Hold it through FY25 and FY26 for Visit Malaysia 2026 theme. The 2 hotels and 3 resorts should be seeing higher occupancy, higher adr and higher revpar assuming a successful Visit Malaysia 2026 event. It is safe to set the baseline of 70% occupancy for monitoring :)

Shangri-La Rasa Sayang and Shangri-La Golden Sands, Penang, are celebrating a remarkable rebound in Chinese holiday travel, marking a strong return of international visitors to Malaysia’s island destination. The resurgence reflects the growing appeal of Penang among Chinese travellers, supported by improved air connectivity, new attractions, and Malaysia’s visa-free entry policy for Chinese nationals effective until the end of 2026.
This year, both resorts have seen a sharp increase in arrivals from China, leading to higher occupancy rates and stronger revenue performance. The renewed interest from Chinese travellers’ underscores Penang’s rising status as one of Southeast Asia’s most sought-after holiday destinations. The growth comes as travel confidence continues to strengthen across Asia, with Chinese tourists showing a renewed appetite for premium leisure experiences. Penang properties, known for their lush beachfront settings and signature hospitality, have emerged as preferred choices for this returning market.
https://where2lifestylemagazine.com/2025/10/chinese-tourism-rebounds-shangri-la-penang-resorts-lead-the-way/