Hotels & Tourism
Mandarin Gallery's occupancy rose to 96.9% in Q4
This shows OUEHT’s potential recovery from its previous declines.
Mandarin Gallery's occupancy rose to 96.9% in Q4
This shows OUEHT’s potential recovery from its previous declines.
OUE Hospitality Trust property income dips 1.1% to $29.23m in Q4
The retail segment's expenses dragged earnings down.
Hotels' daily rates to climb 1-3% in 2018
But the oversupply of rooms may temper growth.
Ascendas Hospitality Trust sells Beijing hotels for $235.9m
The purchase price is 101.5% higher than its latest valuation.
CDL Hospitality Trusts' room revenue rose 1.1% in 4Q2017
This was due to the 1.2% YoY increase to $186 in average daily room rate.
CDL Hospitality Trusts' property income up 7.8% to $40.62m
Thanks to improved performance from The Lowry Hotel and Pullman Hotel Munich.
No more long queues with new tax refund app
Users of the app just have to scan a QR code.
Chart of the Day: See how many tourists arrived in Singapore within 10 years
Growth only stopped in 2014 when the key China market declined 24.1% due to curbs on shopping tours.
Frasers Hospitality Trust's net property income up 3.1% to $31.45m in Q4
Gross profit from its Australian portfolio rose by 4.9%.
Chart of the Day: New hotel supply expected to drop to 737 rooms in 2018
Rooms from Dusit Thani and the reopened Raffles Hotel are seen to boost the supply.
Chart of the Day: Total hotel room supply rose 67.9% from 2009 to 2017
On average, 2,970 rooms were added a year for nine consecutive years.
Frasers Commercial Trust NPI fell 15% to $24.9m in Q1
Mostly because of lower occupancy rates.
Monthly expat accommodation costs are now $230 cheaper
It dropped to eighth place in Asian cities' rankings.
M & L Hospitality opens West Hotel in Sydney
It marks the company’s sixth property in Australia and third in Sydney.
Far East Hospitality Trust to get boost from Oasia Hotel Downtown
Distribution per unit could increase 4% to 3.09 cents.
Far East Hospitality Trust to buy Oasia Hotel Downtown for $210m
An additional $15m will be issued to the vendor if net property income strikes $9.9m.
All-in-one assistant TravelerBuddy adds pre-travel check and expense management feature
It helps travelers know about country-specific requirements related to passport validity, visa, vaccination and customs.
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