We cover hotels for sale and resorts for sale in KL (Kuala Lumpur), Melaka, Langkawi, Sabah, Kota Kinabalu, Penang and most of Malaysia

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We cover hotels for sale and resorts for sale in KL (Kuala Lumpur), Melaka, Langkawi, Sabah, Kota Kinabalu, Penang and most of Malaysia
The year 2011 recorded encouraging growth in tourism with tourist arrivals rose to 24.7 million compared to 24.6 million in 2010 while the tourist receipts climbed to RM58.3 billion from RM56.5 billion the previous year. This is in accordance with the 'Malaysia Tourism Transformation Plan 2020' of achieving 36 million tourist arrivals and RM168 billion receipts by year 2020. The Ministry of Tourism is anticipating more arrivals in year 2012 and sets the mark at 25 million. The ministry is upbeat about tourism industry due to the growing image of Malaysia as one of the 'Top and Luxury Destination' at the international level, thanks to the Tourism Ministry which is aggressively promoting Malaysia as a luxury destination in bid to attract high yield tourists to the country. Moreover, the announcement of incentives for hospitality sector in Budget 2012 such as granting Pioneer status or investment tax allowance to investors undertaking new investments in 4 and 5 star hotels in Peninsular Malaysia are expected to further spice up the activities in local hospitality industry.

Malaysia's popularity as a medical tourism destination also witnessing a staggering growth with the number of foreigners seeking healthcare services increasing each year. Medical tourism in Malaysia recorded a whopping RM509.77 million in medical tourism receipts while foreign patients count was 578,403. Thus, Malaysia Healthcare Travel Council (MHTC) forecasted revenue from medical tourism to reach RM548 million from a total of 600,000 patients in 2012. In a recent announcement, Malaysian Association of Hotels (MAH) predicted that hotels in Malaysia will observe increases in occupancy, particularly those in the KL (Kuala Lumpur City Centre) whereby it is expected that the hotels will achieve an average occupancy rate of 68 % for the year 2012, up from 65 % in 2011. Other locations to have increase will include Melaka, Langkawi, Sabah, Kota Kinabalu, Penang and most of Malaysia.