According to the 9MP, tourist arrivals are poised to reach 24.6 million by Year 2010. Further, this year is the Visit Malaysia Year 2007 and foreign tourists visiting Malaysia are expected to increase substantially as compared to previous years.
Hotel accommodations that are in the mid-market and budget category will continue to be well received by the majority of the foreign tourists as these hotel accommodations are more affordable.
In order to tap into the immense opportunity offered by the hotel industry, the following hotels are currently operated by the Hopan Group:
• Replica Inn Bukit Bintang, Kuala Lumpur
A 60-rooms budget hotel located at Changkat Bukit Bintang off Jalan Bukit Bintang, Kuala Lumpur.
• Replica Inn China Town, Kuala Lumpur
A 46-rooms budget hotel located along Jalan Petaling, China Town, Kuala Lumpur.
• Replica Inn China Town (2), Kuala Lumpur (Negotiation)
The Company is currently negotiating with the property owner(s) to operate a property also located along Jalan Petaling, China Town, Kuala Lumpur as a budget hotel.
• Replica Inn Bukit Bintang (2), Kuala Lumpur (Negotiation)
The Company is currently looking into the possibility of converting an existing 3 blocks of 3-storey shop lots into a budget hotel. The property is located at Bukit Bintang area, Kuala Lumpur.