24 November 17
The Business Times by LIM MIN ZHANG
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
17 November 17
The Business Times by JOSE HONG
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
08 November 17
The Business Times by ANDREA SOH
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
07 November 17
The Business Times by NISHA RAMCHANDANI
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
31 October 17
The Business Times by LYNETTE KHOO
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
26 October 17
The Business Times by NISHA RAMCHANDANI
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
12 October 17
The Business Times by LEE MEIXIAN
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
03 October 17
The Business Times by VINCENT WEE
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
29 September 17
The Business Times by JUDITH TAN
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
13 September 17
The Business Times by VIKRAM KHANNA
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