hospitality

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

SINGAPORE (Mar 20): RHB is resuming coverage on City Developments (CDL) with an upgrade to “buy” from “take profit”, and a revised target price of $15 from $11.30 previously on expectations of an impending recovery of the residential segment this

SINGAPORE (Mar 1): Hotel Royal posted a 92.5% decline in fourth quarter earnings to $0.2 million in 4Q17 compared to its earnings of $2.9 million in 4Q16 on the back of higher operating expenses.

SINGAPORE (Feb 27): Banyan Tree Holdings reported earnings of $3.9 million for the quarter ended Dec 2017, down by more than half of the $8.5 million posted in the same period a year ago on higher expenses.

SINGAPORE (Dec 19): RHB Research is maintaining “overweight” on Singapore REITs (S-REITs) on expectations of selective REITs to continue remaining in favour in 2018, following what the research house sees as a stellar performance in 2017.

SINGAPORE (Dec 8): Property developer Oxley Holdings has announced the soft opening of Mercure Singapore on Stevens, a 518-guestroom development with an all-day restaurant, an executive lounge, a fitness centre and a swimming pool. 

SINGAPORE (Nov 9): Fragrance Group today posted earnings of $4.2 million for 3Q17, up 35.2% on-year from $3.1 million previously on higher turnover with increased contributions from its property development and hotel segments.