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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in Malaysia

Jan 2020

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Rising visitor numbers fuel demand for luxury hotels

Although Malaysia has not met tourist arrival targets for five consecutive years, the country’s hotel market continues to grow. While the pace of growth has slowed, the number of new luxury hotels continues to increase, especially in the Klang Valley (Kuala Lumpur and Selangor).

Focus on Malaysian culture and heritage to attract visitors

Luxury hotels are increasingly being seen as a way to help visitors engage with local culture and heritage. For instance, the recently opened W Kuala Lumpur offers both traditional and modern elements of the Jungle City in its room designs, incorporating W essentials such as signature W beds with indigenous “Wau” tassels, which are commonly featured on Malaysian kites.

Staycation and dining experience trends boosting demand

The staycation trend, whereby local consumers are opting for short breaks rather than longer holidays abroad, is helping to boost demand for luxury hotels. In addition, a growing number of hotels are looking to partner with fine dining experience providers in order to offer added value.

COMPETITIVE LANDSCAPE

International brands benefit from reputation for quality service

Luxury hotels continues to be dominated by leading international chains such as Marriott International. The company offers several highly reputable hotel brands, including JW Marriott, The Ritz-Carlton, St Regis as well as Small Luxury Hotels and The Luxury Collection.

Focus on added value via unique dining experiences

Luxury hotels in Malaysia are increasingly focusing on offering unique dining experiences as part of their competitive strategies. For example, a huge Fernando Botero sculpture, simply called Horse, in The Drawing Room of the St Regis Kuala Lumpur seeks to attract art enthusiasts.

Launch of new luxury brands in response to growing demand

Luxury hotel groups will continue to focus on launching more new luxury brands over the forecast period. For example, the Conrad Kuala Lumpur is expected to open in 2021 in a joint partnership between Hilton and PNB Property.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in Malaysia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Hotels (5-star plus) industry in Malaysia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in Malaysia market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Hotels (5-star plus) in Malaysia?
What are the major brands in Malaysia?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Travel and Tourism market research database

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Luxury Hotels in Malaysia - Category analysis

HEADLINES

PROSPECTS

Rising visitor numbers fuel demand for luxury hotels

Focus on Malaysian culture and heritage to attract visitors

Staycation and dining experience trends boosting demand

COMPETITIVE LANDSCAPE

International brands benefit from reputation for quality service

Focus on added value via unique dining experiences

Launch of new luxury brands in response to growing demand

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2014-2019
Table 2 Sales in Luxury Hotels: % Value Growth 2014-2019
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2014-2019
Table 4 NBO Company Shares in Luxury Hotels: % Value 2014-2018
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2015-2018
Table 6 Forecast Sales in Luxury Hotels: Value 2019-2024
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2019-2024

Luxury Goods in Malaysia - Industry Overview

EXECUTIVE SUMMARY

Drop in consumer confidence slows growth within luxury goods

Booming tourist numbers and retail developments boosting sales

International players continue to dominate sales

Monobrand outlets facing growing competition from internet retailers

Future luxury goods sales dependent on macroeconomic trends

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2014-2019

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2014-2019
Table 10 Sales of Luxury Goods by Category: % Value Growth 2014-2019
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
Table 12 NBO Company Shares of Luxury Goods: % Value 2014-2018
Table 13 LBN Brand Shares of Luxury Goods: % Value 2015-2018
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2019
Table 15 Forecast Sales of Luxury Goods by Category: Value 2019-2024
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024

Megatrends

Country Report

Luxury Hotels in Malaysia

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Rising visitor numbers fuel demand for luxury hotels

Focus on Malaysian culture and heritage to attract visitors

Staycation and dining experience trends boosting demand

COMPETITIVE LANDSCAPE

International brands benefit from reputation for quality service

Focus on added value via unique dining experiences

Launch of new luxury brands in response to growing demand

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Luxury Hotels in Malaysia - Category analysis

HEADLINES

PROSPECTS

Rising visitor numbers fuel demand for luxury hotels

Focus on Malaysian culture and heritage to attract visitors

Staycation and dining experience trends boosting demand

COMPETITIVE LANDSCAPE

International brands benefit from reputation for quality service

Focus on added value via unique dining experiences

Launch of new luxury brands in response to growing demand

CATEGORY DATA

Luxury Goods in Malaysia - Industry Overview

EXECUTIVE SUMMARY

Drop in consumer confidence slows growth within luxury goods

Booming tourist numbers and retail developments boosting sales

International players continue to dominate sales

Monobrand outlets facing growing competition from internet retailers

Future luxury goods sales dependent on macroeconomic trends

MARKET INDICATORS

MARKET DATA

SOURCES

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