Insight - Retail, hotels and travel struggle for survival

TheStar Mon, May 24, 2021 08:30am - 2 years View Original


“Many hotels are not able to sustain any longer; in the current environment, closing down is inevitable, ’’ said Malaysian Association of Hotel Owners executive director Shaharudin M Saaid.(pic)

HIT again with lockdowns from this new Covid-19 variant, the retail, hotel and travel sectors are struggling to sustain.

Hotels and travel companies are hit big time; some related to the retail sector are getting creative, and seeing gradual take-up of their services, while others still struggle with the lack of consumer spending.

Hotels are estimated to have lost RM150mil a week during this movement control order (MCO) 3.0, even as they were hoping to get some business during the Ramadan berbuka puasa buffets and Hari Raya holiday break.

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