Hotels & Tourism
Mandarin Oriental H1 profits jumped 49% to US$22.3m
Mandarin Oriental H1 profits jumped 49% to US$22.3m
The company recorded improved performances across most of its portfolio.
Frasers Hospitality Trust's Q3 net property income down 2.8% to $28.5m
It blamed lower revenue from its Australian properties.
Ascott secures management deals in the Philippines
It will be in charge of about 1,600 serviced residence units by 2022.
Ascott REIT's net profit up 7% to $63.1m in Q2
It was pushed by acquisitions in Singapore and Germany in 2017.
Orchard Road hotels' revenue bolstered by Trump-Kim summit
Q2 RevPAR was highest in June at 6.9% YoY.
Hotel arm could buoy CityDev amidst property curb
Its UK, China, and US portfolios are safe from the cooling measures.
UOL buys 180 apartments in Jakarta's Tower 2
The apartments will be redeveloped into a 180-key serviced suite.
RHB Singapore inks financing deal for $300m SO Sofitel Singapore
It is currently the largest Islamic hotel financing deal in the world.
Oxley's sales revenue in Singapore hit $1b in 2018
It expects to launch 7 more projects worth $3.8b.
Far East Hospitality expands portfolio with new hotel brand
It will manage operations as well as sales and marketing for The Clan Hotel.
Are investors undervaluing hotels?
The 29-room Wanderlust Hotel was sold at a whopping $1.3m per key, following construction costs estimates for other hotel sites.
CapitaLand expands China footprint through new hotel management firm
It has a registered capital of $20.9m.
Capella Hotel Group to manage Regent Singapore in 2019
Four Seasons ended the 26-year management contract with the hotel owner.
Hotel site returns to GLS programme Confirmed List after 10 years
The government is addressing supply shortage for visitor arrivals, analysts say.
Ascott expands footprint in China with two new serviced residences
Ascott Harmony City and Somerset Baitang are serviced-residences with 164 and 194 units, respectively.
Hotel revenue still down 20% from peak despite visitor surge
But recovery is on the way as soft growth is expected for new room supply.
Here's why CDL Hospitality Trust is not threatened by home-sharing platforms
Home-sharing platforms only comprise 3-4% of hotel room nights, an analyst said.
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