Sunday, April 4, 2010

Value of Existence

Ipoh is neither a tourism city nor a regional commercial hub. I am not sure what is the core industry that maintains Ipoh economic growth, but I believe number of visitor to this city is far below KL, Penang, Malacca & JB. Therefore demand for hotel room should be low. There are several new hotels, both star rated & budget hotels, joining the market recently. Existing hotels would share a smaller piece of cake now, especially the old one like this Hollywood Hotel. It probably setup since 40-50 years ago. We can clearly see from the outlook that it has not been upgraded for some time with the condition which is not so presentable, but yet it is operating. Nevertheless, it definitely carries the value that justifies its existence in the tougher market competition nowadays.

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