Hotels & Tourism

Hotel RevPAR to dip by 3% this year

It has been gradually declining in the last five years.

Two things that can spur growth for OUEHT

The opening of Changi Terminal 4 is one.

CapitaLand to be Australasia's largest serviced residence provider

It recently acquired an additional 60% stake in an Aussie SR.

Ascott Residence Trust divests two properties in China

The divestment will register a yield of $198m.

Competition between serviced and private residences to intensify

URA reduced the minimum stay for private properties to three months.

Midtier hotels still suffer declining RevPARs

January to April figures point to a 4.4% decrease in RevPAR.

STB seeks ideas for innovative marketing campaigns

It is launching a $1m initiative programme.

OUE Hospitality Trust to benefit from Changi's expansion

Changi Airport is expected to handle 60 million passengers this year.

Expect mild growth in leisure demand this year

Whilst corporate demand remains a challenge.