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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in Malaysia

Feb 2021

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!

2020 IMPACT

Luxury hotels struggle under Malaysian lockdown in 2020

Malaysia’s strict lockdown regulations resulted in low hotel occupancy in the beginning of 2020. Some hotels were considered as essential services, and were allowed to operate during Movement Control Order (MCO) enacted between 18 March and 4 May.

Luxury hotel players turn to promotional packages to entice consumers during reopening

Once the country started phasing out restrictions with the Recovery Movement Control Order (RMCO) phase, domestic tourism and interstate travel was permitted to begin in July 2020, marking the beginning of the reopening of luxury hotels in Malaysia. However, border closures still prevented international tourists from arriving in the country, forcing luxury hotel players to refocus their strategies on domestic tourism.

2020 will be a lacklustre year for luxury hotels

Due to various restrictions imposed by the Malaysian government to curb the spread of COVID-19, 2020 is set to be gloomy year for luxury hotels. Since border closures lasted through the end of 2020, the lack of international tourists had a detrimental effect on the demand for luxury hotels.

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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

KEY DATA FINDINGS

2020 IMPACT

Luxury hotels struggle under Malaysian lockdown in 2020

Luxury hotel players turn to promotional packages to entice consumers during reopening

2020 will be a lacklustre year for luxury hotels

RECOVERY AND OPPORTUNITIES

Slow recovery for luxury hotels in the forecast period due to dismal inbound tourism prospects

Demand will stem from domestic tourism hotspots

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2015-2020
Table 2 Sales in Luxury Hotels: % Value Growth 2015-2020
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2015-2020
Table 4 NBO Company Shares in Luxury Hotels: % Value 2015-2019
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2016-2019
Table 6 Forecast Sales in Luxury Hotels: Value 2020-2025
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2020-2025

Luxury Goods in Malaysia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Luxury Hotels in Malaysia

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Luxury hotels struggle under Malaysian lockdown in 2020

Luxury hotel players turn to promotional packages to entice consumers during reopening

2020 will be a lacklustre year for luxury hotels

Overview

Why buy this report?

SAMPLES

Delivery

Overview

Want to find out more about this report?

Table of Contents

Luxury Hotels in Malaysia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Luxury hotels struggle under Malaysian lockdown in 2020

Luxury hotel players turn to promotional packages to entice consumers during reopening

2020 will be a lacklustre year for luxury hotels

RECOVERY AND OPPORTUNITIES

Slow recovery for luxury hotels in the forecast period due to dismal inbound tourism prospects

More affordable hotels will post stiff competition to luxury hotels in forecast period

Demand will stem from domestic tourism hotspots

CATEGORY DATA

Luxury Goods in Malaysia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES

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