Kuala Lumpur, colloquially known as KL, is the largest city in and the national capital of Malaysia. With a population of over 1.7 million people, the region is among the fastest-growing in Southeast Asia in terms of both economic development and population.
It’s no wonder that Kuala Lumpur is the cultural, economic and financial capital of Malaysia. The city is home to the residence of Malaysia’s King, and the Parliament of Malaysia, and has undergone accelerated economic development in recent years. A symbol of this is the renowned Petrona Towers, the highest twin buildings on the planet.
As the country’s most industrialized city and economically successful region, the accommodation options are very many but can still be quickly sold out during popular events. This is particularly evident with regards to events that draw a large international audience, and as the business and economic hub of Malaysia, investment, venture capital, and forex events absolutely fall into this category. If you’re interested in these events, it’s important to do your research first. An expert source such as Real Biz Network can help you get started. If attending these events or holding meetings relating to these events, it’s wise to ensure that accommodation services are reserved in advance.
When selecting a hotel or accommodation provider, guarantee that the location is near the commercial and financial districts of Kuala Lumpur. Consider a hotel like the Malacca Royal, located right in the heart of Malaysia’s only global city, with suitable offers for business travellers.
Kuala Lumpur’s economy has been booming in recent years, with an average yearly growth rate of 5.9%. The service sector forms the majority of their economic success and includes insurance, utilities, communication services, restaurants and hotels, transport, personal and governmental services, finance, real estate, whole and retail trade, and business services. This sector makes up for approximately 83% of Kuala Lumpur’s employment, and the remainder is within the construction and manufacturing sectors.