Hotels & Tourism
1 in 4 services firms optimistic about the future
Meanwhile, 6% of services firms see a decline in business conditions.
1 in 4 services firms optimistic about the future
Meanwhile, 6% of services firms see a decline in business conditions.
Far East Hospitality Trust net property income up 2.6% to $18.31m
Gross revenue from commercial premises saw a slight uptick in Q3.
CDL Hospitality Trusts net property income up 34.8% in Q3
Properties from Germany, Italy, and Japan turned a profit.
Frasers Hospitality Trust’s second-half net profit more than doubles to S$30.9 million
The NPI was boosted by the higher YoY GR and lower operating costs
Meaningful recovery for hospitality sector likely in 2022: OCBC
OCBC Investment Research expects hospitality REITs to post stronger second-half results.
Krisflyer to launch chartered cruise experience for members
The cruise will take place from 17 to 19 November.
Frasers Hospitality revamps staycation deals for approaching school holidays
Prices range from $170 to $200 per night.
Genting Singapore IR RFP grinds to a halt
Yokohama’s newly elected mayor voiced his opposition to the IR bid.
4 new classifications of travelers announced by Singapore
Countries and vaccination statuses would be included in the classification.
Daily briefing: SC Capital to raise $550m fund for COVID-hit Japanese hotels; MoM reviews advisory on vaccination to speed up drive
And Singapore creates new association to improve recycling capabilities.
Genting to benefit from SG’s high vaccination rate, possible reopening: OCBC Investments
Singapore has reached a 75% vaccination rate as of 15 August.
Genting Singapore profit bounces to $88.21m after H1 2020 loss
The group suffered a $116m loss in the same period last year.
2 in 5 Singaporeans bit by the travel bug
Encouraged by vaccinations, more Singaporeans plan to travel in the next three months.
Ascott Residence Trust distributable income rose 96% to S$63.8m in H1
This included one-off partial distribution of divestment gains of S$20m.
Daily briefing: Parts of Asia reopens to international tourists; Some F&B chains return 2-person dine-in limit
And condos, private apartments in SG qualify for EV charger grant.
Recovery relies on border restrictions easing
Outlook for the tourism and food and beverage sectors do not look promising for the remainder of 2021.
Daily briefing: SG-AUS bubble possible by end-2021; Temasek assets jump 20%
And the Ministry of Sustainability and the Environment sets out public sector targets for sustainability.
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