Hotels & Tourism
Mandarin Oriental to acquire Hotel Ritz in Madrid for $197.3m
With a joint venture partner.
Mandarin Oriental to acquire Hotel Ritz in Madrid for $197.3m
With a joint venture partner.
1 in 2 business travellers dissatisfied with local hotel perks: survey
Majority want more perks.
Hospitality firms, SCCB team up to rein in rampant credit risks
Over 80 hospitality firms will benefit.
Genting's net profit crashed 64% to $91m in Q1
Its struggling gaming business is to blame.
Straco's net profit jumped 60.5% to $8.68m in Q1
Thanks to Singapore Flyer.
OUE's net profit plunged 91.8% to $77.2m in Q1
Blame it on one-off gains last year.
HPL’s net profit crashed 68% to $14.3m in Q1
Due to weak contributions from its property arm.
OUE Hospitality Trust's net property income up 0.3% to $25.7m in Q1
Thanks to Crowne Plaza Changi Airport.
Global Premium Hotels’ net profit down 18.6% to $3.2m in Q1
Due to higher costs.
Wu Bingqing resigns as M Development director
He chose to give himself more personal time.
CDL Hospitality Trust's net income dipped 10.9% to $25.5m in Q1
On back of weak hotel revenue.
Ng Kok Lip retires as Hotel Royal director
He served the board for 12 years.
Far East Hospitality Trust’s net property income slipped 11.3% to $24.5m in Q1
Due to fewer visitor arrivals.
Resorts World Sentosa struggles to replicate Marina Bay Sands' mass-market prowess
MBS' mass-market daily win rate grew 5.9%.
Tan Siok Hwee retires as Far East Orchard director
She was in the board for almost 28 years.
Genting in for a rebound after massive sell-off in March
Thanks to a horde of bargain hunters.
Chart of the Day: This year’s Jan-Feb RevPar the weakest in four years
The mid-tier hotels suffered the most.