Hotels & Tourism
Hotels in Thailand poised for 6% RevPar growth in 2019
Tourist visits will recover following the Phuket boat accident in last 2018.
First Sponsor's profits rose 28% to $113m in 2018
The increase was mainly due to higher profits generated from property financing and hotel operations.
Singapore's visitor arrivals jumped 6.2% to 18.5 million in 2018
Tourism receipts also inched up 1% to $27.1b.
Far East Hospitality Trust's NPI edged up 10.3% to $102.76m in 2018
It was buoyed by higher RevPAR of its hotel portfolio which grew 7.5% to $142 in Q4.
Daily Briefing: Divergence of property prices fueled by ‘euphoric' sentiments; oBike to ditch bike sharing for e-scooter services
And here’s how Singaporeans could enjoy automated immigration clearance in New Zealand.
Oxley Q2 profits dropped 33% to $45.24m
It blamed lower contribution from its UK project.
Evolving customer lifestyles to shape Singapore hotel business in 2019
Through 2021, Singapore is expected to experience a 3.4% growth in annual visitors as it extends a positive streak from 2014 and 2017 where the...
Hospitality REITs cash in on tourism high
OUE Hospitality Trust posted the highest return in FY18 at 6.5%.
Chinese tourists prefer Australia and Singapore over Hong Kong: survey
The survey notes that the SAR does not have sufficient travel and outdoor activities.
Frasers Hospitality Trust NPI slipped 1.2% to $31.06m in Q1
The firm blamed the weak showing of its hotels in Malaysia and Japan.
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.
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