Hotels & Tourism
Greater Southern Waterfront expansion could be boon for hospitality REITs
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.
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.
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