By THE STAR
KUALA LUMPUR: Holiday Villa Malaysia International expects revenue growth of 12% to 15% for its financial year ending Dec 31, 2007.
Last year, the leading homegrown hotel chain raked in about RM150mil in revenue, with almost equal contribution from its eight international hotels and eight local hotels.
Yesterday, the company added another international hotel to its portfolio under a hotel management services agreement with Hotel Wina Kuta Beach Resort in Bali.
Under the agreement, Holiday Villa will manage the hotel under its new name, Wina Holiday Villa Kuta Beach Resort Bali, for 15 years with another optional five years.
This will be Holiday Villa’s 17th hotel and brings to total 3,218 rooms in Asia, Africa, Australia and Europe.
Managing director and chief executive officer Datin Mavis Masri Azman told a press conference after the agreement signing ceremony that plans to upgrade the hotel to a 4-star category would require RM1.7mil to RM2mil.
“We will also bring in our worldwide instant reservation system and Holiday Villa hotel management system to enhance the business operation there.
“Wina Holiday Villa fits well into our expansion plan as Bali is one of the main tourist destinations for Malaysians.
“About 7,000 to 8,000 Malaysians visit Bali every month and the number is expected to grow steadily.”
This is Holiday Villa’s second overseas property in Bali after Diwangkara Holiday Villa Beach Resort and Spa Bali in Sanur.
On the local front, Holiday Villa plans to build another resort in Desaru and a boutique hotel in Kuala Lumpur.
It has budgeted RM50mil to RM60mil for the new hotels.
Construction for the Desaru project is expected to begin by next year while the Kuala Lumpur project is awaiting approval from various parties. Internationally, Holiday Villa is spreading its wings to operate hotels in China, Jakarta, the Middle East and India.
Mavis Masri added that its long-term strategy included operating another 10 to 15 international hotels in 10 years. “These will be realised under our three business expansion methods namely ownerships, management services and joint ventures,” she said.