Hotels & Tourism
GL closes hotels temporarily amidst lockdowns
Its subsidiary’s hotels saw a reduction in bookings and rise in cancellations.
GL closes hotels temporarily amidst lockdowns
Its subsidiary’s hotels saw a reduction in bookings and rise in cancellations.
EHT suspends stapled securities trading as $496.11m in loans defaulted
Its master lessees failed to pay rent.
Genting Singapore cuts pay for directors and managers
Non-executive directors will see a 15% reduction in fees.
Pandemic won't topple the hotel sector in the long term: analyst
Occupancy rate climbed to 87.1% in 2019 compared to the 10-year average.
Daily Briefing: Hotels roll out staycation packages; Automation startup Novocall raises $700,000 seed funding
And Credence Partners has launched its first venture capital fund.
Mandarin Oriental sinks into the red with $76.9m loss in 2019
Non-trading items related to the redevelopment of The Excelsior contributed to the loss.
Women are travelling more to exotic destinations: study
Botswana and Armenia are becoming popular with Singaporean women.
EHT to implement property manager changes in Q2
The property management of its three Denver assets will consolidate.
Chart of the Day: Tourism arrivals to drop by 28% in 2020
Singapore hotels are bearing the brunt of the plunging tourism growth.
138-room The Porcelain Hotel for sale at $115m
The EOI exercise will close on 27 March 2020.
Government support measures will boost CDLHT's NPI
The trust may also benefit from a faster write-down to gain more cash.
Tourism sector to receive tax rebates in 2020
Property tax rebates of 30% will be given to hotels, serviced apartments and MICE venues.
Singapore Tourism: Riding out the storm
In the weeks leading up to Budget 2020, the Singapore Government made no secret of the sudden rush to incorporate stability measures for sectors...
Far East H-Trust's NPI dipped 1% in Q4 to $26.1m
Meanwhile, quarterly revenues inched up 0.1%.
Genting Singapore will likely recover in H2: analysts
The firm still has an attractive valuation relative to regional gaming peers.
Genting Singapore 2019 profits dipped 9% to $688.6m
Its EBITDA fell 3% YoY to $1.19b.
Serviced residence operations could shield ART from coronavirus' impact
The longer length of stay compared to hotels could provide a buffer to occupancy declines.
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