The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreFeb 2021
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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.
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.
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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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:
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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.