Berjaya Ho­tels & Re­sorts to bring in RM330 mil­lion rev­enue for FY17

The Sun (Malaysia) - - SUNBIZ - BY EVA YEONG

KY­OTO: Berjaya Ho­tels & Re­sorts, a di­vi­sion of Berjaya Land Bhd, ex­pects its 19 ho­tels (ex­clud­ing Four Sea­sons Ky­oto) to rake in a rev­enue of RM330 mil­lion and op­er­at­ing profit of RM120 mil­lion for the year end­ing April 2017, said its CEO Han­ley Chew.

“For the first six months from May till Oc­to­ber this year, our rev­enue was at RM172 mil­lion while op­er­at­ing profit was at RM54 mil­lion,” he told re­porters at a brief­ing here yes­ter­day.

Chew said the RM172 mil­lion rev­enue rep­re­sents a 6% year-on-year growth while the RM54 mil­lion op­er­at­ing profit rep­re­sents a 12% year-on-year growth.

Berjaya Ho­tels & Re­sorts has a to­tal of 20 ho­tels world­wide with over 3,300 rooms, in­clud­ing Four Sea­sons Ho­tel and Ho­tel Res­i­dences Ky­oto in Ja­pan, which was of­fi­cially opened yes­ter­day. The ho­tels are lo­cated in Malaysia, Viet­nam, the Philip­pines, Sey­chelles, Sri Lanka, the UK and Ja­pan.

Ac­cord­ing to Chew, it is con­sol­i­dat­ing its ho­tels and is look­ing to en­hance the value of its ho­tels in­clud­ing the op­tions to sell and ac­quire ho­tels. For ma­tured ho­tels, it is look­ing at re­fur­bish­ments and ex­pan­sions.

“Most ho­tels reach ma­tu­rity at 20 to 30 years. It is dif­fi­cult to re­fur­bish all at one go so we have re­fur­bish­ment pro­grammes by area,” he said.

Chew said the re­fur­bish­ment pro­grammes are catered to the dif­fer­ent pro­file of cus­tomers and are gen­er­ally done in two stages namely at six to seven years and at 15 years.

He de­clined to re­veal its re­fur­bish­ment bud­get but said that a “soft” re­fur­bish­ment could cost be­tween RM20,000 and RM50,000 per room. He said the group’s top two ho­tels are Berjaya Times Square Ho­tel in Kuala Lumpur and Berjaya Langkawi Re­sort.

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