Hotels & Tourism
Hotel DC rates largely unchanged for the next six months: URA
Hotel DC rates largely unchanged for the next six months: URA
This follows a 45.6% hike on the revision last March.
Faster immigration clearance extended to Japanese and South Korean travellers
Those who have visited Singapore twice or more in the last two years can apply.
Asia Pacific's MICE revenue hit $229b in 2018
The region had the fastest growing MICE segment, accounting for 28.4% of global revenue.
MICE market accounted for $2.2b of tourist receipts in 2018: report
The Sands Expo & Convention Center hosted approximately 1.4 million delegates last year.
Greater Southern Waterfront expansion could be boon for hospitality REITs
PM Lee unveiled plans to add more residential and commercial spaces in GSW.
Four largest hospitality REITs average NPI fell 2% in Q2
Declining income from Frasers Hospitality Trust and OUE H-Trust weighed on headline figures.
Travelodge Hotels Asia debuts in Singapore
It will undergo a refurbishment process over the next six months.
Accor partners with Global Premium Hotels to launch 15 hotels
These hotels were previously operating as Fragrance Hotel and Parc Sovereign Hotel.
OUE H-Trust NPI dips 4.5% to $25.3m in Q2
Quarterly income was hit by a weaker hospitality business and high vacancies in prime retail malls.
6.6 million of global international arrivals came from Singapore in 2018: report
Singaporean travellers contributed $8.43b to total travel expenditure worldwide.
Genting Singapore may shell out $1b in FY2019 capex: analyst
The firm is likely to incur $250m per quarter for land acquisition alone.
Tourist spending down 4.8% to $6.5b in Q1
Spending for accommodation and shopping fell sharply during the quarter.
Genting Singapore profits dipped 5% to $373.6m in H1
This was partly due to slower mass gaming business.
Raffles Singapore reopens after two-year restoration
Its total suite count has grown from 103 to 115.
Ascendas Hospitality Trust NPI inched up 5.2% to $21.3m in Q1
Income was boosted by contributions from five hotel acquisitions made in 2018.
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.
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