Hotels & Tourism
Frasers Hospitality Trust profits down 4% to $27.75m in Q2
Frasers Hospitality Trust profits down 4% to $27.75m in Q2
The company’s property operating expenses edged up 0.4%.
Hotel Rankings: ‘Smart hotels' are on the rise
The industry is shifting to a man-power lean model: less humans, more bots.
The Ascott Limited ramps up expansion efforts to tap corporate travel market
The serviced residence operator has over 2,000 units in 13 properties in its portfolio.
Serviced Residences Rankings: Foreign housing demand kept serviced-residences running
This is despite tougher competition against sharing economy-rooted services.
Business trip costs to Singapore in 2017 rose to US$479 a day
Prices have risen due to higher costs of eating out in restaurants.
Singapore is the sixth most popular destination for Muslim tourists
The country provides Muslims "cultural proximity" and enhanced tourism offerings, amongst others.
Smart energy solutions provider SensorFlow receives $750,000 infusion from Cocoon Capital
It provides data insights enabling hoteliers to better reach sustainability goals.
Singapore's big business events put heat on hospitality sector
Hotel players are seeing a higher number of requests for proposals and rates getting firmer.
Chart of the Day: Hotel supply growth expected to dip to 1.2% in 2018
Should it hit 1.2%, this will be the lowest since 2007.
Chart of the Day: See how the hospitality industry weakened over the past 12 years
Negative changes in revenue per available room at started in 2013.
Hotel room supply to increase 1.2% in 2018
Upscale and Mid-Tier hotels clocked a +0.1% revenue per available room (RevPAR) increase in 2017.
CityDev builds fund manager to accumulate $6.57b assets
It wants a constant income stream with less reliance on capital appreciation.
Tourism cess payments could cover more businesses
The MTI and STB proposed this in a public consultation to amend the Cess Collection Act.
UOL Group 2017 profits jumped 210% to $891.01m
Its consolidation with UIC Group raised revenue.
$478m luxury hotel slated for Singtel Hill Street site
Local developer EL Development paid $118m for the property.
Genting Q4 profits fell 29% to $133.99m
But its revenue rose thanks to the strong performance of its leisure and hospitality segment.
Chart of the Day: Expected hotel supply to fall in three years
The government is deliberately slowing hotel development after supply overflowed before 2017.
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