Hotels & Tourism

Test Article
15 Jun 21
Test Article
Worldwide Hotels Group secures $405m green loan
3 Jun 21
The loan will help finance a new hotel and commercial development.
Daily Briefing: Tesla ditches radar; and Malaysia COVID case ratio exceeds India
26 May 21
And a quick rundown on which countries are eager to reopen borders to tourism as summer approaches.
Frasers Hospitality gears up for expansion in China
26 May 21
The group plans to add seven properties to its portfolio over the next four years.
SingapoRediscovers Voucher validity extended to encourage local tourism
17 May 21
Singapore citizens can use their vouchers until December 31.
Eagle Hospitality REIT fails to sell Texas property
10 May 21
The potential buyer of Crowne Plaza Dallas Near Galleria-Addison did not follow through with on time payment.
Frasers Hospitality Trust net property income falls by 40.9%
3 May 21
The company reported a net property income of $26.7m for the first half of the year ending in March 2021.
Far East Hospitality net property income slips 8.4%
3 May 21
Lower occupancy rates led to lower revenues.
59% of Singaporeans would choose travel over a work promotion
30 Apr 21
The majority of Singaporean professionals want a getaway from the work-from-home life.
CDLHT reports 1% YoY rise in net property income for Q1, 2021
30 Apr 21
This is despite sharp declines in revenue per available room at many of its hotels.
Turbulent times ahead as SG-HK travel bubble delayed anew
22 Apr 21
The declaration of a travel corridor between the two cities has been delayed for the second time.
Singapore tightens border measures for Indian travellers
21 Apr 21
Meanwhile border measures for Hong Kong, South Africa and UK travellers have been eased.
Eagle Hospitality REIT drops the Crowne for $24.1 m
13 Apr 21
Eagle Hospitality REIT called the Texas property a "drain on a limited pool of funds".
Singaporeans ‘optimistic' about getting back to travel: report
8 Apr 21
71% feel “more hopeful” amidst theCOVID-19 vaccine rollout, and potential for air travel bubbles.
Is it safe to get the cheese? Guidlines launched for MICE events
8 Apr 21
The SG SafeEvents Certification programme will allow business events to be held amidst the ongoing pandemic.
Singapore to top-up tourism fund by $65.8m
8 Apr 21
The extra cash injection will support the sector’s recovery amidst near-term headwinds.
Singaporeans at ease with digital health apps for travel
8 Apr 21
But only a handful are planning to book international flights as soon as restrictions are lifted.
2.2 million Singaporeans have not used their SingapoRediscovers vouchers
7 Apr 21
The vouchers, designed to get locals spending on tourism services, will expire on 30 June.
More data needed before borders can be opened - MOH
6 Apr 21
The Ministry of Health noted that most countries have just begun their vaccination programmes.
Hospitality REITs to stay below pre-pandemic levels until 2023: Moody's
4 Apr 21
Moody's Investor Services said travel disruptions would keep hospitality REITs revenue weak for the near future.
Far East Hospitality Trust granted $125m sustainability loan
30 Mar 21
Part of the funds will be used to reduce the company's energy consumption.
Daily Briefing: WEF meeting perparations push through; Aviation contractor attempts supersonic combat drone;
25 Mar 21
And The World Economic Forum's special annual meeting will be held in Singapore in August.
Travel corridor between Singapore and Indonesia underway
23 Mar 21
Singaporeans may visit Batam Nongsa and Bintan Lagoi in April.
Revenue of Ascott and Frasers REITs to remain weak until 2023
18 Mar 21
But excellent liquidity will help them through the industry turmoil.
Reopening borders a key priority: gov't
15 Mar 21
Prime Minister Lee Hsien Loong wants travel to resume within the year end.
Garcha Group launches luxury co-living boutique hotel
15 Mar 21
MYPOSHPAD offers members exclusive social events ideal for professionals.
Connect@Changi welcomes first set of overseas travellers
15 Mar 21
The facility aims to resume businesses amidst the COVID-19 pandemic.
UOL net profit plunges by 97%
1 Mar 21
Earnings per share took a dive from $56.8 cents to $1.6 cents.
CDL suffers $1.9b loss in H2 2020
26 Feb 21
The property firm's revenue fell by 38.5% for FY 2020.
Far East Orchard profit crashes by 94% in 2020
26 Feb 21
The hotel operator took a massive hit behind closed borders.
Genting Singapore suffers 90% profit loss in 2020
10 Feb 21
Profits continued to plunge despite the reopening of Resorts World Sentosa in H2 2020.
Singapore delays business travel bubble plans
9 Feb 21
The plan was first announced in December 2020.
Looking ahead to the future of Singapore's tourism industry
3 Feb 21
The Singapore Tourism Board saw an 85.7% decrease in visitor arrivals in 2020.
Tourism arrivals and receipts to remain weak in 2021: STB
2 Feb 21
STB’s SingapoRediscovers Vouchers scheme has netted $35.9m since 1 January.
Daily Briefing: SG suspends green lane travel with Malaysia, Germany, South Korea for 3 months; OceanShield raises $1.1m
1 Feb 21
And SSG, DesignSingapore, Tribal Worldwide launch skills development programme for SMEs in design sector.
Daily Briefing: Pilot to reopen nightclubs, karaoke outlets delayed amidst rise in community cases; DBS to cease use of physical tokens from April
20 Jan 21
And Lupl snags $18.57m, signs MoU with Singapore's Ministry of Law.
Domestic travel dominates Singaporeans' holiday vacation searches
15 Jan 21
Most are planning for the Lunar New Year, Valentine’s Day, and school holidays.
Daily Briefing: CDL to sell Penang hotel as part of portfolio review amidst COVID-19; Appboxo snags $1.47m seed funding
14 Dec 20
And MOT may review 2040 target for vehicles in SG to be low emission.
Singapore minister, STB welcome Google Travel Insights services
8 Dec 20
Travel Insights with Google can be used to better understand travel demand.
Domestic hotel searches skyrocket in Singapore: study
4 Dec 20
Staycation continues to trend with government help.

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