PETALING JAYA: While Malaysia’s hotel average occupancy rate is poised to grow to 32% in 2020, more than three times its present level, the sector could see up to 15% of its businesses shutting down permanently due to the impact of the Covid-19 pandemic.
Malaysian Association of Hotels (MAH) chief executive officer Yap Lip Seng(pic below) said the overall hotel average occupancy rate is expected to be around 25.41% for this year.
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