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NEWS

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Banyan Tree marks homecoming with resort in Mandai

Singapore

SINGAPORE hospitality group Banyan Tree Holdings will open its first Singapore resort on a 4.6-hectare site near the Singapore Zoo in Mandai by 2023.

This comes after more than two decades of searching "long and hard" for project opportunities on its home turf, including Sentosa, and not finding any.

Details of the eco-friendly Mandai resort, which has not yet been ...more

Singapore holds much potential for Korea's MICE offerings

SINGAPORE is a small country, but it punches above its weight regionally with many multinational companies locating here and as a result, this brings with it many opportunities for the MICE (meetings, incentive travel, conventions and exhibitions) market.

"There are still many opportunities to explore for Singapore market for Asia-Pacific meetings and incentive groups to Korea," said Korea ...more

Asia's first YOTEL opens in Singapore

Singapore

YOTEL, the global chain of microhotels inspired by Japanese capsule hotels but infused with a sense of compact luxury, opens its first property in Asia on Sunday - right in the heart of Orchard Road.

The 30-floor YOTEL Singapore has 610 rooms, called "cabins", each equipped with adjustable Smartbed, technowall and smart TV.

The hotel promises to provide guests with ...more

Airbnb mixes business with leisure

Singapore

INITIALLY targeted at mainly tourists, the home-sharing platform Airbnb is now becoming increasingly popular among business travellers in the Asia-Pacific (APAC), according to David Holyoke, the company's global head of business travel.

Since 2015, when Airbnb rolled out a programme targeted specifically at business travellers called Airbnb for Work, more than 250,000 companies ...more

Oxley's Stevens Rd hotel development gets TOP

Singapore

HOMEGROWN property developer Oxley Holdings said on Tuesday its hotel development on Stevens Road had received the Temporary Occupation Permit (TOP) on Aug 3.

The group said the hotels at the development, operating under the Novotel and Mercure brands, are expected to commence operations in the second quarter of FY2018.

The development comprises a 254-room Novotel ...more

More disruption ahead for hospitality sector

THE government's move to halve the minimum rental period for private homes from six months to three months appears to be a middle-of-the-road approach to meeting clamouring demands from different camps. Despite what some see as a measured move, there are sombre implications for incumbent hospitality players.

Singapore is not alone in reviewing its rules as cities globally are doing likewise ...more

China visitors fuel rise in tourists, jump in spending

Singapore

DRIVEN by growth across most categories, tourism spend in Singapore jumped 15 per cent year-on-year in the first quarter of this year to S$6.4 billion, outpacing a 4 per cent rise in arrivals to 4.3 million.

Chinese travellers emerged as both the biggest spenders and leading source of visitors in the first quarter, chalking up double-digit growth in tourism receipts and ...more

Ascott solidifies position as global hospitality player

The serviced residence firm The Ascott made two major investments this month aimed at solidifying its position as one of the world's largest hospitality players.

The CapitaLand-owned company said yesterday it is acquiring an 80 per cent stake in Synergy Global Housing for US$33.7 million (S$45.9 million). This will triple its United States portfolio from about 1,000 units to 3,000 and raise ...more

S'pore hotel rates, airfares to take off in 2018

Singapore

AIRFARES in Singapore are expected to rise by 3.9 per cent next year, outpacing the region, while hotel prices here are projected to see a 3.2 per cent increase as the hotel industry picks up pace, according to a report.

In comparison, Asia-Pacific airfares are expected to grow at a slower 2.8 per cent in 2018, and regional hotel prices are expected to see a rise of 3.5 ...more

Business travel spending in Singapore to grow faster than world average

Singapore

BUSINESS travel spending for Singapore is projected to grow by 4.3 per cent this year - slightly above the global average - to S$17.2 billion, according to a report.

The report by the World Travel and Tourism Council (WTTC) and Travelport estimates that worldwide business travel spending would rise by 4 per cent to about US$1.2 trillion, driven by the Asia-Pacific, and will ...more

OUEHT backed by growth catalysts amid headwinds

THE hospitality industry is facing a competitive operating environment with a substantial amount of new supply slated to come onstream and softer corporate demand from some sectors.

But OUE Hospitality Trust (OUEHT) could be well placed among industry peers, especially amid expectations of a recovery in the sector next year, some analysts reckon.

OUEHT's portfolio includes the Mandarin ...more

Ascott buys 60% more of Quest for $191m

CapitaLand's wholly owned serviced residence unit, The Ascott Ltd, said yesterday it is acquiring an additional 60 per cent stake in Quest Apartment Hotels (Quest) for A$180 million (S$191 million).

The move will increase Ascott's stake in Quest from its current 20 per cent to 80 per cent, making it the largest serviced residence provider in Australasia.

With 180 properties across ...more

AccorHotels sees saturation giving it the upper hand

Singapore

DESPITE a slightly softer start to the year for the Singapore hotel market, AccorHotels said that its properties here are outperforming the sector, with both occupancy and rates doing well.

Chairman and chief executive officer for the Asia-Pacific Michael Issenberg said that, contrary to belief, having a saturation of hotels and brands in Singapore has given the group the ...more

S'pore's energy solutions on show at Expo 2017

A specially choreographed dance about the process of metamorphosis and its transformative power encapsulated Singapore's efforts to develop effective energy solutions at the country's Expo 2017 pavilion.

It was opened yesterday by Speaker of Parliament Halimah Yacob, who is in Astana, the capital city of Kazakhstan, for the event.

Themed Small City, Big Ideas, the pavilion showcases ...more

Singapore to host event featuring top scientists

A meeting of the best minds in science will take place in Singapore next week, when more than 400 scientists gather here for the Commonwealth Science Conference.

They will discuss issues such as climate change, emerging infectious diseases, energy and carbon storage, as well as medical research during the four-day conference, which starts on Tuesday.

The event, which will be held ...more
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