Hotels & Tourism
Singapore is APAC's 2nd most popular travel destination in 2018
Singapore is APAC's 2nd most popular travel destination in 2018
Overall expenditure climbed 2.5 times from $8.85b (US$6.4b) in 2009 to $22.95b in the same period.
GIC closes in on $2.08b deal to buy stake in Oxford's Fairmont hotels
The portfolio consists of four iconic hotels in Canada.
Chart of the Day: Check out Singapore's tourist mix
ASEAN represents 40% and visitors from China account for 17%.
July RevPAR hits five-year high at $203.6
This is the highest so far for the year.
Ascott to open four new properties by end-2019
It will reportedly add 846 units to the lodging scene.
Hotel DC rates largely unchanged for the next six months: URA
This follows a 45.6% hike on the revision last March.
Faster immigration clearance extended to Japanese and South Korean travellers
Those who have visited Singapore twice or more in the last two years can apply.
Asia Pacific's MICE revenue hit $229b in 2018
The region had the fastest growing MICE segment, accounting for 28.4% of global revenue.
MICE market accounted for $2.2b of tourist receipts in 2018: report
The Sands Expo & Convention Center hosted approximately 1.4 million delegates last year.
Greater Southern Waterfront expansion could be boon for hospitality REITs
PM Lee unveiled plans to add more residential and commercial spaces in GSW.
Four largest hospitality REITs average NPI fell 2% in Q2
Declining income from Frasers Hospitality Trust and OUE H-Trust weighed on headline figures.
Travelodge Hotels Asia debuts in Singapore
It will undergo a refurbishment process over the next six months.
Accor partners with Global Premium Hotels to launch 15 hotels
These hotels were previously operating as Fragrance Hotel and Parc Sovereign Hotel.
OUE H-Trust NPI dips 4.5% to $25.3m in Q2
Quarterly income was hit by a weaker hospitality business and high vacancies in prime retail malls.
6.6 million of global international arrivals came from Singapore in 2018: report
Singaporean travellers contributed $8.43b to total travel expenditure worldwide.
Genting Singapore may shell out $1b in FY2019 capex: analyst
The firm is likely to incur $250m per quarter for land acquisition alone.
Tourist spending down 4.8% to $6.5b in Q1
Spending for accommodation and shopping fell sharply during the quarter.
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