Hotels & Tourism
Weak occupancy to weigh on Frasers Hospitality Trust's Australian assets
Weak occupancy to weigh on Frasers Hospitality Trust's Australian assets
A surge in supply caused a decline in occupancy and room rates in the market.
Oxley cuts stake in United Engineers to less than 10%
This follows Yanlord’s acquisition of a majority stake in the firm.
Shrinking supply pipeline could be boon for hospitality sector
With few new hotels in sight for Singapore, hoteliers are ready to raise room rates.
Singapore hotels slash check-in time via facial recognition tech
Check-in times could be reduced by as much as 70%.
Genting Singapore's profit plunged 24.5% YoY to $158.9m in Q3
Weaker volumes in the gaming segment caused the drop.
Chart of the Day: Check out the top hotel investment transactions for 2019
Ascott Raffles Place’s 268 rooms sold for an average of $2.4m each.
IMDA launches digital roadmap for hotel industry
It covers digital upgrades, data-driven integration, and higher levels of automation.
Conferences, mergers to drive hospitality sector's recovery in 2020
RevPAR growth could hit 3%, according to DBS Equity Research.
Genting shortlisted for Japanese integrated resort bidding
This followed Osaka’s request-for-concept exercise.
Technology will only make soft skills more important
At the recent Smart Nation Summit, Mr S Iswaran, Minister for Communications and Information, highlighted the need for businesses to harness the...
Daily Briefing: AA REIT ends $94.91m secondary placement; NTUC FairPrice stops charging for plastic bags
And here’s how Penang is planning to lure in Singaporean visitors.
GlobalTix launches single e-ticket for all tourist spots
Tourists will just need to scan a QR code to get their ticket.
Lower retail sales may weigh on tourist receipt figures: report
Retail sales dipped 1.3% to $3.6b in August.
Accor to launch 13 new budget hotels in Singapore
The partnership with Global Premium will bring total inventory to 7,625 rooms.
Hotel accommodation platform RedDoorz is now Vietnam's largest hotel chain
The company now operates a network of more than 125 hotels in the country.
Hotel supply to grow 2% in 2019
Expansion of Marina Bay Sands and Resorts World Sentosa to boost the sector.
OUE sells hotel and serviced residence businesses for $289m
Both components will be bought by DHI Holding.
Read Here
Advertise
Sign Up
Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform