Hotels & Tourism
Genting’s share price tumbled 29.4% on back of $81.6m trade receivables impairment
Core earnings may fall by 30% in Q3.
Genting’s share price tumbled 29.4% on back of $81.6m trade receivables impairment
Core earnings may fall by 30% in Q3.
Marina Bay Sands’ earnings slipped 6% in Q3 as VIPs vanish
The mass-market segment is also saturated.
Tourist arrivals and spending dropped 6% in Q2: STB
Tourist shopping was hardest hit.
Chart of the Day: Take a look at the worrying drop in Singapore casinos’ VIP volumes in 1H14
A turnaround is unlikely for the city's gaming giants.
Go down gambling: Genting struggles to stay afloat as VIPs vanish
VIP volumes will plunge in 2H.
Singaporean passport ranked among the world’s best in terms of visa-free travel
Holders can visit 170 destinations without visa restrictions.
Not fast enough: Ticket sales slump slightly in Singapore Grand Prix 2014
Over 84,454 tickets were sold for the weekend.
A losing bet: New Asian casinos eating away Singapore’s share of the gaming pie
Blame it on the vanishing VIPs.
F1 race gets Singapore tourism back on track: Reuters
To help make up for a 30% drop in Chinese tourists this year.
Singapore’s room supply levels to drop 25% in 2014: UOB
As tourists continue to flock to the city.
Investors’ hopes fade as Genting struggles with bad debt and deteriorating returns
The downgrade cycle will continue for the unlucky gaming giant.
F1 Singapore Grand Prix to pull in about $150m in extra tourism receipts
80% of ticket inventory taken up as early as 1 Sept.
Teo Hong Hee steps down as Roxy-Pacific Holdings executive director
His resignation is in compliance with the Code of Corporate Governance of having at least 50% of the board comprising of independent directors.
Hotels up to speed with Singapore Grand Prix, prices rise 75%
Find out the differing rates within the three days.
OUE Hospitality Trust to benefit most from higher Asian tourist arrivals
Occupancy rates increased to 90% from 84.9% last month.
Singapore’s 8 hotels coming your way next year
A total of 3,458 hotel rooms will soon be available.
Chart of the Day: See how Chinese tourism see-sawed to the negative in FY14
Down a painful 27%.
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