Faster immigration clearance extended to Japanese and South Korean travellers
Submitted By: Clarist Zablan Case Study: No Those who have visited Singapore twice or more in the last two years can apply.Holders of Japan and South Korea passports can now enjoy faster immigration...
View ArticleHotel DC rates largely unchanged for the next six months: URA
Submitted By: Staff Reporter Case Study: No This follows a 45.6% hike on the revision last March.Hotel development charge (DC) rates remain largely unchanged for the next six months following a 45.6%...
View ArticleAscott to open four new properties by end-2019
Submitted By: Staff Reporter Case Study: No It will reportedly add 846 units to the lodging scene.Hospitality services operator Ascott will be opening four new properties in Singapore by the end of...
View ArticleJuly RevPAR hits five-year high at $203.6
Submitted By: Staff Reporter Case Study: No This is the highest so far for the year.Singapore’s hotel revenue per room (RevPAR) broke the 200-mark, soaring to $203.6 in July, the highest for the...
View ArticleChart of the Day: Check out Singapore's tourist mix
Submitted By: Sandra Sendingan Case Study: No ASEAN represents 40% and visitors from China account for 17%.This chart from DBS shows the tourist composition in Singapore, with visitors from ASEAN...
View ArticleGIC closes in on $2.08b deal to buy stake in Oxford's Fairmont hotels
Submitted By: Staff Reporter Case Study: No The portfolio consists of four iconic hotels in Canada.Singapore’s sovereign wealth fund, GIC is reportedly nearing a deal to acquire a majority stake in...
View ArticleSingapore is APAC's 2nd most popular travel destination in 2018
Submitted By: Nathanielle Punay Case Study: No Overall expenditure climbed 2.5 times from $8.85b (US$6.4b) in 2009 to $22.95b in the same period.Singapore trails behind Bangkok to rank as the second...
View ArticleAPAC airline traffic growth slows to six-year low in July
Submitted By: Staff Reporter Case Study: No Load factor of 82.6% was below the global average of 85.7%.Asia-Pacific airlines’ July traffic rose 2.7% YoY, down from the 3.9% YoY rise recorded in June...
View ArticleDaily Briefing: Gaming company Razer commits $10m to boost esports; Foodtech...
Submitted By: Staff Reporter Case Study: No And AI Singapore partners with Expedia to develop AI solution for travellers.From Channel News Asia:Gaming company Razer will be ploughing $10m over the...
View ArticleOrchard Road hotel development put on sale for over $155m
Submitted By: Staff Reporter Case Study: No The hotel would be developed into a 6-storey, 115-room site.A freehold hotel development site at Orchard Road precinct has been put on sale via Expression...
View ArticleDaily Briefing: ARA Asset Management weighs Singapore float in dual listing...
Submitted By: Staff Reporter Case Study: No And employee language discrimination cases fell in recent years.From Reuters:Warburg Pincus-backed ARA Asset Management, one of the largest Asian real...
View ArticleOUE sells hotel and serviced residence businesses for $289m
Submitted By: Nathanielle Punay Case Study: No Both components will be bought by DHI Holding.OUE has signed deals to divest its 268-room hotel and serviced residences OUE Downtown Serviced Apartments...
View ArticleHotel RevPAR hits $231.2 for 12 months ending July
Submitted By: Clarist Zablan Case Study: No Investment transaction volume doubled YoY to $828.3m in H1.Singapore hotels remained the top performer in Asia Pacific with its revenue per available room...
View ArticleHotel supply to grow 2% in 2019
Submitted By: Clarist Zablan Case Study: No Expansion of Marina Bay Sands and Resorts World Sentosa to boost the sector.The total existing hotel supply is anticipated to grow by 2% or an additional...
View ArticleHotel accommodation platform RedDoorz is now Vietnam's largest hotel chain
Submitted By: Staff Reporter Case Study: No The company now operates a network of more than 125 hotels in the country.With 125 hotels across five major Vietnamese cities under its wing, hotel...
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