Hotels & Tourism
Six airlines launch 600-flight blitz as Lunar New Year capacity doubles
Six airlines launch 600-flight blitz as Lunar New Year capacity doubles
Three major airlines will each operate over 140 extra flights.
Hotel growth faces 1.4% hit from labour shortage
Shortfalls in staffing could strip away significant gains from the projected 6% annual expansion rate.
Coliwoo transitions to leaseback model following subsidiary sale
The company moves to long-term lease to maintain site management and amenities.
Westlite Mandai adds 3,696 beds, total hits 9,986
The expansion aims to strengthen CAREIT’s purpose-built worker accommodation portfolio.
Coliwoo sells subsidiary, leases back Pasir Panjang hotel
The sale-leaseback will preserve operations without tenant disruption.
Acrophyte Hospitality Trust to sell Memphis Hyatt Place for $9.137m
It plans to sell the hotel to Shivam Patel.
Hotels to see 3.7% supply increase in next two years: report
The upcoming supply includes 1,000 rooms from the Liang Court and 700 rooms from Resorts World.
Shangri-La renews Kerry Centre office lease for two years
The lease, which covers two office units and parking spaces, amounted to $8.129m.
New inventory, slower arrivals weigh on hotel industry: reports
About 3.7% of the city-state's hotel rooms are expected to come online in 2025–27.
Hotel sector heads into 2026 on firmer footing as tourism recovers: reports
For 2026, analysts expect moderate RevPAR growth, noting that ARR has likely peaked.
Banyan, Mandai open wildlife resort
It is the first resort within a nature destination in a capital city.
Hotels brace for ‘softer’ year-end as operators cut growth expectations: reports
Only 38% of operators expect revenue growth in 2025.
CDL Hospitality, Millennium & Copthorne Hotels enter lease deal for Auckland hotel
Under the 50-year lease deal, they will operate the 453-room Grand Millennium Auckland that is set to open end-2025.
Mandarin Oriental posts ‘stable’ underlying net profit in Q3
The hospitality firm opened a resort in Dubai and China and a hotel in Seoul during the quarter.
Acrophyte Hospitality posts 13.9% net property income decline in 9M
Disposition of US Hyatt properties and lower travel cited for decrease.
Hotel occupancy flat at 82%YoY in first nine months
The Average Room Rate stood at $269.31, marking a year-on-year decrease of 3.2%.
Genting Singapore net profit up 19% YoY in Q3
Revenue for the period also increased by 16% YoY.
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