Hotels & Tourism
CDL Hospitality Trust buys 95% of four-star Italian hotel for $63.6m
This marks its maiden entry in the country.
CDL Hospitality Trust buys 95% of four-star Italian hotel for $63.6m
This marks its maiden entry in the country.
APAC's hotel transaction volume hit US$5.2b YTD in 9MFY18
China, Japan and South Korea accounted for 70% of transaction volumes.
Here are three new Sentosa hotels to watch out for in 2019
Village Hotel, the biggest with 606 guest rooms, features the Lazy River pool for children and the Pamukkale Pool which is an infinity pool...
OUE Hospitality Trust NPI down 1.4% to $29.1m in Q3
It ceased to get income support for Crown Plaza Changi Airport.
Far East Hospitality Trust Q3 NPI up 11.8% to $27.69m
It cited higher room demand and hotel revPAR, which rose 6.6% to $152.
Frasers Hospitality Trust NPI down 6.7% to $29.4m in Q4
Only the Singapore and Germany properties performed well across the firm's portfolio.
Chart of the Day: 2 in 10 tourist arrivals in August came from China
Indonesia accounted for 16% of the tourist arrivals.
Hotels brace for more business as tourism drives RevPAR for seventh straight month in August
Revenue per available room rose 5.5% and 3.4% year-to-August.
Plans to reshape Sentosa and Pulau Brani underway
The government will make way for new tourist attractions and investments.
Visitor arrivals to Singapore up 7.7% to 9.2 million in H1
1.3 million visitors came for business-related purposes and spent $2.2b worth of tourism receipts.
Chart of the Day: Hotel supply plunges to 10 year low in 2018 as land shortage bites
Only 281 new rooms will be built this year.
Electronic arrival card for tourists to trial by 4 October
It will save up to 48 million paper-based cards in a year.
Club Street hotel site up for tender
It can yield up to 390 rooms.
Ascott buys stake at Indonesian hotel operator for $35.71m
It will get a boost of close to 20,000 units from 122 hotels.
Chart of the Day: Hotel occupancy rates rose 1.4ppt to 86.4% in July
RevPar inched up 3.2% to $188.
Chart of the Day: China leads in Singapore's tourist receipts for Q1
Indonesia and India followed their lead in tourist spendings.
GIC buys minority stake in Indian property developer
Provenance Land owns four acres of a mixed-used development site in central Mumbai.
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