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April 27, 2020

Covid-19 impact: Plenitude temporarily closes three hotels in Malaysia

Malaysia-based Plenitude has decided to temporarily close three hotels as Covid-19 pandemic has significantly affected its hospitality businesses.

Malaysia-based Plenitude has decided to temporarily close three hotels as Covid-19 pandemic has significantly affected its hospitality businesses.

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According to local sources, the company announced the decision through a stock exchange filing to Bursa Malaysia.

The move involves temporarily shutting down Mercure Penang Beach and The Gurney Resort Hotel and Residences, in Penang, and Travelodge Ipoh, in Perak with immediate effect.

Additionally, the company has decided to downsize operations in other locations.

In the statement, Plenitude said: “This decision is a direct result of the Covid-19 pandemic which has severely impacted the company’s hospitality businesses.”

The company further noted that the hospital business has been significantly affected due to prevailing restrictions on domestic and international travels.

It further said that Plenitude is taking appropriate measures to ensure the ensure safety of the guests and staff.

A public-listed company, Plenitude Berhad is involved in property development, property investment and hotel management.

According to the company website, Plenitude entered the hospitality business in 2001 with 220 rooms.

The company’s current portfolio includes more than 1,800 hotel rooms. Additionally, Plenitude has also expanded to South Korea.

Meanwhile, more than 5,800 people are infected by the Covid-19 disease in Malaysia, as of 27 April. The death toll stands at 99.

Globally, the number of confirmed novel coronavirus cases is now nearly three million, while the death toll has surged to 207,000.

Related Companies

Free Report
img

Find tourism opportunities in the ASEAN region

Do you want clear and detailed insight into one of the world’s most exciting and burgeoning tourism destinations? Read GlobalData’s Association of South-East Asian nations (ASEAN) destination tourism market report for an analysis of destination markets, infrastructure and attractions, main and emerging source markets, as well as risks and opportunities in the ASEAN region. This report includes:
  • In-depth analysis of the ASEAN countries as tourist destinations
  • Detailed analysis of the key source markets, trends, and issues
  • Leveraging of GlobalData’s datasets to explore trends related to international arrivals and spending, tourism segments, construction, airlines, and hotel developments
  • Analysis of the COVID-19 pandemic impact on visitation to the region
  • Projections for tourism’s recovery in the coming years
The report uses primary consumer survey response data to look at behavioral trends among travelers, both in the region and its key source markets, and offers SWOT analysis of the region as a tourism destination. Use this report to better understand the challenges and growth opportunities for tourism-related operators in ASEAN, and see if you can make the most of this prospering destination.
by GlobalData
Enter your details here to receive your free Report.

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