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Monday, September 14, 2009

MK Land sees growth for its hotels, resorts

MK Land Holdings Bhd sees growth for its hotels and resorts which include Bukit Merah Laketown Resort, Taiping Golf Resort and the Langkawi Lagoon Resort this year, despite the current economic situation.

Senior general manager of MK Land Hotels and Resorts, Annuar Yang Ghazali said the company was targeting total sales of RM52 million for its financial year ending June 30, 2010 and RM56 million in 2011.

"As for the economic situation, we think it is already improving," he told reporters after the signing of a memorandum of understanding (MoU) between MK Land, Kumpulan Emkay and the Malaysian Armed Forces Social,Welfare and Sports Club in Petaling Jaya today.

According to Annuar, Bukit Merah Laketown Resort will focus on local tourists. However, the resort has also been able to attract foreign visitors from countries such as Italy and the United Kingdom (UK).
He said the participation of foreign visitors as well as locals, has enabled the company to sustain the room pick up rates of its holiday resorts.

On an average, Bukit Merah Laketown has a 36 per cent occupancy and the Langkawi Lagoon Resort, 60 per cent.

Meanwhile,the signing of the MoU is to promote the three resorts managed by MK Land and the Belum Rain Forest Resort under Kumpulan Emkay, among the members of the Armed Forces club.

By Bernama

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