Hotels & Tourism
Genting Singapore may shell out $1b in FY2019 capex: analyst
Genting Singapore may shell out $1b in FY2019 capex: analyst
The firm is likely to incur $250m per quarter for land acquisition alone.
Tourist spending down 4.8% to $6.5b in Q1
Spending for accommodation and shopping fell sharply during the quarter.
Genting Singapore profits dipped 5% to $373.6m in H1
This was partly due to slower mass gaming business.
Raffles Singapore reopens after two-year restoration
Its total suite count has grown from 103 to 115.
Ascendas Hospitality Trust NPI inched up 5.2% to $21.3m in Q1
Income was boosted by contributions from five hotel acquisitions made in 2018.
Services sector outlook subdued for H2
Hoteliers are amongst the most optimistic whilst retailers expect lower turnover.
Far East Hospitality NPI slips 2.4% in Q2
However, NPI rose by 3% YoY in the first quarter of the year.
Singapore's hotel RevPar hits $185 in H1
The luxury segment drove most of the half-year gains.
Chart of the Day: Tourists could account for a fifth of retail sales by end-2019
Tourist expenditure on shopping grew at a 10-year CAGR of 3.4%.
Chart of the Day: 3,415 hotel rooms expected to be completed from 2019-2022
This represents muted growth in supply at 4-year CAGR of 1.3%.
Hospitality sector's RevPAR to grow 2-3% in 2019
RevPAR for luxury hotels grew 3.3% YoY to $185 for 5M19.
Datapulse Technology-Pam Holdings consortium set to buy Bay Hotel Singapore for $235m
It is looking to rebrand the hotel which will be managed by an international hotel management firm.
SIA Changi Airport lounges receive $50m makeover
Renovations will increase total customer capacity by 30%.
Singapore retains crown as the world's most powerful passport
It shares first place with Japan with visa-free access to 189 countries.
Japan integrated resort wins could seal quicker turnaround for Genting Singapore
Projects in Osaka and Yokohama could yield an aggregate EBITDA of $2.52b by FY 2026.
Daily Briefing: Temasek backs US fintech firm's US$130m series E funding; Grab invests in UK software startup Splyt to expand outside Asia
And Raffles Hotel will open in Sentosa island in 2022.
Mercurius granted deadline extension to end-August to keep listing status
If it fails, it will only be recognised as a cash company.
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