hotels
Rising costs push investors toward hotel repositioning strategies
Rising costs push investors toward hotel repositioning strategies
Higher construction costs and limited supply shift capital to asset upgrades and conversions
Hotel growth faces 1.4% hit from labour shortage
Shortfalls in staffing could strip away significant gains from the projected 6% annual expansion rate.
Hotels brace for ‘softer’ year-end as operators cut growth expectations: reports
Only 38% of operators expect revenue growth in 2025.
What are the top hotels in Singapore in 2024?
Artyzen Singapore was the highest-rating hotel, according to Atiom’s report.
Duxton Reserve Singapore, Autograph Collection hits market
Its guide price translates to $1.8m per key.
Hotel Fort Canning joins Sunset Hospitality Group
SHG will manage the hotel, with a full renovation scheduled for 2025.
Adventus signs 25-year hotel management deal with IHG Vietnam
IHG will manage Adventus’ hotel in Danang, Vietnam.
Tuan Sing terminates Perth hotel management contract with Hyatt
It will no longer be a Hyatt-managed hotel by 31 August.
Agoda and partners join hands to boost sustainability in Asia’s hotel industry
The partnership will provide sustainability training and funding to hotels across Asia.
Pan Pacific Hotels Group earns GSTC certification
The certification is for all eight properties in Singapore
Marina Bay Sands invests US$750m in 2nd phase of hotel development
The company plans to finish development works in phases through 2025.
Conrad Singapore Orchard officially opens
The hotel is Hilton’s second Conrad property in Singapore.
Coliwoo launches the Coliwoo Hotel Pasir Panjang
The hotel is located near various amenities for leisure and entertainment.
Hotel average room rate dips 2.6% YoY in October
REVPAR fell in the same month.
Accor’s Hotel Faber Park SG offers unique experience for culture-seeking travellers
Singapore’s first Handwritten Collection hotel was inspired by the iconic Mount Faber.
Singapore hotel average rates to rise by 7.5% in 2024
As a regional hub for business and tourism, demand growth for SG hotels will continue to increase.
Singapore hotel rates dip in August
The ARR was up 13.6% YoY.
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