KL's Luxury Hotel Race: 12 Properties Today, 18 Within Five Years, Consultants Tell Nanyang
Nanyang Siang Pau reports consultants' estimates that Kuala Lumpur's luxury hotel count will grow from around 12 properties to 18 within five years, with luxury occupancy at 65–68% and the last twelve months showing occupancy up 2% but average rates down 2%. The trade is volume for rate — exactly the pattern an oversupply thesis predicts.
