INCENTIVES FOR HOTEL INVESTORS

Special Incentives Await Hotel Investors
In Melaka

MELAKA, Oct 15 (Bernama) -- About 70 per cent
of income tax exemption will be given to
entrepreneurs who invest in four and five-star
hotel development in Melaka.
Chief Minister Datuk Seri Mohd Ali Rustam said
60 per cent of investment tax allowance would
also be given within five years to encourage
investment in the hotel industry.
"The state government will continue to focus on
building more hotels, resorts, chalets, homestay
and hostels to meet the needs of tourists
coming to the state.
"We are also targeting about 11 million tourists
to Melaka, and up to July this year, we have
received a total of 6.6 million tourists... and I
believe it could be achieved by the end of this
year," he told reporters after launching The
Heritage Melaka in Bandar Hilir here Saturday.
Mohd Ali said, so far, Melaka had a total of
12,857 rooms, adding that 15 new hotels would
be built with an addition of 3,542 rooms.