Hotels & Tourism
CDL Hospitality Trusts' room revenue rose 1.1% in 4Q2017
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.
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.
Read Here
Advertise
Sign Up
Commentary
Could Singapore lead the world's next management revolution?
RIE2030’s real test: Turning innovation into impact
What Singapore logistics operators often overlook when electrifying fleets
Singapore's mid-market leadership problem nobody is talking about
From ‘only’ to ‘one of’: What Thailand’s land bridge means for Singapore businesses now
Digital identity in the age of AI: Singapore’s strategic advantage
Why Singapore-based firms still underestimate the human side of doing business in North Asia
Singapore's hiring slowdown: A call for data-driven resilience