Hotels & Tourism
Hotel revenue still down 20% from peak despite visitor surge
But recovery is on the way as soft growth is expected for new room supply.
Hotel revenue still down 20% from peak despite visitor surge
But recovery is on the way as soft growth is expected for new room supply.
Here's why CDL Hospitality Trust is not threatened by home-sharing platforms
Home-sharing platforms only comprise 3-4% of hotel room nights, an analyst said.
Low corporate demand hits serviced residences' revenues
Ascott Residence Trust suffered the most with a 7% RevPAU drop.
Ascendas Hospitality Trust buys 3 Osaka hotels for $126.1m
All 3-star hotels offer 518 rooms in total.
First Sponsor arm sells $10.8m of Dutch hotel shares
It is a 65-room five-star hotel.
Are smart technologies the future employees for customer experience?
How did you reserve your most recent hotel booking? Did you call the hotel’s front desk, or did you power up an app on your mobile to book your stay...
Frasers Hospitality launched second Tianjin property
It has 224 Gold-Standard studio residences and two bedroom apartments.
Sentosa hotels welcome high room demand amidst US-North Korea summit
The summit location only has 100 keys, meaning other guests have booked other nearby venues.
Far East Hospitality to open 3 Sentosa hotels in 2019
The three properties will have 839 keys in total.
Half of travel managers in APAC expect more business travelers in 2018
Some are worried over the negative effects of geopolitical events on the economy.
Daily Briefing: Analysts back timing of investment in landed homes; Singapore agency loses licence for faking information
And here's a Singapore venture that launched a blockchain platform for hotels and malls.
Singapore passport dethroned as world's most powerful
It lost visa-free access to Kosovo.
OUE Hospitality Trust Q1 net property income up 3.1% to $28.29m
Its hospitality segment’s NPI jumped 5%.
Luxury hotels' revenue hit by room oversupply
RevPAR dipped 3.1% to $369, due to a nearly 2-point decline in occupancy rate.
Chart of the Day: Singapore visitors hit by lack of hotel supply
Room occupancy remains well in excess of 84% despite the new supply.
Singapore needs more hotel rooms for increasing visitor arrivals: Colliers
It said the hotel room supply of 628 rooms in 2018 will immediately be absorbed.
CDL Hospitality Trust Q1 net property income up 5.4% to $37.8m
It cited inorganic contributions from acquisitions and an improved Singapore hotel performance.
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