Malaysia's hotel rates may cost 30% more in 2024 but experts see minimal impact on tourism sector

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 84 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

SINGAPORE: Amid a forecasted hike in the prices of hotel rooms in Malaysia next year, some travellers say that they may opt for alternative accommodations or arrangements though experts believe that the spike in prices is unlikely to have a major impact on international tourism.

In a report last Friday , Malaysian Association of Hotels president Christina Toh said that hoteliers in the country may raise the prices of rooms by 30 per cent, owing to an increase in theSingaporeans whom CNA spoke to said that the move to raise the prices of hotel rooms may push them to consider other options when visiting the country, such as using the online marketplace Airbnb. Others said that they may choose a different country in the region for their vacation.

While she may halt her extended vacations to other parts of Malaysia, Ms Hanisah said that she will continue travelling to Johor Bahru for her monthly grocery shopping due to the favourable exchange rate.Similarly, Ms Adriana, a 25-year-old preschool teacher, said that she will continue her trips to Malaysia as most of her travel there has consisted of day trips to Johor Bahru.

“If the increase in price is too drastic, I guess I won’t be travelling solo. With more people, you will be able to lower your travel budget,” said Mr Farizul Ikhmal, who works as a content safety labeller for a social media company. “Our currency is very stable and I think I can still afford to stay in Malaysia and enjoy my vacation there,” she said.

“Firstly, Singaporeans have significant spending power in Malaysia, particularly if the current strong Singapore to Malaysia currency exchange rate remains stable or continues to rise,” said senior marketing communications manager Mr Jeremiah Wong. “Regardless of how hotels respond, the effect will be felt throughout the industry and is expected to influence room rates.”

Dr Wong explained that due to a shortage of manpower in Malaysia’s tourism industry during the COVID-19 pandemic, increased wages were needed to attract workers to the hotel industry. Utility and other supply costs have also rapidly increased after the pandemic, she said. Meanwhile, Dr Kevin Cheong, adjunct faculty at Singapore Management University and University of Newcastle, Australia asked if the drastic price hike “would … be deemed as ‘profiteering’ from the SST increase”.INTERNATIONAL TOURISM LIKELY UNAFFECTED

Source: Holiday News (holidaynews.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore’s next General Election likely in 2024, say analysts after PM Lee reveals handover planPrime Minister Lee Hsien Loong says he will hand leadership to Deputy Prime Minister Lawrence Wong by the next General Election, and before November 2024 “if all goes well”.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

PM Lee says handover of leadership to DPM Lawrence Wong likely happen before Nov 2024Prime Minister Lee Hsien Loong has stated that he will hand over the reins as Prime Minister to Deputy Prime Minister Lawrence Wong before the PAP's 70th anniversary in November next year. He shared this at the People's Action Party's (PAP) biennial convention held at the Singapore Expo Convention and Exhibition Centre on Sunday (Nov 5).
Source: asiaonecom - 🏆 10. / 59 Read more »

Talking Point 2023/2024 - Money Laundering: How Does It Affect Me?A S$2.8bil money laundering case is one of the biggest uncovered in Singapore. Steven Chia finds out what exactly it involves, and how does it really affect you?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Increased COE quota for Category A, B, and C from Nov 2023 to Jan 2024Looking ahead, the COE quota for Categories A, B, and C is expected to continue its upward trajectory in 2024
Source: IndependentSG - 🏆 2. / 72 Read more »

Biden trails Trump in key states ahead of 2024 election: PollMore than 70 per cent of respondents said Biden is too old to be president, while only 19 per cent said Trump is too old. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »

Biden trails Trump in states likely to decide 2024 US election, polls showDemocratic President Joe Biden trails
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »