Hotels & Tourism

Eagle Hospitality REIT fails to sell Texas property

The potential buyer of Crowne Plaza Dallas Near Galleria-Addison did not follow through with on time payment.

Eagle Hospitality REIT fails to sell Texas property

The potential buyer of Crowne Plaza Dallas Near Galleria-Addison did not follow through with on time payment.

Frasers Hospitality Trust net property income falls by 40.9%

The company reported a net property income of $26.7m for the first half of the year ending in March 2021.

Far East Hospitality net property income slips 8.4%

Lower occupancy rates led to lower revenues.

59% of Singaporeans would choose travel over a work promotion

The majority of Singaporean professionals want a getaway from the work-from-home life.

CDLHT reports 1% YoY rise in net property income for Q1, 2021

This is despite sharp declines in revenue per available room at many of its hotels.

Turbulent times ahead as SG-HK travel bubble delayed anew

The declaration of a travel corridor between the two cities has been delayed for the second time. The travel bubble announcement between the Singapore and Hong Kong will not push through this week, as previously scheduled. According to a Bloomberg report, the announcement was cancelled last minute by the Singapore side. This will be the second delay in the anticipated quarantine-free travel measure, previously scheduled for November last year. While Singapore has eased its travel restrictions for travellers from Hong Kong, the Chinese authonomous region has done the opposite, suspending flights from Singapore Airlines budget carrier Scoot. Singapore lowered the requirements for Stay Home Notices (SHNs) for Hong Kong travellers to seven days, that can be served at their residence, from the previous 14-days at a dedicated SHN facility. On the other hand, Hong Kong suspended flights from Scoot from April 16 to 29, after two passengers from Singapore tested positive for COVID-19 upon landing. On April 21, the Singapore Ministry of Health confirmed that there had been two new cases of locally transmitted COVID-19. There were also 14 imported cases from people who had recently travelled from India and Indonesia. There are 274 active COVID-19 cases in Singapore, as of April 21. Hong Kong recorded 172 new COVID-19 cases between April 7 to 20, including 39 confirmed local cases, 1 possible local case, and 15 from unknown sources. Both cities have started implementing their respective vaccination programmes.  

Singapore tightens border measures for Indian travellers

Meanwhile border measures for Hong Kong, South Africa and UK travellers have been eased.

Eagle Hospitality REIT drops the Crowne for $24.1 m

Eagle Hospitality REIT called the Texas property a "drain on a limited pool of funds".

Singaporeans ‘optimistic' about getting back to travel: report

71% feel “more hopeful” amidst theCOVID-19 vaccine rollout, and potential for air travel bubbles.

Is it safe to get the cheese? Guidlines launched for MICE events

The SG SafeEvents Certification programme will allow business events to be held amidst the ongoing pandemic.

Singapore to top-up tourism fund by $65.8m

The extra cash injection will support the sector’s recovery amidst near-term headwinds.

Singaporeans at ease with digital health apps for travel

But only a handful are planning to book international flights as soon as restrictions are lifted.

2.2 million Singaporeans have not used their SingapoRediscovers vouchers

The vouchers, designed to get locals spending on tourism services, will expire on 30 June.

More data needed before borders can be opened - MOH

The Ministry of Health noted that most countries have just begun their vaccination programmes.

Hospitality REITs to stay below pre-pandemic levels until 2023: Moody's

Moody's Investor Services said travel disruptions would keep hospitality REITs revenue weak for the near future.

Far East Hospitality Trust granted $125m sustainability loan

Part of the funds will be used to reduce the company's energy consumption.

Daily Briefing: WEF meeting perparations push through; Aviation contractor attempts supersonic combat drone;

And The World Economic Forum's special annual meeting will be held in Singapore in August.