60
ANNUAL REPORT 2015
FRASERS HOSPITALITY TRUST
OPERATIONS REVIEW
MALAYSIA
International arrivals in Malaysia
were down year-on-year by 8.6% for
the first three months of 2015. The
slowdown in activity in the country’s
oil and gas industry as a result of
low oil prices led to a reduction of
corporate travel. In addition, the
aviation incidents involving Malaysia
Airlines as well as more recent
political uncertainty resulted in fewer
leisure arrivals from the country’s key
source markets (Singapore, China,
Australia and Japan). As at July 2015,
occupancy in KL declined by 11.1%
year-on-year to 63.9% while ADR
declined by 4.9% year-on-year to
MYR362.
For FY2015, The Westin Kuala
Lumpur recorded a decrease of 9.6%
in RevPAR compared to forecast.
The introduction of Goods and
Service Tax in April 2015 impacted
both room and F&B revenues. GR
decreased by 17.3% to MYR29.8
million and NPI decreased by 19.5%
to MYR27.4 million, relative to
forecast.
The Westin Kuala Lumpur, Prego
504.0
78.8
397.0
500.0
71.7
359.0
ADR (MYR)
AVE OCC (%)
REVPAR (MYR)
Q
Actual
FY2015
Q
Forecast
