Malaysia tourism

Cancellations, rising diesel costs and weak demand leave industry players facing mounting pressure

This follows the opening of its first regional resort in Desaru Coast, where the group also plans to develop branded residences

Set within nearly 52 hectares of rainforest, the property has 44 suites and a four-bedroom pool villa

Travel platforms and money changers say the firmer currency is loosening residents’ purse strings for trips abroad

Group bought back majority stake it sold to GIC 20 years ago; multi-phase redevelopment to be completed by end 2027

International partnerships, including a Malaysia healthcare week held in Kuwait to attract patients from the Middle East, form part of the country’s initiative

The group is today much more than a casino operator – with a hand in property, plantations and energy

But industry players insist Desaru is primed for growth with better connectivity and fresh hotel investments

It fell short of its 27.3 million target that the tourism, arts, and culture ministry had set last year