Kuala Lumpur: Top Tier Hotel Market
By Sen Soon Mun on September 23, 2021
2020 was a year hoteliers would like to forget. It was a devastating year for the travel and hospitality industry. Unfortunately, 2021 is another devastating year as the Covid-19 pandemic drags on until at least the last quarter of the year. How will the hotel market look post-pandemic?
In Kuala Lumpur, the luxury and upper upscale hotel markets have another challenge; significant new supply in the pipeline. In this report, we look at how the luxury and upper upscale hotel markets will fare in these challenging times, as we attempt to assess the double impacts of Covid-19 and the high number of new hotels on the markets in the next decade.