2022-03-04-莱坊-Malaysian_Hotel_Market_Update_March_2022_2页_842kb

报告摘要

Economic Update Summary

Core Content

Malaysia's economy showed signs of recovery in the fourth quarter of 2021, with a GDP rebound of 3.6%, following a 4.5% decline in the third quarter. This indicates an improved economic outlook for the coming months. The government is focusing on job creation and supporting entrepreneurs to sustain this growth.

Main Views

GDP Forecast for 2022: The GDP is expected to grow between 5.5% and 6.5% year-on-year, driven by factors such as full economic reopening, pent-up domestic demand, and continued strong external demand.
Government Initiatives:
- SemarakNiaga Keluarga Malaysia Programme: Provides RM40 billion in financing, working capital, or equity injections to businesses affected by the pandemic.
- Jamin Kerja Initiative: Aims to create 600,000 job opportunities to reduce the unemployment rate.
International Borders Reopening: The government is optimistic about the reopening of international borders, which is expected to boost economic recovery.

Key Information

The reopening of international borders is a major driver of economic recovery.
Domestic demand is expected to be strong due to pent-up consumer spending.
External demand remains robust, supporting Malaysia's economic growth.
The SemarakNiaga Keluarga Malaysia Programme is a significant financial support initiative for affected businesses.
The Jamin Kerja Initiative targets job creation to reduce unemployment.

Hotel News Summary

Core Content

Malaysia has launched a new outdoor theme park, Genting SkyWorld Theme Park, which officially opened on 8 February. The park is expected to attract 20,000 visitors at 50% capacity due to pandemic restrictions. This opening is anticipated to contribute to the recovery of the conglomerate's business.

International Travel Perspective Summary

Core Content

Several countries have updated their travel regulations to facilitate international travel:

Saudi Arabia: Made the booster dose mandatory for Malaysian umrah pilgrims.
Philippines: Opened its borders to foreign visitors from 10 February, with mandatory PCR test results and travel insurance coverage of US$35,000 (approx. RM147,000).
India: No longer requires RT-PCT test or quarantine for fully vaccinated Malaysian travelers, effective from 14 February.
Brunei and Malaysia: Agreed on the Vaccinated Travel Lane for air and land travel, offering four flights a week.
Thailand: Eased entry rules for vaccinated travelers, scrapping the mandatory PCR test on the fifth day of arrival, effective from 1 March.
Australia: Fully reopened its international borders from 21 February after two years of closure due to the pandemic.

Vaccine Progress Summary

Core Content

As of 28 February 2022, Malaysia's vaccination program has seen progress, with the following key data:

Total number of people registered for the vaccine: 22.2 million (unchanged from 2 February).
Total number of doses given: 67.2 million (an increase from 63.6 million on 2 February).
7-day moving average: 123,571 cases (a decrease from 146,750 on 2 February).
Vaccination Coverage:
- At least 1 dose: 82.5% (up from 79.8%).
- 2 doses: 78.8% (slightly increased from 78.7%).
- Boosted: 44.6% (up from 36.8%).

The number of cases peaked on 24 February, with 32,070 cases reported, showing a gradual increase from 5,000 cases on 1 February.

Hotels Available for Sale via Knight Frank

Core Content

Several hotels in Malaysia are currently available for sale, with the following details:

Hilton Garden Inn Kuala Lumpur
- Tenure: Freehold
- No. of Rooms: 532 keys
KL Eight Suites Bukit Bintang
- Tenure: Freehold
- No. of Rooms: 33 keys
Confidential 5-star Hotel, Penang
- Tenure: Freehold
- No. of Rooms: 316 keys
Confidential, Kuala Lumpur
- Tenure: Freehold
- No. of Rooms: 253 keys
Former Holiday Inn Resort Penang
- Tenure: Freehold
- No. of Rooms: 361 keys
Confidential 5-star Resort, Pahang
- Tenure: Leasehold
- No. of Rooms: 305 keys
Award Winning Lifestyle Hotel, Melaka
- Tenure: Freehold
- No. of Rooms: 60 keys
Loop on Leith, Georgetown
- Tenure: Freehold
- No. of Rooms: 140 keys
Confidential, Kuala Lumpur (another listing)
- Tenure: Freehold
- No. of Rooms: 210 keys
Confidential, Kuala Lumpur (another listing)
- Tenure: Freehold
- No. of Rooms: 103 keys

Contact Information

For more information, please contact:

James Buckley (MRICS, REN16142)
- Phone: +6010 - 5114906
- Email: james.buckley@my.knightfrank.com
Michelle Chin (PV2601)
- Phone: +6010-824 8426
- Email: michelle.chin@my.knightfrank.com