Hotels & Tourism
Mandarin Oriental sinks into the red with $76.9m loss in 2019
Mandarin Oriental sinks into the red with $76.9m loss in 2019
Non-trading items related to the redevelopment of The Excelsior contributed to the loss.
Women are travelling more to exotic destinations: study
Botswana and Armenia are becoming popular with Singaporean women.
EHT to implement property manager changes in Q2
The property management of its three Denver assets will consolidate.
Chart of the Day: Tourism arrivals to drop by 28% in 2020
Singapore hotels are bearing the brunt of the plunging tourism growth.
138-room The Porcelain Hotel for sale at $115m
The EOI exercise will close on 27 March 2020.
Government support measures will boost CDLHT's NPI
The trust may also benefit from a faster write-down to gain more cash.
Tourism sector to receive tax rebates in 2020
Property tax rebates of 30% will be given to hotels, serviced apartments and MICE venues.
Singapore Tourism: Riding out the storm
In the weeks leading up to Budget 2020, the Singapore Government made no secret of the sudden rush to incorporate stability measures for sectors...
Far East H-Trust's NPI dipped 1% in Q4 to $26.1m
Meanwhile, quarterly revenues inched up 0.1%.
Genting Singapore will likely recover in H2: analysts
The firm still has an attractive valuation relative to regional gaming peers.
Genting Singapore 2019 profits dipped 9% to $688.6m
Its EBITDA fell 3% YoY to $1.19b.
Serviced residence operations could shield ART from coronavirus' impact
The longer length of stay compared to hotels could provide a buffer to occupancy declines.
Extensive booking cancellations loom for hotels amidst nCov outbreak
CDL Hospitality Trust and Ascott Residence Trust already reported cancelled bookings.
CDL Hospitality Trust's NPI dipped 3.3% to $141.16m in 2019
It saw full-quarter contributions from its rebranded Raffles Maldives Meradhoo.
Hospitality & tourism to slow down amidst coronavirus outbreak
Singapore hotels’ performance will likely imitate the 42% fall in daily average rate during the SARS outbreak.
Frasers Hospitality Trust's NPI grew 6.8% to $33.2m
All of its portfolio recorded higher gross operating profit.
UOL acquires 154-key hotel in Indonesia for $67.5m
Construction is expected to be completed in 2022.
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