Hotels & Tourism
Hospitality REITs to get a boost from the normalisation of leisure and business travel
The travel and tourism sector is expected to grow at a 10-year CAGR of 5% to US$15.5t in 2033.
Hospitality REITs to get a boost from the normalisation of leisure and business travel
The travel and tourism sector is expected to grow at a 10-year CAGR of 5% to US$15.5t in 2033.
Chart of the Day: Visitor arrivals to SG edged down to 1.31 million in August
Overnight visitors declined by 1.06 million on a yearly basis.
Singapore floats plans for new businesses in river precinct
The precinct’s placemaker aims to boost footfall with more immersive activities for all.
Here are the top 5 concerns of Singaporean travelers
Most Singaporeans are concerned with data and privacy.
Increase interest in travel boosts Singapore hotel rates as Grand Prix weekend arrives
Aside from the Grand Prix, tourists also come for Singapore-only experiences.
Hotel room rates for the Singapore Grand Prix shoot up to $880
Compared to 2022, room rates have risen by 27%.
Singaporeans unveil 3 considerations when selecting digital travel platforms
Six in 10 will compare prices on different platforms before booking accommodation.
Singapore second most expensive city to stay in Asia: report
The average rate of a hotel room is $352 (US$260) per night.
What motivates Singaporeans to increase travel spending
The top reason is to see their friends and family.
Singaporeans increase travel spending by $325
Over 42% of Singaporeans polled said they would spend more on travel in 2023.
Tourism leaders unveil 5 keys to creating sustainable travel options
Seven in 10 Singaporeans want more sustainable travelling, according to Booking.com.
FHT’s Singapore portfolio RevPAR grew 76.8% YoY in 9M FY23
The hospitality trust said it exceeded the pre-2020 level by 15.2%.
How much are Singaporeans willing to spend on international travel?
Four in 10 said they would even dip into their savings to fund leisure travel this year.
CLAS seeks acquisition of $530.8m lodging assets in the UK, Dublin, and Jakarta
The proposed acquisition is 1.8% accretive to Distribution per Stapled Security (DPS).
Small steps, big impact: How Singapore embraces sustainable tourism
Experts from Sentosa Development Corporation and Monster Day Tours discuss initiatives and projects promoting sustainable travel in Singapore.
Far East H-Trust NPI up 30.7% to $49m in H1, RevPAR at S$133
Distribution per stapled security or DPS is 1.92 cents for the period
Hotel average room rates were almost unchanged in June
It inched up to $273.85.
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