The only business hotel at Bangsar South, V E Hotel & Residence, is benefitting from its strategic location, standing near more than 25 office block towers that are home to numerous multinational as well as IT-based companies.
The one-year-old property is also linked to the Connexion Conference & Event Centre which boasts more than 18,580m2 of meeting space over five ballrooms and 15 function rooms. The property itself has 337 deluxe and corner suite rooms, as well as 95 fully-furnished one- and two-bedroom serviced residences.
Studio Executive Room
Tony Ho, the hotel’s general manager added: “We have four small- to medium-size meeting spaces and can accommodate meetings as small as five people.”
Currently, the average hotel occupancy sits at around 65 per cent, with corporate business making up 80 per cent of the business mix. It attracts mainly corporate FITs such as project teams and consultants from Asia.
When asked about the business outlook for 4Q2017 and 1Q2018, Ho described the business environment as “challenging”, due to the weak domestic and regional economy.
He explained: “We’ve noticed companies scaling back their budgets for staff trips and trainings. However, being a four-star property, we are in a position to grab new businesses which, in better times, would have opted for five-star properties.”
Ho indicated that to market its brand and seek new customers, they will be actively participating at overseas travel trade events organised by Malaysia Convention & Exhibition Bureau and Tourism Malaysia.
