Hotels & Tourism
Far East Hospitality Trust to get boost from Oasia Hotel Downtown
Far East Hospitality Trust to get boost from Oasia Hotel Downtown
Distribution per unit could increase 4% to 3.09 cents.
Far East Hospitality Trust to buy Oasia Hotel Downtown for $210m
An additional $15m will be issued to the vendor if net property income strikes $9.9m.
All-in-one assistant TravelerBuddy adds pre-travel check and expense management feature
It helps travelers know about country-specific requirements related to passport validity, visa, vaccination and customs.
Visitor arrivals rose 13% YoY in October
The number of days tourists stayed in Singapore increased 10.9%.
Asian countries perform strongly in global passport index
Singapore is the region’s best-performing passport with visa-free access to 176 countries.
Singapore's passport is the world's second best
It has visa-free access to 176 countries.
Hospitality REITs to fund more acquisitions with debt in 2018
But cash flow and tourist spending are expected to rise.
Hotel occupancy rate in Singapore dips to 82.1% in 9M2017
It posted a marginal decrease of 0.3 percentage points from last year.
Banyan Tree back in the black with $20.59m profit in Q3
This comes as the company reels from $10.8m loss a year ago.
Genting HK halts trading of shares
The request was made pending an announcement of a major transaction.
Singapore is the fourth most visited city in the world
The city registered 17.6 million visitors this year.
Far East Orchard profits down 74.2% to $3.15m in Q3
Its assets in Australia performed poorly and dragged sales down.
Singapore sees surge in tourists from Mainland China and Indonesia
Tourist arrivals from Mainland China outpaced arrivals from Indonesia.
Far East H-REIT's NPI down 2.3% to $24.77m
It's suffering from lower daily rates and occupancy.
OUE Hospitality Trust's NPI up 3.8% to $29.5m
Thanks to income from Crowne Plaza Changi Airport for saving this quarter's figures.
Frasers Hospitality Trust's profits up 9.8% to $28.64m in Q4
But profits from its Sydney and Singapore declined.
CDL Hospitality Trusts' NPI up 15.9% to $40.4m in Q3
Thanks to contributions from new acquisitions and NPI growth from New Zealand.
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