Hotels & Tourism
Chart of the Day: Singapore visitors hit by lack of hotel supply
Chart of the Day: Singapore visitors hit by lack of hotel supply
Room occupancy remains well in excess of 84% despite the new supply.
Singapore needs more hotel rooms for increasing visitor arrivals: Colliers
It said the hotel room supply of 628 rooms in 2018 will immediately be absorbed.
CDL Hospitality Trust Q1 net property income up 5.4% to $37.8m
It cited inorganic contributions from acquisitions and an improved Singapore hotel performance.
A new digital model for the rising millennial business traveller
Adoption of new robust digital travel expense and compliance models goes a long way, not only for the rising modern business traveller but also your...
Far East Hospitality Trust profits up 4% to $23.01m in Q1
The influx of visitors from the Singapore Airshow last February partially contributed to higher earnings.
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.
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