Hotels & Tourism
ARA lodges IPO prospectus to become first listed US hospitality trust
ARA lodges IPO prospectus to become first listed US hospitality trust
Its initial portfolio comprises 38 hotels in the US worth $980.41m.
Grab to add HOOQ, Agoda and Booking.com to its super app
Its new services will be available to all users by June.
Far East Hospitality expands into Vietnam
It inked a hotel management and services deal for two boutique hotels near Ho Chi Minh City.
Business travel to Singapore is Asia's fourth costliest
Hotel room prices in the nation fell to $337.60 per night from $347.10 (US$256) in 2018.
Expression of interest for Jurong Lake District integrated tourism development to be launched
The exercise will close in early November 2019.
STB ties up with Alibaba for Chinese traveller analytic tools
The collaboration aims to boost Chinese visitor arrivals and spending.
Fraser Hospitality unveils serviced apartment Fraser Residence Orchard
It offers studio deluxe apartments and one-, two- or four-bedroom apartments.
Chart of the day: Visitor arrivals growth slows to 2% in January-February
Arrivals from China and the ASEAN region moderated.
Genting Singapore and Marina Bay Sands to invest $9b in expansion works
They are expected to create up to 5,000 jobs.
500 evacuated as fire hits Grand Hyatt Hotel near Orchard Road
The blaze involved a kitchen stove and an exhaust duct in a restaurant on the second floor.
GIC buys 25% stake in Netherlands-based hotel operator citizenM
The sovereign wealth fund is looking to expand its portfolio of affordable luxury in urban markets.
Ascott Reit to buy Felix Hotel in Australia for $58.8m
The 150-room property will be rebranded as Citadines Connect Sydney Airport.
Singapore's passport is the most powerful in the world
It shared the top spot with Japan and South Korea, having visa-free access to 189 countries.
Oxley appoints consultants as it looks for Mercure and Novotel's new buyer
This follows the firm’s termination of its LOI from Gracious Land.
Oxley terminates LOI for $950m sale of Mercure and Novotel hotels
Its purchaser Gracious Land failed to make its subsequent 4% consideration deposit of $38m.
ZUZU Hospitality Solutions raises $5m in series A funding to boost APAC expansion
The firm hired country managers for their expansion in Thailand and Australia.
Tourism receipts up by 10% to $3.44b from January to September 2018
BTMICE visits increased by 14% to 2 million arrivals during this period.
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