Hotels poised for meaningful recovery from pandemic decline

Analysts expect the strong growth in inbound tourists to continue in the coming quarters. — Reuters

HOTELIERS are poised to see a rebound as tourists continue to enter the country in record numbers, possibly already exceeding earlier projections made by the authorities. Interestingly, the rebound in tourism numbers are not only happening domestically but internationally as well.

This would see companies with overseas hotel assets benefit while domestic-centric hoteliers are likely to experience increased gains from any sustained weakness in the ringgit foreign-exchange differentials.