Hotels & Tourism
DRC Investments will not extend Amara Holdings buyout offer
The company offered to privatise Amara Holdings at $0.895 per share.
Hotel ADRs drop 5% YoY in Q1 2025
The average daily rate fell to $299.
Straco’s net profit slumps 54.8% YoY in Q1
Revenue also fell 12.1% YoY.
CDL doubles sales revenue to $1.9b in Q1 2025
It sold 795 units, 85% higher than the same quarter in 2024.
Royal Group officially opens Raffles Sentosa Singapore
The resort features 62 villas.
Singapore travel to Japan hits record high on strong SGD in 2024: Mastercard
Travellers from Singapore, India, and China are especially responsive to currency shifts, the report noted.
Mandarin Oriental reports higher underlying profit in Q1
RevPAR also rose in all regions.
Genting Singapore profit down 41% to $145m in Q1
On a quarterly basis, earnings rose 2%.
Travel marketers shift focus with trust reshaping influence: report
Consumers rely on multiple platforms such as comparison sites (74%), online travel agencies (65%), loyalty programs (51%).
Amara Holdings taps W Capital Markets to advise on DRC’s proposed buyout
DRC offered $0.895 per share for all of Amara Holdings’ issued ordinary shares.
UOL, Hilton to open Asia Pacific’s first NoMad Hotel in Singapore
The hotel is expected to be operational in early 2027.
MRT train hotel offers rooms for rest and work
It’s also a living museum for a train car that once served Singapore’s Green Line.
First Sponsor Group posts $2.7b hotel income with European portfolio
Revenue dropped 3.2% YoY.
Amara receives $0.895 per share buyout offer
The offer represents a 27.0% premium over Amara’s last traded price.
GIC and SAMHI establish joint venture for upscale hotel assets in India
The investment will be used for capital expenditure.
Nearly half of travellers aware of tourism’s impact on local communities
68% want their travel spending to benefit local communities.
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