Hotels & Tourism
Singapore tourists splurged $26.8b in 2017
Singapore tourists splurged $26.8b in 2017
Tourists from China, US, and UK were the biggest spenders.
Frasers Hospitality to expand units to 30,000 by 2019
This could boost FPL’s growth for the year.
Singapore's expected hotel yields amongst the lowest in Asia
They're expected to yield 3.5%-4.5% in 2018.
Frasers Hospitality expands Japan portfolio by $250m
Two residential properties will be launched by 2020.
Ascendas Hospitality Trust's property income to drop to $98.5m in 2018
But contributions from Japan and Singapore markets may offset headwinds.
Here's why the hospitality sector will grow amidst lower earnings
Revenue per room has fallen by 11.2% in just five years.
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.
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