuala Lumpur’s luxury hotel demand now outpacing supply growth. Another key trend is in the real estate sector with hospitality brands joining with property developers and achieving 25-35% pricing premiums.