hospitality industry

Economic outlook

Hospitality industry sees recovery, new trends and intense competition

These experts share their two cents on the latest trends in the hospitality industry.
Marriott International’s Oriol Montal shares today's new ways to travel - THE EDGE SINGAPORE

Travel

Marriott International’s Oriol Montal shares today's new ways to travel

Marriott International’s Oriol Montal tells us about the latest happenings in luxury travel.
The hospitality industry bounces back - THE EDGE SINGAPORE

Tourism

The hospitality industry bounces back

In June, 1.13 million visitors returned to Singapore for leisure and work, signalling a resurgence in the hospitality industry.

Digital Economy

Marina Bay Sands introduces mobile check-in and digital keycards for guests

This is part of the transformation plan to elevate the end-to-end digital experience across all touchpoints of the guest journey.
Returning travellers fuelling the hospitality sector - THE EDGE SINGAPORE

Tourism

Returning travellers fuelling the hospitality sector

International tourist arrivals worldwide during the first five months of 2022 recovered to almost half of pre-pandemic 2019 levels
Banyan Tree branches out globally - THE EDGE SINGAPORE

Company in the news

Banyan Tree branches out globally

China’s holidaymakers are still missing but the luxury resort operator is opening new properties elsewhere to make up the numbers.

Results

Hotel Royal sinks into the red in 1H with loss of $3 mil

Hotel Royal sinks into the red in 1H20 with a loss of $3 mil due to global travel restrictions

Results

Genting Singapore's 1Q earnings tumble 55% to $149 mil as Covid-19 impact turns 'devastating'

“The pandemic has been absolutely devastating to the tourism industry across the world,” says GENS. “Our flagship property, Resorts World Sentosa (RWS) too, has been severely affected and will continue to face significant challenges,” it adds.

Covid-19

Hotels hit by Covid-19 see diversification as key when recovery resumes

“With the plunge in both visitors and meetings, I am sure the government is going to have to do more if there is any hope for the hotels to survive,” says Liza.

Tech

SoftBank remakes itself with a US$41 bil bazooka

The deleveraging exercise was forced on Softbank which had piled up gross consolidated debts of nearly US$170 billion and net debts of over US$130 billion.
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