Market Report: Kuala Lumpur – Upper Upscale & Luxury Market
By Sen Soon Mun on May 30, 2019
By 2023, approximately 3,000 guestrooms of the top-end segment will have entered the Kuala Lumpur luxury hotel market. Big brands such as Banyan Tree, Four Seasons and W made their presence in 2018, and brands such as Equatorial, Conrad, Regent, Jumeirah, SO Sofitel, Park Hyatt and Kempinski have began, or are expected to begin, operations within the next 5 years.
How is the top end of the hotel market faring over the last 5 years? Is there room for another 3,000 guestrooms? Which of the 3 main locations in Kuala Lumpur (Bukit Bintang, KLCC and KL Sentral) saw hotels performing better? Do the hotels in these locations exhibit any performance trends with each other? Sen Soon-Mun, from Horwath HTL Malaysia, answers the big questions.