Hotels & Tourism
Chart of the Day: China leads in Singapore's tourist receipts for Q1
Indonesia and India followed their lead in tourist spendings.
GIC buys minority stake in Indian property developer
Provenance Land owns four acres of a mixed-used development site in central Mumbai.
Is there room for capsule hotels in Singapore's crowded hotel market?
Hoteliers are having difficulty in striking the balance between price-competitiveness and profitability.
Competition watchdog probes trade data exchange between hotel operators
Far East Hospitality Trust and OUE Hospitality Trust are some of the firms involved.
Ascendas Hospitality Trust NPI decreased 9.3% to $20.2m in Q1
Proceeds from the sale of its two Beijing hotels trimmed its debt.
Far East Hospitality could speed up recovery through acquisitions
Its purchase of Oasia Downtown fueled its NPI growth of 11.2% to $25.74m in Q2.
Far East Hospitality Trust Q2 NPI up 11.2% to $25.74m
The hotel segment offset the weaker serviced residences arm.
Singaporean family to sell Australian Crowne Plaza resort for $74m
The 269-room hotel sits on the Gold Coast Highway.
OUE Hospitality Trust NPI dipped 0.5% to $26.5m in Q2
Increased visitor arrivals could benefit Crowne Plaza due to the upcoming bigger Seletar terminal.
Weaker currencies could hurt Frasers Hospitality Trust's NPI
It could affect 80% of the company's net property income (NPI).
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.
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