Hotels & Tourism
Smart energy solutions provider SensorFlow receives $750,000 infusion from Cocoon Capital
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.
Tourism cess payments could cover more businesses
The MTI and STB proposed this in a public consultation to amend the Cess Collection Act.
UOL Group 2017 profits jumped 210% to $891.01m
Its consolidation with UIC Group raised revenue.
$478m luxury hotel slated for Singtel Hill Street site
Local developer EL Development paid $118m for the property.
Genting Q4 profits fell 29% to $133.99m
But its revenue rose thanks to the strong performance of its leisure and hospitality segment.
Chart of the Day: Expected hotel supply to fall in three years
The government is deliberately slowing hotel development after supply overflowed before 2017.
Far East Hospitality Trust's rental income down 7.8 %
Its Orchard hotels and Oasia hotel Novena struggled against new competitors in Q4 2017.
Singapore's newest clubs not for your grandfather
Two emerging clubs want to focus on co-working and fostering thought-provoking ideas.
Far East Hospitality Trust's property income fell 5.3% to $93.15m
This was caused by a lower revenue of $109.06m.
CDL Hospitality Trust's property income to grow 6.26% to $161.3m in 2018
The return of corporate spending and higher visitor arrivals are likely to drive growth in its Singapore portfolio.
Chart of the Day: See what tourists spent on in 2017
Tourist shoppers spent $4.73b on shopping from Q1 to Q3.
Tourists expected to spend $27.1b in 2018
Singapore is also projected to welcome 17.1 million visitors.
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