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Kuala Lumpur Halts Hotel Project Pipeline

Category: Hotels, Posted:26 Feb 2016 | 09:12 am

Making international news out of Malaysia, is the city of Kuala Lumpur who has put a freeze on new hotel licenses for an unspecified period.

 This includes all tiers from budget to luxury properties, but excludes those hotels which have obtained approval yet have not commenced construction.

 Meanwhile Bali Update has reported that the Indonesian Chamber of Commerce has written to the governor of the island asking for a moratorium on new hotel projects due to an oversupply of rooms.

 Certainly Asia’s primary urban and resort destinations have experienced a significant surge of new hotels over the past five years and there are now concerns about a glut in many markets.

 Here in Phuket, the important issue of zoning and long-term planning seems to have been put on the back-burner as the government continues to focus hitting the 30 million and above tourism market.

 We continue to see stressed independent properties on the island looking for commercial relief by branding and  the incoming supply continues to mount.

 

Other News

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Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]