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hospitality and tourism
Singapore news
Changi Airport sees passenger traffic nearly returning to pre-Covid levels in June
The airport handled 5.12 million passenger movements in June, crossing the five million mark since January 2020.
July 20, 2023
Tourism
Kop Limited to acquire Charlton House Spa Hotel for GBP3.1 mil
The consideration will be funded by internal cash resources.
March 01, 2023
Results
Far East Orchard's losses widen to $1.9 million in 1HFY21 as Covid-19 rages on
The group’s net asset value edged down to $2.70, from $2.72 on Dec 30.
August 04, 2021
Results
Banyan Tree posts losses in 2H20, but is "determined to build back better," says Ho Kwon Ping
“We have taken the opportunity to lay the foundations of a more agile, resilient and responsive organisation,” says Ho Kwon Ping.
March 01, 2021
Broker's Calls
Worst is over for tourism and aviation, says DBS, as Phase 3 vaccine trial results await
Bargain hunters may take advantage of a resulting market upswing in anticipation of a steadier recovery from 2H2021.
November 13, 2020
Broker's Calls
DBS Research bets Covid-19 recovery hopes on Covid-19 vaccine in 2021
Ten of the candidates are now in Phase 3 trials, with the first results coming out as soon as October.
October 09, 2020
Tourism
STB and Klook team up in bid to revive Singapore's domestic tourism
The partnership between STB and Klook aims to encourage locals to explore and experience a different side of Singapore.
September 14, 2020
Results
Covid-infection drags Banyan Tree's 1H20 losses deeper into the red
Banyan Tree has not declared a dividend for 1H2020 – similar to 1H2019.
August 13, 2020
Broker's Calls
DBS downgrades Genting to "hold" as brutal headwinds await for hospitality and tourism ahead
This comes after slashing EBITDA figures for the casino and hotel operator due to the brokerage's expectations of a longer J-shaped recovery, attributable to a larger drop in tourist arrivals, and a sharper contraction in the economy.
May 04, 2020
SE Asian economies
Asia's beaches go quiet as Chinese tourists stay home
(Sept 6): From quiet beaches in Bali to empty rooms in Hanoi’s hotels, pangs from China’s economic malaise and weakening yuan are being felt across Southeast Asia’s vacation belt.
September 06, 2019