Hotels & Tourism
Chinese tourists are back, but the high rollers aren’t
Chinese tourists are back, but the high rollers aren’t
They're going to Japan and Thailand instead.
Genting Hong Kong snaps up German shipyards for $358m
Cruise ship orders are at an all-time high.
Chart of the Day: Why did tourist spending slide in 2015?
Hotels and integrated resorts reported lower revenue.
Singapore's 2015 tourism receipts dip 6.8% to $22b as business travel falters
Companies overseas have been slashing trip budgets.
HPL’s net profit dips 34.4% to $81.7m in FY15
Due to low property development revenue.
Far East Hospitality Trust's net property income down 5.8% to $103m in 2015
Due to weak demand, intense competition.
Genting sinks into the red as VIP players vanish
It posted a net loss of $7.8m in Q4.
Genting faces steepest profit cut in six years as VIP debts sour
Net profit might tumble to $143m.
Tourist spending still down even as number of visitors inch up
Total tourist numbers rose 0.4% in November.
OUE’s prefabricated Crowne Plaza Changi Airport hotel now halfway finished
It’s the first private PPVC project in the country.
Roxy-Pacific to buy $43m resort property in Maldives
It will be financed by internal funds and bank loans.
Genting Hong Kong hikes profit forecast to not less than US$2 billion
On back of massive divestment gains.
Marina Bay Sands snatches mass market players from Resorts World Sentosa
MBS has a better location.
Singapore sees third highest tourist spending in Asia Pacific
It dominated Hong Kong, Tokyo.
Dismal earnings await hospitality REITs as supply headwinds mount
Even higher tourist arrivals won't help.
Chart of the Day: Mid-tier hotels to suffer as massive room supply floods the market
Rates and occupancy will drop this year.
Tosei Corporation makes maiden foray into hospitality industry
Its newly-formed subsidiary will operate hotels.
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