Hotel operators continue to be optimistic as tourism in Malaysia recovers with the number of outlets and rooms expected to see significant growth over the forecast period as players look to capitalise on the increased demand. For example, in terms of luxury hotels there are several significant new openings planned for the forecast period.
There is expected to be a strong appetite among millennial travellers for stays and experiences in private villas or luxury accommodation with there a being a global shift in spending behaviour from material goods to spending on experiences. This is reflected in the growth projections for hotels, with luxury hotels and upscale hotels expected to see more dynamic growth in value terms (at constant 2023 prices) than budget or mi-market hotels.
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Understand the latest market trends and future growth opportunities for the Lodging (Destination) industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Lodging (Destination) industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Lodging (Destination)
Lodging (Destination) covers the main types of lodging used by inbound and domestic tourists, providing a destination point of view (also known as point of supply). Lodging value is measured in terms of the price paid for lodging by the consumer and businesses based on total room sales. It does not include food and drinks or any other form of revenue that is not directly related to lodging, such as events and conferences and guest services, such as gym, spa, shop, room service, restaurant and café. Lodging volume is measured in terms of number of outlets and rooms at year end, and room nights as total of the full year.
See All of Our DefinitionsThis report originates from Passport, our Lodging (Destination) research and analysis database.
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