Hotels & Tourism
Electronic arrival card for tourists to trial by 4 October
Electronic arrival card for tourists to trial by 4 October
It will save up to 48 million paper-based cards in a year.
Club Street hotel site up for tender
It can yield up to 390 rooms.
Ascott buys stake at Indonesian hotel operator for $35.71m
It will get a boost of close to 20,000 units from 122 hotels.
Chart of the Day: Hotel occupancy rates rose 1.4ppt to 86.4% in July
RevPar inched up 3.2% to $188.
Chart of the Day: China leads in Singapore's tourist receipts for Q1
Indonesia and India followed their lead in tourist spendings.
GIC buys minority stake in Indian property developer
Provenance Land owns four acres of a mixed-used development site in central Mumbai.
Is there room for capsule hotels in Singapore's crowded hotel market?
Hoteliers are having difficulty in striking the balance between price-competitiveness and profitability.
Competition watchdog probes trade data exchange between hotel operators
Far East Hospitality Trust and OUE Hospitality Trust are some of the firms involved.
Ascendas Hospitality Trust NPI decreased 9.3% to $20.2m in Q1
Proceeds from the sale of its two Beijing hotels trimmed its debt.
Far East Hospitality could speed up recovery through acquisitions
Its purchase of Oasia Downtown fueled its NPI growth of 11.2% to $25.74m in Q2.
Far East Hospitality Trust Q2 NPI up 11.2% to $25.74m
The hotel segment offset the weaker serviced residences arm.
Singaporean family to sell Australian Crowne Plaza resort for $74m
The 269-room hotel sits on the Gold Coast Highway.
OUE Hospitality Trust NPI dipped 0.5% to $26.5m in Q2
Increased visitor arrivals could benefit Crowne Plaza due to the upcoming bigger Seletar terminal.
Weaker currencies could hurt Frasers Hospitality Trust's NPI
It could affect 80% of the company's net property income (NPI).
Mandarin Oriental H1 profits jumped 49% to US$22.3m
The company recorded improved performances across most of its portfolio.
Frasers Hospitality Trust's Q3 net property income down 2.8% to $28.5m
It blamed lower revenue from its Australian properties.
Ascott secures management deals in the Philippines
It will be in charge of about 1,600 serviced residence units by 2022.
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