Hotels & Tourism
CityDev builds fund manager to accumulate $6.57b assets
CityDev builds fund manager to accumulate $6.57b assets
It wants a constant income stream with less reliance on capital appreciation.
Tourism cess payments could cover more businesses
The MTI and STB proposed this in a public consultation to amend the Cess Collection Act.
UOL Group 2017 profits jumped 210% to $891.01m
Its consolidation with UIC Group raised revenue.
$478m luxury hotel slated for Singtel Hill Street site
Local developer EL Development paid $118m for the property.
Genting Q4 profits fell 29% to $133.99m
But its revenue rose thanks to the strong performance of its leisure and hospitality segment.
Chart of the Day: Expected hotel supply to fall in three years
The government is deliberately slowing hotel development after supply overflowed before 2017.
Far East Hospitality Trust's rental income down 7.8 %
Its Orchard hotels and Oasia hotel Novena struggled against new competitors in Q4 2017.
Singapore's newest clubs not for your grandfather
Two emerging clubs want to focus on co-working and fostering thought-provoking ideas.
Far East Hospitality Trust's property income fell 5.3% to $93.15m
This was caused by a lower revenue of $109.06m.
CDL Hospitality Trust's property income to grow 6.26% to $161.3m in 2018
The return of corporate spending and higher visitor arrivals are likely to drive growth in its Singapore portfolio.
Chart of the Day: See what tourists spent on in 2017
Tourist shoppers spent $4.73b on shopping from Q1 to Q3.
Tourists expected to spend $27.1b in 2018
Singapore is also projected to welcome 17.1 million visitors.
Singapore tourists splurged $26.8b in 2017
Tourists from China, US, and UK were the biggest spenders.
Frasers Hospitality to expand units to 30,000 by 2019
This could boost FPL’s growth for the year.
Singapore's expected hotel yields amongst the lowest in Asia
They're expected to yield 3.5%-4.5% in 2018.
Frasers Hospitality expands Japan portfolio by $250m
Two residential properties will be launched by 2020.
Ascendas Hospitality Trust's property income to drop to $98.5m in 2018
But contributions from Japan and Singapore markets may offset headwinds.
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