Horwath HTL Indonesia and C9 Hotelworks Company have produced a new Hotel & Branded Residences report about Kuala Lumpur.
“Kuala Lumpur hoteliers are bracing themselves for an onslaught of new supply following solid performance in 2014 when rate growth was low, but occupancy remained strong. With a slew of confirmed luxury hotels opening between 2016 and 2021, the market is expected to experience short-term decline in occupancy levels. Average room rates though may see better growth as the new luxury supply is expected to position rates in congruous to their product and brand standards. The performance of the top-tier hotels in Kuala Lumpur serves as a barometer for the overall hotel market as the mid- and lowertier hotels tend to maintain a certain rate gap between them.”
To download the report, please click here.