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AMIT Saberwal went through many a sleepless night when he first began pitching the idea that became South-East Asia’s top online budget-hotels service, RedDoorz.
PETALING JAYA: The Malaysia Budget Hotel Association (Mybha) intends to improve the competitiveness of budget hotels in the country, as the sector continues to face stiff competition from online booking platforms such as Airbnb.
After some delays, Malaysia is set to switch off its free-to-air analogue TV broadcasting service in less than two months.
PETALING JAYA: More Malaysians are relying on Airbnb to settle their mortgages given the property overhang that is engulfing the sector.
Loss-making Harn Len Corp Bhd, which is disposing of its 5,249.7-acre oil palm estate in Pahang, will continue its plantation business in the state, contrary to its earlier plan to exit the Peninsular Malaysia market.
AS owners and guests sit down to a grand dinner at the official opening of the new Four Seasons Hotel Kuala Lumpur in November 2018, the Grand Seasons Hotel prepares to close.
INDIA-based OYO Hotels is looking to expand its presence in the South-East Asian market through its toehold in Malaysia.
THE selling price of heritage properties in George Town is expected to consolidate between RM550 per sq ft (psf) and RM1,800 psf because interest from overseas investors has waned due to unattractive rental yields and high asking price.
But hospitality industry faces competition from private accommodation providers
KUALA LUMPUR: Unsold properties can be redeveloped or repurposed to match market demand, according to property consultants.