Hotel and REIT industry poised to get a lift


File pic - LIM BENG TATT /The Star

KUALA LUMPUR: The reopening of international borders this Friday is set to be a boon especially for hotel and retail real estate investment trusts (REITs) players, which has been hit hard by the pandemic.

MIDF Research in a report yesterday said the reopening of country borders, which have remained closed for two years, is expected to stimulate tourism activities in Malaysia.

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