Hotels & Tourism
Will co-living survive in Singapore's fast-changing rental market?
Will co-living survive in Singapore's fast-changing rental market?
Despite the hype on 'flexible living', landlords still prefer the traditional model.
Singapore hotels' average occupancy down to 51%
Hotel rooms remain half-filled resulting in a 40% decline in revenue.
OUE to rebrand Mandarin Orchard Singapore as Hilton's flagship
They plan to spend $90m in renovating the hotel.
GL closes hotels temporarily amidst lockdowns
Its subsidiary’s hotels saw a reduction in bookings and rise in cancellations.
EHT suspends stapled securities trading as $496.11m in loans defaulted
Its master lessees failed to pay rent.
Genting Singapore cuts pay for directors and managers
Non-executive directors will see a 15% reduction in fees.
Pandemic won't topple the hotel sector in the long term: analyst
Occupancy rate climbed to 87.1% in 2019 compared to the 10-year average.
Daily Briefing: Hotels roll out staycation packages; Automation startup Novocall raises $700,000 seed funding
And Credence Partners has launched its first venture capital fund.
Mandarin Oriental sinks into the red with $76.9m loss in 2019
Non-trading items related to the redevelopment of The Excelsior contributed to the loss.
Women are travelling more to exotic destinations: study
Botswana and Armenia are becoming popular with Singaporean women.
EHT to implement property manager changes in Q2
The property management of its three Denver assets will consolidate.
Chart of the Day: Tourism arrivals to drop by 28% in 2020
Singapore hotels are bearing the brunt of the plunging tourism growth.
138-room The Porcelain Hotel for sale at $115m
The EOI exercise will close on 27 March 2020.
Government support measures will boost CDLHT's NPI
The trust may also benefit from a faster write-down to gain more cash.
Tourism sector to receive tax rebates in 2020
Property tax rebates of 30% will be given to hotels, serviced apartments and MICE venues.
Singapore Tourism: Riding out the storm
In the weeks leading up to Budget 2020, the Singapore Government made no secret of the sudden rush to incorporate stability measures for sectors...
Far East H-Trust's NPI dipped 1% in Q4 to $26.1m
Meanwhile, quarterly revenues inched up 0.1%.
Read Here
Advertise
Sign Up
Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform