Thursday, 15 Oct 2020 11:50 AM MYTThe hospitality sector is experiencing another dip in revenue following the return of the conditional movement control order. — Picture by KE Ooi
“The major impact is on overall domestic tourism, and with the increase in cases since October 1, we saw immediate reactions from the market with popular destinations receiving cancellations for both room reservations as well as events. Yap noted that they anticipate a drop of up to 15 per cent in occupancy rate over the next few weeks.
Yap said they had expected to enter a recovery period for the tourism sector in the middle of 2021, however due to the current situation he said it will likely be by end of next year.
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