hospitality

SINGAPORE (March 30): Unlisted Collection, the umbrella brand of hotelier and restauranteur Loh Lik Peng, will be officially bidding farewell to New Majestic Hotel on June 1 to make way for new developments after owning and operating the boutique establis

SEATTLE (March 23): Amazon.com Inc.’s battle with Apple Inc. over digital assistants is moving to a new venue: hotel rooms, where Alexa and Siri are both vying to be the voice-controlled platform of choice for travelers.

SINGAPORE (March 2): Mandarin Oriental, a member of the Jardine Matheson Group, has declared FY16 earnings of US$55.2 million ($77.9 million), 38% down from its earnings of $89.3 million in the previous year on weak demand in a number of its key cities.

SINGAPORE (Feb 23): Banyan Tree Holdings, the manager and developer of luxury hotels, resorts and spas in Asia, has declared $8.5 million in 4Q earnings on higher operating profit – a turnaround from the $18.4 million loss posted in 4Q15.

SINGAPORE (Feb 9): OCBC Investment Research maintains its “neutral” stance on Singapore’s hospitality industry with OUE Hospitality Trust (OUE HT) as its top and only “buy” pick in the sector with a fair value estimate of 75 cents, as it is expe

(Dec 22): China wants to get more tourists to hit the road, and has even announced targets for skydiving, water skiing and mountain climbing, as authorities push for more consumer spending to aid the economic transition away from old industrial drivers.

SINGAPORE (Dec 11): It has been an interesting year for jobs and employment in Singapore. On the one hand, jobs have been harder to come by, and more people are clinging on to their positions at work because of a lack of options.

SINGAPORE (Dec 9): CIMB is downgrading Singapore REITs to “underweight” from “overweight” as growing long-term borrowing rates cap share price performance and higher financing costs affect distributions per unit (DPUs).

SINGAPORE (Dec 8): Banyan Tree Holdings announced that it has entered into a strategic collaboration with hotel giant AccorHotels which is investing $24 million in the operator of luxury resorts.

SINGAPORE (Nov 29): MMP Resources announced that its Japanese subsidiary, MMP Resources Japan (MMPRJ), has entered into an agreement with JRT Trading to operate and manage the Chisenupuri Ski Area.