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NEWS

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STB to draw up tech road map to make hotels 'smarter'

Singapore

FACING changing consumer demands and technological disruption in the sector, the Singapore Tourism Board (STB) has announced a plan to identify technology that hotels can adopt, such as facial recognition at check-in and the use of e-payment wallets.

Work on this road map to help hotels become "smarter" will begin late next year.

It will serve as a common framework ...more

Largest luxury liner based in Singapore sets off

Singapore

The biggest luxury ship to be based in Singapore embarked on its maiden cruise on Thursday night, in a boost for Singapore's ambitions of becoming a cruise hub in Asia.

Genting Hong Kong's cruise liner Genting Dream, which has 18 decks and can host 3,352 passengers, will be sailing from Singapore to Indonesia, Malaysia, Thailand and Myanmar from Thursday.

To promote ...more

Cityneon could face cash offer as majority shareholder gets new majority owner

Singapore

MAINBOARD-LISTED events and exhibitions firm Cityneon Holdings may face a possible cash offer as its majority shareholder Lucrum 1 Investment Limited, which holds a nearly 70 per cent stake in Cityneon, changes ownership.

Even if that occurs, however, the firm's management and future plans should not be affected, Cityneon executive chairman and chief executive Ron Tan, who ...more

Visitor arrivals, spend up in 1H; uptrend likely to continue

Singapore

IN another boost to the economy, tourism receipts and visitor arrivals both grew in the first half of this year, with prospects appearing bright for the second half as well.

Visitor arrivals were up 4 per cent at 8.5 million, while tourism receipts expanded at a faster pace of 10 per cent to hit S$12.7 billion, a report from the Singapore Tourism Board (STB) showed. Chinese ...more

Ascott beefs up Singapore presence with two new contracts

Singapore

THE Ascott Limited, the serviced residence arm of CapitaLand, is beefing up its presence in Singapore with new contracts to manage two properties in the CBD and the new Ophir-Rochor Corridor.

Both properties, offering a total of more than 600 units, will operate under the Citadines brand, it said on Monday.

The 299-unit Citadines property in Raffles Place and the ...more

2018 may deliver better year for hospitality sector

2018 could shape up to be a more buoyant year for the local hospitality industry, thanks in part to a slowdown in supply.

Over 2011-2016, hotel room inventory expanded at a compound annual growth rate of 5.1 per cent, with a further 4 per cent slated to come onstream this year.

Heightened competition has been putting pressure on revenue per available room (RevPAR), especially as new ...more

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
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