Hotels & Tourism

19 Oct 18
Indonesia accounted for 16% of the tourist arrivals.
18 Oct 18
Revenue per available room rose 5.5% and 3.4% year-to-August.
18 Oct 18
The government will make way for new tourist attractions and investments.
18 Oct 18
1.3 million visitors came for business-related purposes and spent $2.2b worth of tourism receipts.
12 Oct 18
Only 281 new rooms will be built this year.
3 Oct 18
It will save up to 48 million paper-based cards in a year.
27 Sep 18
It can yield up to 390 rooms.
25 Sep 18
Visitors stayed for 4.3 nights and spent an average of $391 per day.
25 Sep 18
Bangkok topped the list with 20.05 million international tourists in 2017.
18 Sep 18
It will get a boost of close to 20,000 units from 122 hotels.
27 Aug 18
Indonesia and India followed their lead in tourist spendings.
24 Aug 18
The decline was led by the 16% YoY decrease to $589m in food and beverage.
22 Aug 18
Provenance Land owns four acres of a mixed-used development site in central Mumbai.
22 Aug 18
Hoteliers are having difficulty in striking the balance between price-competitiveness and profitability.
3 Aug 18
Far East Hospitality Trust and OUE Hospitality Trust are some of the firms involved.
2 Aug 18
Proceeds from the sale of its two Beijing hotels trimmed its debt.
1 Aug 18
Its purchase of Oasia Downtown fueled its NPI growth of 11.2% to $25.74m in Q2.
31 Jul 18
The hotel segment offset the weaker serviced residences arm.
30 Jul 18
The 269-room hotel sits on the Gold Coast Highway.
30 Jul 18
Increased visitor arrivals could benefit Crowne Plaza due to the upcoming bigger Seletar terminal.
30 Jul 18
It could affect 80% of the company's net property income (NPI).
30 Jul 18
The company recorded improved performances across most of its portfolio.
26 Jul 18
It blamed lower revenue from its Australian properties.
26 Jul 18
It will be in charge of about 1,600 serviced residence units by 2022.
25 Jul 18
New Zealand's airfares could rise 7.5%.
24 Jul 18
It was pushed by acquisitions in Singapore and Germany in 2017.
23 Jul 18
Q2 RevPAR was highest in June at 6.9% YoY.
23 Jul 18
Its UK, China, and US portfolios are safe from the cooling measures.
17 Jul 18
The apartments will be redeveloped into a 180-key serviced suite.
11 Jul 18
It is currently the largest Islamic hotel financing deal in the world.
10 Jul 18
It expects to launch 7 more projects worth $3.8b.
9 Jul 18
It will manage operations as well as sales and marketing for The Clan Hotel.
9 Jul 18
The 29-room Wanderlust Hotel was sold at a whopping $1.3m per key, following construction costs estimates for other hotel sites.
3 Jul 18
It has a registered capital of $20.9m.
29 Jun 18
Four Seasons ended the 26-year management contract with the hotel owner.
27 Jun 18
The government is addressing supply shortage for visitor arrivals, analysts say.
27 Jun 18
SEA and South Asia tourist arrivals rose 10% and 9%, respectively.
22 Jun 18
Ascott Harmony City and Somerset Baitang are serviced-residences with 164 and 194 units, respectively.
21 Jun 18
But recovery is on the way as soft growth is expected for new room supply.