Hotels & Tourism
Ascendas Hospitality Trust's property income drops 4.7% to $25.21m in Q3
Ascendas Hospitality Trust's property income drops 4.7% to $25.21m in Q3
Earnings were dragged by the weak performance of its Australia portfolio.
Daily Briefing: LY Corporation Limited debuts in SGX; FCOT opens $100m private placement
And here's why Singapore downgraded a Michelin-star resto's hygiene rating.
Look out for OUE Hospitality Trust's potential deals
Its sponsors recently finished Oakwood Premier OUE Singapore.
Mandarin Gallery's occupancy rose to 96.9% in Q4
This shows OUEHT’s potential recovery from its previous declines.
OUE Hospitality Trust property income dips 1.1% to $29.23m in Q4
The retail segment's expenses dragged earnings down.
Hotels' daily rates to climb 1-3% in 2018
But the oversupply of rooms may temper growth.
Ascendas Hospitality Trust sells Beijing hotels for $235.9m
The purchase price is 101.5% higher than its latest valuation.
CDL Hospitality Trusts' room revenue rose 1.1% in 4Q2017
This was due to the 1.2% YoY increase to $186 in average daily room rate.
CDL Hospitality Trusts' property income up 7.8% to $40.62m
Thanks to improved performance from The Lowry Hotel and Pullman Hotel Munich.
No more long queues with new tax refund app
Users of the app just have to scan a QR code.
Chart of the Day: See how many tourists arrived in Singapore within 10 years
Growth only stopped in 2014 when the key China market declined 24.1% due to curbs on shopping tours.
Frasers Hospitality Trust's net property income up 3.1% to $31.45m in Q4
Gross profit from its Australian portfolio rose by 4.9%.
Chart of the Day: New hotel supply expected to drop to 737 rooms in 2018
Rooms from Dusit Thani and the reopened Raffles Hotel are seen to boost the supply.
Chart of the Day: Total hotel room supply rose 67.9% from 2009 to 2017
On average, 2,970 rooms were added a year for nine consecutive years.
Frasers Commercial Trust NPI fell 15% to $24.9m in Q1
Mostly because of lower occupancy rates.
Monthly expat accommodation costs are now $230 cheaper
It dropped to eighth place in Asian cities' rankings.
M & L Hospitality opens West Hotel in Sydney
It marks the company’s sixth property in Australia and third in Sydney.
Read Here
Advertise
Sign Up
Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform