Hotels & Tourism
Services sector outlook subdued for H2
Services sector outlook subdued for H2
Hoteliers are amongst the most optimistic whilst retailers expect lower turnover.
Far East Hospitality NPI slips 2.4% in Q2
However, NPI rose by 3% YoY in the first quarter of the year.
Singapore's hotel RevPar hits $185 in H1
The luxury segment drove most of the half-year gains.
Chart of the Day: Tourists could account for a fifth of retail sales by end-2019
Tourist expenditure on shopping grew at a 10-year CAGR of 3.4%.
Chart of the Day: 3,415 hotel rooms expected to be completed from 2019-2022
This represents muted growth in supply at 4-year CAGR of 1.3%.
Hospitality sector's RevPAR to grow 2-3% in 2019
RevPAR for luxury hotels grew 3.3% YoY to $185 for 5M19.
Datapulse Technology-Pam Holdings consortium set to buy Bay Hotel Singapore for $235m
It is looking to rebrand the hotel which will be managed by an international hotel management firm.
SIA Changi Airport lounges receive $50m makeover
Renovations will increase total customer capacity by 30%.
Singapore retains crown as the world's most powerful passport
It shares first place with Japan with visa-free access to 189 countries.
Japan integrated resort wins could seal quicker turnaround for Genting Singapore
Projects in Osaka and Yokohama could yield an aggregate EBITDA of $2.52b by FY 2026.
Daily Briefing: Temasek backs US fintech firm's US$130m series E funding; Grab invests in UK software startup Splyt to expand outside Asia
And Raffles Hotel will open in Sentosa island in 2022.
Mercurius granted deadline extension to end-August to keep listing status
If it fails, it will only be recognised as a cash company.
Singaporeans spend $1,086 for holiday travels on average: study
Amongst popular destinations are Malaysia, Japan, and Thailand. Singaporeans looking for an escape through leisure travel spend $1,086 on average...
Faster immigration clearance for British travellers in Singapore launched
Enrolment for the Frequent Traveller Programme is free.
STB and Tiger Beer pledge $3.2m in campaign to promote Singapore
The two-year partnership will see STB bring to life four Tiger District Bottle through AR technology.
City Developments banks on sweeter $3.86b Millennium & Copthorne Hotels buyout to seal the deal
The latest offer represents a 37% premium over M&C’s $8.66 closing price.
Can business travellers play a part in the fight against cyber threats?
The current approach to addressing cyber threats, implemented by corporations in Singapore, is not being communicated effectively enough to its...
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