Hotels & Tourism
Long weekends drive short-stay travel across Asia: report
Long weekends drive short-stay travel across Asia: report
Accommodation searches rose 80% MoM over Hari Raya long weekend.
Tourism job interest jumps 130%: Indeed
Job opportunities in the sector also rose by 48.7%.
HPL unit acquires Concorde Hotel & Shopping Mall
The property was sold for $821m.
Oxley unit secures $67m deal with buyers at SO/ Residences KLCC
The deal involved 100 units.
Coliwoo wins tender for Jalan Loyang Besar site
It will be transformed into a new co-living property.
Stamford Land’s FY2025 net profit skyrockets 451% YoY
Earnings per share stood at $0.0221.
Amara Holdings takeover offer ‘fair and reasonable’—IFA
The offer was for $0.895 cents per share.
RevPAR drops 5.5% You in May
This was driven by the post-’Taylor Swift effect’ normalisation.
DRC Investments will not extend Amara Holdings buyout offer
The company offered to privatise Amara Holdings at $0.895 per share.
Hotel ADRs drop 5% YoY in Q1 2025
The average daily rate fell to $299.
Straco’s net profit slumps 54.8% YoY in Q1
Revenue also fell 12.1% YoY.
CDL doubles sales revenue to $1.9b in Q1 2025
It sold 795 units, 85% higher than the same quarter in 2024.
Royal Group officially opens Raffles Sentosa Singapore
The resort features 62 villas.
Singapore travel to Japan hits record high on strong SGD in 2024: Mastercard
Travellers from Singapore, India, and China are especially responsive to currency shifts, the report noted.
Mandarin Oriental reports higher underlying profit in Q1
RevPAR also rose in all regions.
Genting Singapore profit down 41% to $145m in Q1
On a quarterly basis, earnings rose 2%.
Travel marketers shift focus with trust reshaping influence: report
Consumers rely on multiple platforms such as comparison sites (74%), online travel agencies (65%), loyalty programs (51%).
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