Hotels & Tourism
CDL Hospitality Trusts under threat from lacklustre tourism outlook, hotel room glut
Overseas properties will be its saving grace.
Wong Kai Man retires as Shangri-La Asia director
He has indicated that he would not offer himself for re-election at the company's Annual General Meeting scheduled on 28 May 2015.
Hotel revenues, occupancy rates at risk from looming room glut
RevPAR will decline by 5%.
Billions of bad debts put Gentings' VIP margins at risk
Provisioning will stay high in 2015.
Resorts World Sentosa bags new credit facilities worth $2.27b
To refinance existing loans.
Glitzy casinos at risk as feeble ASEAN currencies continue to weaken
The SGD’s strength is not a boon.
More bad chips in store for struggling Genting after recent share price slide
Tougher headwinds will lead to bigger disappointments.
Is the worst finally over for Singapore’s hospitality sector?
Tourist arrivals are about to hit the bottom this year.
Strong SGD could derail Genting’s mass market expansion efforts
The SGD has appreciated against the rupiah and ringgit.
Kelvin Lum Wen-Sum resigns as LCD Global Investments managing director
His stepping down is due to the change in control of the company.
Frasers Hospitality unveils third serviced residence in Kuala Lumpur
Thee 445-unit development is its largest to date.
Chart of the Day: Singapore’s hotels to see a sharp rebound after a weak 2014
Occupancy levels to rise in the coming years.
Singapore clinches top spot in Global Muslim Travel Index 2015
21% of travellers here were Muslims.
Mandarin Oriental’s net profit up 1% to $134m in FY14
Thanks to robust underlying earnings growth.
Orchard Road overhaul on the cards to boost sluggish tourist numbers
A host of other initiatives is also in the pipeline.
Botanic Gardens’ bid to be country’s first UNESCO World Heritage Site now in final phase
The final decision will be known in Q2.
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