Will more tourist arrivals save Singapore’s glut-stricken hospitality REITs?
Hotel earnings remain under immense pressure.Hotels are gearing up for increased tourist arrivals to Singapore next year, and it’s very easy to get one’s hopes up for brighter days to come.However,...
View ArticleNew luxury hotels spice up Singapore’s hospitality scene
Check out these new openings in Q3.Three new upscale hotels opened their doors to travellers in the third quarter. According to JLL, these new openings added 628 rooms to Singapore's luxury hospitality...
View ArticleRowsley teams up with former Man U stars to develop hotel in Manchester
It will pay $6.89m for its share in the JV.Mainboard-listed lifestyle real estate and investment company Rowsley has entered into a joint venture with former Manchester United football stars Gary...
View ArticleDiscounts and free passes don’t keep tourists happy, reveals report
Satisfaction with local attractions fell in Q3.Contrary to popular belief, showering visitors with discounts and free passes does not automatically translate to higher customer satisfaction for...
View ArticleCan CDL Hospitality Trusts capitalise on Singapore’s rekindling tourist...
Tourist arrivals improved by 3% in September.The hospitality firm naturally feeds on robust tourist arrivals on the city-state, and tourists have been thinking twice about visiting Singapore lately.But...
View ArticleWill Singapore’s visitor arrivals finally bounce back in 2016?
More Indonesians are shunning the city-state.Visitor arrivals in the city-state are a shell of their former glory, as its once-strong Indonesian visitor numbers declining and showing no signs of...
View ArticleSingapore urges business travellers to splurge more as tourist spending shrinks
But travel allowances are also dropping.The lone business traveler has a typically sad routine: finish with meetings, head back to the hotel, fire up the laptop, and work while ordering room service....
View ArticleCheck out Sofitel’s over $40m newly refurbished Singapore Sentosa Resort & Spa
Its 211 rooms and four villas underwent a French makeover.The newly refurbished Sofitel Singapore Sentosa Resort was designed to reflect a bold and elegant style that cleverly integrates the...
View ArticleTransforming service in Singapore's hospitality industry through technology
As you enter into the CBD from Changi Airport, most visitors, myself included, are amazed at the sheer number of quality hotels that dot Singapore's skyline. From the fabled opulence of The...
View ArticleMore Chinese tourists won’t save CDL Hospitality Trusts: report
Hotel revenues remain depressed.Despite the higher number of Chinese Tourists in Singapore, analysts at RHB believe that CDL Hospitality Trusts will continue to have a difficult time boosting its hotel...
View ArticleSingapore casino operators are all out of luck in 2016: Fitch
Growth will continue to stagnate.The chips are down for Singapore's two casino operators in 2016, according to a report by Fitch Ratings.Fitch expects Singapore's gross gaming revenue (GGR) to stagnate...
View ArticleThe Fullerton Hotel hailed as Singapore’s newest National Monument
It's one of three sites gazetted for SG50.The iconic Fullerton Hotel has been gazetted as Singapore’s 71st National Monument, the National Heritage Board (NHB) said in a statement.This concludes a...
View ArticleFrasers Hospitality acquires four UK hotels for $76.3m
The hotels are located in key UK cities.The hospitality conglomerate has further deepened its footprint in the United Kingdom (UK), as it snaps up four properties in the country from Swire Properties...
View ArticleGuocoLeisure puts west London hotel up for sale
It has appointed JLL to assist with the sale.The hospitality firm is bound for a huge payday as it sells Thistle Kensington Gardens Hotel, given its prime location and redevelopment potential.According...
View Article8 most exasperating hassles hotel guests may encounter
Number 7 is helpless.Those crisp white sheets, well-stocked minibar, and concierge service. You are on a holiday and all you want to do is to kick back, enjoy the champagne, and live the high life. The...
View ArticleSingapore’s largest luxury hotels await new owners after $4.1b takeover deal
France’s Accor now owns Raffles, The Stamford and Fairmont.Three of Singapore’s largest luxury hotels--Raffles, Swissotel The Stamford, and Fairmont--will now have a new owner after French hotel...
View ArticleAsia’s largest trade shows won’t save Singapore’s struggling hoteliers in 2016
Room revenues will continue to drop.The return of two large biennial events might not translate to higher revenues for Singapore’s glut-stricken hoteliers, according to a report by OCBC.The Singapore...
View ArticleWe still own Fairmont, Swissotel The Stamford hotel buildings, asserts...
Despite the takeover by AccorHotels.CapitaLand Commercial Trust and CapitaLand Mall Trust has clarified that the ownership structure of Fairmont and Swissotel The Stamford will not change following...
View ArticleGlobal Yellow Pages to terminate debt-ridden Singapore River Water Taxis project
Singapore River Explorer has an outstanding loan worth $6.3m.Global Yellow Pages revealed that it will cease to operate the Singapore River Water Taxis project once its tenure ends on December 31,...
View ArticleStay longer and spend more, Singapore urges tourists
Here's how it plans to lure big spenders in.Singapore wants to shrug off its image of being a mere layover for high-spending tourists en route to other destinations, according to a report by BMI...
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