Hotels & Tourism
Hospitality REITs at risk from rupiah, ringgit rout
Hospitality REITs at risk from rupiah, ringgit rout
These amount for a fourth of tourism receipts.
Chart of the Day: Chinese tourists to flock back after shunning Singapore in 2014
The STB is promoting the city as a mono-destination.
Local hotel room rates slipped 9% in 2014 on back of Chinese tourist dearth
The average room rate slipped to $239.
KOP Limited acquires Semara Resort & Spa in Bali
It’s scheduled to launch in 4Q15.
Dr Tan Kim Song joins Hotel Royal as director
The company believes that his experience, skill sets and business network will bring valuable experience and expertise to the board.
Banyan Tree’s FY14 operating profit crashed 31% to $51.1m
Due to lower contribution from its hotels investments segment.
Genting’s share price slips on back of double-digit profit plunge
The VIPs aren’t coming back anytime soon.
Hotel Properties’ net profit plunged 30% to $124.4m in FY14
Due to lower profits from residential condos.
Genting’s net profit plunged 30% to $118.9m in Q4
Due to a VIP player dearth.
Singapore hotels named among Asia's costliest
Which cities took the top spot?
Straco's net profit down 21.4% to $4.43m in Q4 on back of Flyer acquisition
Acquisition expenses totalled to $2m.
Chart of the Day: Singapore’s 2,221 new hotel rooms to gather dust in 2015
Tourists are travelling elsewhere.
Almost 4,000 new hotel rooms to flood Singapore’s hospitality market in 2015
On back of 1,773 new additions in 2014.
Genting Singapore finally breaks ground for $2.4b Resorts World Jeju project
After delays and local government resistance.
Tourist arrivals down 3.1% to 15.1 million in 2014
The number of Chinese tourists plunged 24.2%.
Yoma Strategic’s net profit up 7.1% to $8m in Q3
On back of higher real estate revenue.
GuocoLeisure’s net profit up 8.1% to $19.9m in Q2
Thanks to its stable hotel revenue.
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