hospitality

SINGAPORE (June 20): Mastercard has released findings from its 2018 Global Destination Cities Index (GDCI): Play study, which measures international destinations with the highest concentration of visitors traveling for relaxation and leisure, instead of b

SINGAPORE (June 18): Ascendas Hospitality Trust (A-HTRUST) is acquiring a portfolio of three hotels in Osaka, Japan, for 10.29 billion yen ($126.1 million) via Ascendas Hospitality REIT.

SINGAPORE (June 6): Far East Hospitality has announced the latest and final brand of the group’s upcoming three-property portfolio in Sentosa.

SINGAPORE (May 30): Memories Group, the tourism-focused company based in Myanmar, is acquiring a boutique hotel in Loikaw, Kayah State, Myanmar, for US$2.9 million ($3.9 million) from the Wa Minn Group of Companies and U Kun Naung Myint Wai.

SINGAPORE (May 14): Amara Holdings reported earnings of $2.1 million for the 1Q ended March, up 32% from its restated earnings of $1.6 million a year ago due to higher revenue and other income.  

SINGAPORE (May 4): Millennium & Copthorne Hotels (M&C Hotels) reported a doubling of 1Q18 earnings to £26 million ($47 million) from £13 million a year ago, due to higher profit contributions from associated companies as well as a one-off gain from disp

SINGAPORE (Apr 17): It has become increasingly expensive for companies to send their staff on business trips on Singapore, finds a recent survey conducted by research firm ECA International.

SINGAPORE (Apr 10): Frasers Hospitality, a member of Frasers Property Group, has announced that a new hotel property under its millennial-focused brand, Capri by Fraser, is due to open by 1Q19 as part of the China Square Central (CSC) precinct.

SINGAPORE (Apr 6): CDL Hospitality Trusts (CDL HT) is embracing automation amid a general lull in its local operations. The profitability of its Singapore hotels has been on a downtrend for the last five years, in line with the broader sector.

SINGAPORE (Mar 26): United Overseas Bank (UOB) has launched The Travel Insider, an online travel marketplace in partnership with companies from the airline, hospitality and travel industries to offer an integrated platform for travel and itinerary plannin