Hotels & Tourism
City Developments banks on sweeter $3.86b Millennium & Copthorne Hotels buyout to seal the deal
The latest offer represents a 37% premium over M&C’s $8.66 closing price.
City Developments banks on sweeter $3.86b Millennium & Copthorne Hotels buyout to seal the deal
The latest offer represents a 37% premium over M&C’s $8.66 closing price.
Can business travellers play a part in the fight against cyber threats?
The current approach to addressing cyber threats, implemented by corporations in Singapore, is not being communicated effectively enough to its...
City Developments to buy out Millennium & Copthorne Hotels for $3.86b
M&C shareholders will be entitled to receive $11.88 for each M&C share.
Hotel demand to continue outstripping room stock in 2019
Visitors who cannot find rooms are forced to turn to alternative accommodation providers.
UOL properties to get more revamps amidst Draft Master Plan's CBD agenda
It has a retail mall and three hotels in the Marina Bay area. UOL could gain from revamp and redevelopment potential riding on the government’s plan...
Ascendas Hospitality Trust's FY2018/2019 NPI slipped 2.3% to $87.23m
Lower contribution from its Australia hotels hit yearly income.
Daily Briefing: ComfortDelGro pilots new booking service amidst strong demand; Grab Ventures unveils subscription plan for food-delivery partners
And SIA inks deal to boost tourist arrivals in Maldives.
Frasers Hospitality Trust's DPU could slip 13% for FY2019/2020
Sluggish corporate demand at its Sydney properties is weighing in on near-term performance.
Asia's cruise passenger market up 4.6% to 4.24 million in 2018
China remains the top source market, accounting for 55.8% of Asian passengers. Asia’s cruise passenger source market hit a new high in 2018, with 4...
9 in 10 Singapore business travellers willing to share data with companies or apps
Meanwhile, this figure dipped for leisure travellers wherein 87% are open to data sharing.
OUE Hospitality Trust NPI down 2.2% to $27.66m in Q1
Lower revenue from Mandarin Orchard Singapore dragged on earnings.
Frasers Hospitality Trust's NPI fell 9.1% to $25.21m in Q2
It blamed weaker performance from its Australia, Malaysia and Japan portfolios.
CDL Hospitality Trust's NPI down 10.7% to $32.77m in Q1
Contributions from Singapore, New Zealand, Australia and UK hotels fell 6.7%.
Far East Hospitality Trust NPI up 9% to $25.07m in Q1
The income boost came from contributions from Oasia Hotel Downtown.
Far East Hospitality Trust's Q1 RevPAR could have slid 3% sans Oasia Hotel Downtown
Weaker corporate demand led to a soft quarter for Singapore RevPARs.
Far East Hospitality Trust NPI rose 9% to $25.07m in Q1
The income boost came from contributions from Oasia Hotel Downtown.
ARA lodges IPO prospectus to become first listed US hospitality trust
Its initial portfolio comprises 38 hotels in the US worth $980.41m.
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