Hotels & Tourism
Singapore's visitor arrivals jumped 6.2% to 18.5 million in 2018
Singapore's visitor arrivals jumped 6.2% to 18.5 million in 2018
Tourism receipts also inched up 1% to $27.1b.
Far East Hospitality Trust's NPI edged up 10.3% to $102.76m in 2018
It was buoyed by higher RevPAR of its hotel portfolio which grew 7.5% to $142 in Q4.
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Oxley Q2 profits dropped 33% to $45.24m
It blamed lower contribution from its UK project.
Evolving customer lifestyles to shape Singapore hotel business in 2019
Through 2021, Singapore is expected to experience a 3.4% growth in annual visitors as it extends a positive streak from 2014 and 2017 where the...
Hospitality REITs cash in on tourism high
OUE Hospitality Trust posted the highest return in FY18 at 6.5%.
Chinese tourists prefer Australia and Singapore over Hong Kong: survey
The survey notes that the SAR does not have sufficient travel and outdoor activities.
Frasers Hospitality Trust NPI slipped 1.2% to $31.06m in Q1
The firm blamed the weak showing of its hotels in Malaysia and Japan.
Ascott REIT's 2018 profits rose 5% to $239.36m
The growth was driven by higher revenue from its Ascott Orchard Singapore buy and existing properties.
CDL Hospitality Trust's NPI dipped 3.8% to $146.05m in 2018
It blamed the absence of contribution from two divested Australian hotels.
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And fintech startup Credit Culture raises $40m in funding round.
Will Singapore hotels' four-year slump end in 2019?
Contracting supply have reinvigorated hotels’ pricing power.
Chart of the Day: Slowdown in Chinese visitors hits Singapore's aviation stocks in Q4
The decilne in tourist arrivals in November broke ten months of growth.
Business travel startup Travelstop launches in seven Asian markets
It will also release an iPhone app so that travellers can easily monitor their journeys.
Oxley's $950m hotel divestment could see 4.7% gross yield: analyst
The deal may ease concerns on debt payment risks with its $450m retail bonds maturing in November 2019.
Oxley sells Mercure and Novotel Hotels for $950m
The hotels along Stevens Road house a combined 772 rooms.
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And Singtel launches its two-in-one EZ-link SIM card for tourists in Singapore.
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