Report: New tourism tax could hurt hotel operators

PETALING JAYA: A new tourism tax bill passed by Parliament last week could hurt hotel owners, including Genting Malaysia Bhd and Sunway Real Estate Investment Trust (REIT), CIMB Research said in a report.

The bill will allow the government to impose a tourism tax on a tourist staying at any accommodation premises made available by an operator at the rate fixed by the minister in accordance with the law.