Hotels & Tourism

12 Aug 19
Declining income from Frasers Hospitality Trust and OUE H-Trust weighed on headline figures.
8 Aug 19
It will undergo a refurbishment process over the next six months.
8 Aug 19
These hotels were previously operating as Fragrance Hotel and Parc Sovereign Hotel.
7 Aug 19
Quarterly income was hit by a weaker hospitality business and high vacancies in prime retail malls.
6 Aug 19
Singaporean travellers contributed $8.43b to total travel expenditure worldwide.
6 Aug 19
The firm is likely to incur $250m per quarter for land acquisition alone.
6 Aug 19
Spending for accommodation and shopping fell sharply during the quarter.
6 Aug 19
This was partly due to slower mass gaming business.
5 Aug 19
Its total suite count has grown from 103 to 115.
2 Aug 19
Income was boosted by contributions from five hotel acquisitions made in 2018.
1 Aug 19
Hoteliers are amongst the most optimistic whilst retailers expect lower turnover.
30 Jul 19
However, NPI rose by 3% YoY in the first quarter of the year.
30 Jul 19
The luxury segment drove most of the half-year gains.
24 Jul 19
Tourist expenditure on shopping grew at a 10-year CAGR of 3.4%.
23 Jul 19
This represents muted growth in supply at 4-year CAGR of 1.3%.
10 Jul 19
RevPAR for luxury hotels grew 3.3% YoY to $185 for 5M19.
9 Jul 19
It is looking to rebrand the hotel which will be managed by an international hotel management firm.
4 Jul 19
Renovations will increase total customer capacity by 30%.
3 Jul 19
It shares first place with Japan with visa-free access to 189 countries.
27 Jun 19
Projects in Osaka and Yokohama could yield an aggregate EBITDA of $2.52b by FY 2026.
21 Jun 19
If it fails, it will only be recognised as a cash company.
21 Jun 19
Amongst popular destinations are Malaysia, Japan, and Thailand.
17 Jun 19
A three-party JV will jointly develop Sheraton Phuket Grand Bay Resort in Phuket.
14 Jun 19
Enrolment for the Frequent Traveller Programme is free.
14 Jun 19
The two-year partnership will see STB bring to life four Tiger District Bottle through AR technology.
11 Jun 19
The latest offer represents a 37% premium over M&C’s $8.66 closing price.
10 Jun 19
The current approach to addressing cyber threats, implemented by corporations in Singapore, is not being communicated effectively enough to its...
10 Jun 19
The firm is set to receive $1.4m compensation for the loss of potential rental income from the French government.
10 Jun 19
M&C shareholders will be entitled to receive $11.88 for each M&C share.
3 Jun 19
Traffic rights will be given to three airlines to operate on the Singapore–Busan route.
30 May 19
Visitors who cannot find rooms are forced to turn to alternative accommodation providers.
14 May 19
It has a retail mall and three hotels in the Marina Bay area.
10 May 19
Lower contribution from its Australia hotels hit yearly income.
10 May 19
It lags behind Hamad International Airport and Tokyo International Airport.
6 May 19
Sluggish corporate demand at its Sydney properties is weighing in on near-term performance.
6 May 19
China remains the top source market, accounting for 55.8% of Asian passengers.