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Leisure
Holidays Sdn Bhd
was incorporated on 17 September 1984 as a private limited company. It
was founded by Dato’ Loy Teik Ngan and started business in 1986 as a
timeshare company.
It's first property was Leisure Bay in Penang, an abandoned project
in Tanjung Tokong. Dato’ Loy who was exposed to the idea of
timesharing during his days as a student abroad decided to use Leisure Bay
to kick off business. Within the first five years, the company sold thousands of
memberships and leased more assets in Penang, Kuala Lumpur, Genting
Highlands and Cameron Highlands. Leisure Holidays became one of the
largest vacation clubs in the Asia Pacific. We also received awards from
Resort Condominiums International (RCI) for being an important
contributor to the industry.
It became a public company on 21 December 1992 and is known as Leisure Holidays Bhd, in compliance
with the new timeshare
legislation. Today, Leisure Holidays Bhd has a paid-up capital of RM3
million. |
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Instrumental in helping
the Government to draft regulations on timeshare
companies, Dato’ Loy was the first chairman of Malaysian Holiday
Timeshare Developers’ Federation (MHTDF).
In 1997, through the initiative of Leisure Holidays Bhd, the timeshare
industry was re-identified under tourism sector instead of property.
This has been a major boost to the industry as a whole.
In 2000, Leisure Holidays
Bhd launched the point system in
Malaysia, which is more flexible to replace the week based
system.
Today, Leisure Holidays Bhd owns a total of 10 resorts all
around Malaysia as well as in the Gold Coast, Australia.
Leisure Holidays Bhd has a total of 2 Vacation
Centres, On-site Sales Centre, On-Field Sales Centre and Members Service
Centre and has about 200 full time employees.
Leisure Holidays Bhd also has an overseas office in Jakarta.
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