Hotels & Tourism
Ascott REIT's 2018 profits rose 5% to $239.36m
Ascott REIT's 2018 profits rose 5% to $239.36m
The growth was driven by higher revenue from its Ascott Orchard Singapore buy and existing properties.
CDL Hospitality Trust's NPI dipped 3.8% to $146.05m in 2018
It blamed the absence of contribution from two divested Australian hotels.
Daily Briefing: oBike working on investor agreement for refund process; CDL may soon sell units in St Regis Residences
And fintech startup Credit Culture raises $40m in funding round.
Will Singapore hotels' four-year slump end in 2019?
Contracting supply have reinvigorated hotels’ pricing power.
Chart of the Day: Slowdown in Chinese visitors hits Singapore's aviation stocks in Q4
The decilne in tourist arrivals in November broke ten months of growth.
Business travel startup Travelstop launches in seven Asian markets
It will also release an iPhone app so that travellers can easily monitor their journeys.
Oxley's $950m hotel divestment could see 4.7% gross yield: analyst
The deal may ease concerns on debt payment risks with its $450m retail bonds maturing in November 2019.
Oxley sells Mercure and Novotel Hotels for $950m
The hotels along Stevens Road house a combined 772 rooms.
Daily Briefing: NRIC and Singapore passport applications ditches paper forms by 2020; Online luxury marketplace Reebonz to list on NASDAQ
And Singtel launches its two-in-one EZ-link SIM card for tourists in Singapore.
Singaporeans eye overseas property purchases amidst high costs back home: survey
Foreign properties could be used as retirement homes.
Singapore placed 10th as most visited destination
The lion city is most popular amongst travellers from the UK thanks to its cuisine and heritage.
Hospitality sector could get a RevPar boost by 2019
A muted supply increase in hotel rooms combined with the rise of demand from the leisure segment could work well for hotels' RevPAR.
CDL Hospitality Trust buys 95% of four-star Italian hotel for $63.6m
This marks its maiden entry in the country.
APAC's hotel transaction volume hit US$5.2b YTD in 9MFY18
China, Japan and South Korea accounted for 70% of transaction volumes.
Here are three new Sentosa hotels to watch out for in 2019
Village Hotel, the biggest with 606 guest rooms, features the Lazy River pool for children and the Pamukkale Pool which is an infinity pool...
OUE Hospitality Trust NPI down 1.4% to $29.1m in Q3
It ceased to get income support for Crown Plaza Changi Airport.
Far East Hospitality Trust Q3 NPI up 11.8% to $27.69m
It cited higher room demand and hotel revPAR, which rose 6.6% to $152.
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