2023-02-01-莱坊-Malaysian_Hotel_Market_Update_Q4_2022_2页_401kb

报告摘要

Malaysian Hotel Market Summary (4Q 2022 Update)

Core Content

The Malaysian hotel market is currently experiencing a period of recovery and growth, driven by economic expansion, political stability, and the gradual reopening of international borders. The country is also witnessing significant developments in hotel brand expansion and new property launches, which are expected to further boost the sector.

Economic Performance

GDP Growth: Malaysia's economy expanded at its fastest pace in over a year in Q3 2022, growing by 14.2% YoY, surpassing the consensus of 12.5% and the 8.9% growth in Q2.
Export Growth: Goods and services exports grew significantly to 23.9% YoY, up from 10.4% in Q2. Goods exports increased sharply to 19.5% YoY compared to 7.4% in Q2.
Services Sector: The services sector saw growth rise to 16.7% YoY in Q3, up from 12% in Q2, fueled by the accommodation and transportation sectors following full-border reopening.
Current Account Surplus: The current account surplus increased sharply to MYR14.1bn in Q3 from MYR4.4bn in Q2, largely due to a strong electronics export performance.

Political Developments

General Election: The 19 November 2022 general election resulted in a hung parliament, with no coalition securing a clear majority.
Prime Minister Appointment: The royal decree appointed Anwar Ibrahim from the Pakatan Harapan (PH) coalition as the 10th Prime Minister, which was positively received by the market.
Market Reaction: The KLCI index rose nearly 4%, and the Malaysian Ringgit strengthened by over 1% following the announcement.

International Travel Outlook

Malaysia Airports Holdings (MAHB): Recorded 8.34 million passengers in October 2022, reaching 71.1% of the pre-pandemic level in October 2019 and double the number from October 2021.
China's Travel Policy: China's easing of its Covid-19 measures has generated optimism for the Asia-Pacific tourism sector, as Chinese travelers historically accounted for 22% of arrivals in Southeast Asia in 2019.

Hotel Market Developments

Brand Expansion: Malaysia is set to be the first country to operate all 3 Onyx brands (Ozo, Shama, Amari) outside of Thailand. By the end of 2023, the country will have 7 properties.
- Ozo Medini Iskandar: 198 keys, opening in Q4 2022.
- Shama Medini Iskandar: 232 rooms, opening in Q1 2023.
- Shama Suasana Johor Bahru: 232 rooms, opening in Q1 2023.
New Hotel Projects:
- Tradewinds Corp: Building 3 new hotels – Waldorf Astoria KL, Hilton Burau Bay Resort Langkawi, and Langkawi Intercontinental Penang Resort, all set for completion by 2024.
- Pan Pacific Hotels Group: Opened Pan Pacific Serviced Suites Kuala Lumpur, a 25-storey high-rise with 210 suites, as part of a global expansion plan to double its serviced suites portfolio by 2023.
Swiss-Belhotel International: Planning to rebrand the LaCrista Hotel in Melaka as a luxury five-star hotel, with 225 furnished rooms, and aims to expand to 10 hotels with 2,000 rooms by 2025.

Hotel Availability for Sale

Several high-end hotels and resorts are currently available for sale via Knight Frank in Malaysia:

Hotel Name	Location	Tenure	No. of Rooms
DoubleTree by Hilton, Melaka	Melaka	Leasehold	273 keys
Boutique Hotel, Georgetown	Georgetown	Freehold	140 keys
Confidential, Kuala Lumpur	Kuala Lumpur	Freehold	210 keys
Confidential, Kuala Lumpur	Kuala Lumpur	Freehold	103 keys
Hilton Garden Inn Kuala Lumpur	Kuala Lumpur	Freehold	532 keys
Boutique Hotel, Bukit Bintang	Kuala Lumpur	Freehold	33 keys
Confidential 5-star Hotel, Penang	Penang	Freehold	316 keys
Confidential, Kuala Lumpur	Kuala Lumpur	Freehold	253 keys
Beachfront Hotel, Penang	Penang	Freehold	361 keys
Confidential 5-star Resort, Pahang	Pahang	Leasehold	305 keys
Award Winning Lifestyle Hotel, Melaka	Melaka	Freehold	60 keys

Key Trends and Outlook

The hotel sector is showing signs of recovery and growth, with rising Average Revenue Per Room (ARR) and occupancy rates in key cities like Kuala Lumpur.
The tourism market is expected to rebound by late 2024 or early 2025, coinciding with the resumption of international travel in China.
The availability of high-end properties for sale presents a unique opportunity for investors, especially in the context of the sector's recovery and future expansion plans.