Suncity confident hotel occupancy rates will return to normal by Q2 next year

SUNWAY City Bhd (Suncity), the owner of Sunway Lagoon Resort Hotel which saw occupancy rates drop to a historic low of 40% in April, sees a glimmer of hope this month as the trend has bottomed out and things are likely to return to normal by the second quarter of this year. 

And the company, which also owns and runs Sunway Pyramid shopping mall and Sunway Lagoon theme park, looks set to operate another 562-room hotel by the middle of next year.