KUALA LUMPUR: The hotel industry is calling on the government to address persistently low room rates and rising operational costs for the upcoming Bud...
: The hotel industry is calling on the government to address persistently low room rates and rising operational costs for the upcoming Budget 2025 to be tabled on Oct 18.
For instance, he said that while five-star hotels in the region charge US$400-500 per night , Malaysian hotels in the same category only charge RM320-450, which is not equivalent. In its Budget 2025 memorandum submitted to the Finance Ministry, Shaharuddin said MAHO has proposed that Malaysian hotels consider charging foreign tourists in US dollars to match the rates charged in similar hotel brands overseas.Shaharuddin said this move would help hotels generate higher yields, enabling them to allocate more resources for maintenance, renovation and employee remuneration.
He said another pressing issue is the increase in the minimum wage to RM1,500, coupled with the reduction in weekly working hours under the Employment Act amendments, further strained hotel finances.
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