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Lyf Georgetown Penang was officially inaugurated on Wednesday (January 15). This lifestyle accommodation in the well-known Malaysian coastal region showcases amenities that foster connections, including co-working areas and communal kitchens.
With a combination of 35 lifestyle hotels currently operating and in the pipeline worldwide, Lyf aims to manage 150 hotels globally by 2030.
Mondi Mecja, country general manager of Ascott Malaysia, noted that hospitality providers must deliver experiences that address the desire for social living, such as providing a kitchen where guests can prepare meals alongside others from various nations.
Beyond mere lodging, a bed, and a shower, it is crucial for hotel providers to create experiences that distinguish guests from one another, he stated.
Expansion of Malaysian tourism
Mecja anticipates further development in the Malaysian hospitality industry, spurred by an increase in both domestic and international visitors, including those from Thailand, Singapore, and Indonesia.
Although the Malaysian hospitality sector has just regained its footing compared to pre-Covid-19 conditions, Malaysian tourism is projected to enjoy favorable perspectives due to hosting this year’s Asean Summit and its visa-free policy for Indian and Chinese travelers.
He mentioned that Malaysian tourism also acquired positive awareness from the recent incident involving Chinese actor Xingxing, which raised safety concerns among Chinese social media users regarding Thailand.
To enhance confidence among Chinese tourists, the organization has hired staff who can communicate in Chinese to ensure effective interaction at its hotels and to strengthen its brands’ visibility on Chinese social platforms.
However, Mecja highlighted that the Malaysian government’s initiative to elevate utility costs could influence operational expenditures. He added that Airbnb’s edge over the hospitality sector might negatively impact the organization’s earnings, as it remains unregulated in Malaysia for now.
Prospects in Thailand
Ascott manages over 20 properties in Bangkok and Chonburi, with Lyf Sukhumvit 8 Bangkok being the sole lifestyle hotel in Thailand. Nonetheless, Lyf has confirmed its intention to establish additional lifestyle hotels in Bangkok, Phuket, and Chiang Mai.
“In Thailand, there exists a wealth of creativity and cultural experiences waiting to be uncovered,” stated Law Zhe Wen, Lyf’s partner in business development.
“Our aspiration is for Lyf to become a lodging alternative and a lifestyle choice for guests traveling through various cities in Thailand, allowing them to genuinely engage with diverse cultures.”
He expressed confidence that fierce rivalry in Thailand’s hospitality sector would not hinder the brand’s growth, emphasizing that success relies on effectively communicating the brand’s objectives.
“Thailand presents numerous challenges; however, we perceive even more opportunities,” he concluded.
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