Hotels & Tourism
Frasers Hospitality gears up for expansion in China
Frasers Hospitality gears up for expansion in China
The group plans to add seven properties to its portfolio over the next four years.
SingapoRediscovers Voucher validity extended to encourage local tourism
Singapore citizens can use their vouchers until December 31.
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 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.
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