Singapore - Hospitality Sector

Re: Singapore - Hospitality Sector

Postby behappyalways » Wed Jan 16, 2019 7:45 pm

Worldwide Hotel Group submits top bid of $562.2 mil for Club Street hotel site
https://www.edgeprop.sg/property-news/t ... lub-street

https://www.ura.gov.sg/-/media/Corporat ... 19-03a.pdf
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore - Hospitality Sector

Postby behappyalways » Fri Feb 22, 2019 7:22 pm

Hotel RevPAR up 2.4% to $188.57 in 2018
https://sbr.com.sg/hotels-tourism/news/ ... 57-in-2018
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore - Hospitality Sector

Postby behappyalways » Wed Jul 10, 2019 3:22 pm

Hospitality sector's RevPAR to grow 2-3% in 2019
https://sbr.com.sg/hotels-tourism/in-fo ... -3-in-2019
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore - Hospitality Sector

Postby behappyalways » Tue Jul 23, 2019 2:53 pm

Chart of the Day: 3,415 hotel rooms expected to be completed from 2019-2022
https://sbr.com.sg/hotels-tourism/news/ ... -2019-2022
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore - Hospitality Sector

Postby behappyalways » Sat Sep 28, 2019 9:44 pm

血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore - Hospitality Sector

Postby behappyalways » Mon Mar 30, 2020 5:06 pm

Singapore hotels' average occupancy down to 51%
https://sbr.com.sg/hotels-tourism/news/ ... cy-down-51
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore - Hospitality Sector

Postby behappyalways » Fri May 22, 2020 12:25 pm

血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore - Hospitality Sector

Postby behappyalways » Sat Jul 04, 2020 4:33 pm

Coronavirus: Singapore hotels prepare for different summer season
https://www.bbc.com/news/av/business-53 ... mer-season
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore - Hospitality Sector

Postby winston » Wed Sep 02, 2020 1:34 pm

Singapore Hospitality – Some glimmer of light at the end of the tunnel

Hospitality REITs continued to bear the brunt of the Covid-19 pandemic as 1H20 results for all three hospitality REITs under our coverage came in below our expectations.

This was due to a weaker-than-expected operating environment and retention of distributable income.

Overall, we observe that:-
1) Serviced Residences (SR) were more resilient as compared to Hotels due to SR’s longer pre-existing leases and lease extensions from project groups and corporate business;
2) countries catering to transient travellers were more impacted than those catering to long-stay travellers;
3) properties which sought alternative sources of revenue were less impacted.

For Singapore, we understand that the contracts from the government is likely to last through 3Q, which will continue to provide some buffer to revenue loss.

However, as the number of Covid-19 cases stabilised, there could be lesser demand from the government’s bulk-bookings.

We believe that the outlook remains challenging but we could see a slow recovery in 2H20 for the hospitality sector as more countries exit from lockdowns, and with the reopening of temporarily closed properties, the implementation of “travel bubbles” as well as the government’s support on domestic tourism, barring the risks of subsequent waves of infections.

Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: Singapore - Hospitality Sector

Postby winston » Fri Oct 29, 2021 7:02 am

S'pore hotel occupancy hits year-to-date high in September, shy of pre-Covid-19 levels

International arrivals rose by 19.7 per cent month on month to 19,000 travellers - led by mainland China, which sent 8,950 visitors last month, against 8,900 in August.

Travellers from Germany rose to 769 in September, from 139 the month prior, after the launch of a quarantine-free scheme for fully vaccinated arrivals from the European country on Sept 8.

Singapore has since announced vaccinated travel lanes, or VTLs, with 13 countries in all.

Hotel occupancy hit 63 per cent in September, the highest all year, from 55 per cent the month before, while RevPAR also jumped to a high of $103.18, against $81.86 in August.

Average room rates increased month on month to $163.60 last month, from $147.90 previously, though this was still below the year's peak of $167.30 in April.


https://www.straitstimes.com/business/e ... e-covid-19
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to ASIA, OCEANIA & AFRICA: Data, News & Commentaries

Who is online

Users browsing this forum: No registered users and 7 guests