PETALING JAYA: The local hotel industry has laid off 4% of its employees as of March 20, with more taking unpaid leave and a pay cut as the sector buckles from the impact of the Covid-19 pandemic.
The Malaysian Association of Hotels (MAH) has projected a revenue loss of RM560.72mil for just the movement control order (MCO) period, with occupancy rates projected to fall to a dismal 11%.
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