Hotels & Tourism
First Sponsor to buy German hotel for $75.7m
The 340-room hotel houses more than 1,800 sqm of meeting and event space.
Daily Briefing: Malaysian foreign minister says port limits issue quicker to fix than water concerns; 199 unlicensed PMDs impounded by LTA
And here’s why Sentosa is a better Bali according to CDL’s executive chairman.
Hotel investment deals hit three-year high at $518.7m in 2018
Investors are embracing hotel assets as the residential segment loses luster.
CDL's profits edged up 6.7% to $557.33m in 2018
The strong-performing residential segment offset a massive decline in its hospitality business.
Frasers Property appoints Koh Teck Chuan as CEO for Frasers Hospitality
He was formerly CEO at MCL Land.
Hotels in Thailand poised for 6% RevPar growth in 2019
Tourist visits will recover following the Phuket boat accident in last 2018.
First Sponsor's profits rose 28% to $113m in 2018
The increase was mainly due to higher profits generated from property financing and hotel operations.
Singapore's visitor arrivals jumped 6.2% to 18.5 million in 2018
Tourism receipts also inched up 1% to $27.1b.
Far East Hospitality Trust's NPI edged up 10.3% to $102.76m in 2018
It was buoyed by higher RevPAR of its hotel portfolio which grew 7.5% to $142 in Q4.
Daily Briefing: Divergence of property prices fueled by ‘euphoric' sentiments; oBike to ditch bike sharing for e-scooter services
And here’s how Singaporeans could enjoy automated immigration clearance in New Zealand.
Oxley Q2 profits dropped 33% to $45.24m
It blamed lower contribution from its UK project.
Evolving customer lifestyles to shape Singapore hotel business in 2019
Through 2021, Singapore is expected to experience a 3.4% growth in annual visitors as it extends a positive streak from 2014 and 2017 where the...
Hospitality REITs cash in on tourism high
OUE Hospitality Trust posted the highest return in FY18 at 6.5%.
Chinese tourists prefer Australia and Singapore over Hong Kong: survey
The survey notes that the SAR does not have sufficient travel and outdoor activities.
Frasers Hospitality Trust NPI slipped 1.2% to $31.06m in Q1
The firm blamed the weak showing of its hotels in Malaysia and Japan.
Ascott REIT's 2018 profits rose 5% to $239.36m
The growth was driven by higher revenue from its Ascott Orchard Singapore buy and existing properties.
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