Boutique hotels in Singapore are seeing a 20 per cent increase in occupancy rates, thanks to the APEC meetings. The 288-room Link Hotel at Tiong Bahru have been offering business packages with free broadband internet and Asian buffet since last month. And business is up by 20 per cent, with the hotel being almost fully booked. Another draw is that the hotel is not affected by road closures, unlike those...
Hotel
There are signs the worst may be over for the hotel industry in Singapore. That's according to Millennium & Copthorne Hotels, a unit of Hong Leong Group. It said revenues are showing signs of picking up. And M&C also sees room for further growth next year despite the opening of the two integrated resorts in Singapore. Kwek Leng Beng, executive chairman, Hong Leong Group, said: "I believe that...
The world's leading luxury hotels are rushing to expand in Shanghai ahead of next year's World Expo, with hopes high for the upscale travel sector in the Chinese financial hub despite the global downturn. The opulent Peninsula, the only new building on the main part of Shanghai's historic Bund in 60 years, just opened, embracing the city's Jazz Age heyday with a chauffeur-driven 1934 Rolls Royce Phantom...
Mainboard-listed Straits Trading Company said it's reorganising its hospitality assets under one unit. It has set up a wholly-owned subsidiary called Rendezvous Hospitality Group, or RHG, which will own hospitality assets in excess of S$300 million. These include 13 hotels currently under management and four additional properties under development. It has appointed Iqbal Jumabhoy as the CEO of this new...
The global hospitality sector is set to make a come back next year after several sluggish quarters. Observers told an industry seminar in Singapore that the serviced apartment segment in Asia will emerge the strongest. But hotels may struggle with fewer business travellers and an oversupply of hotel rooms. The hospitality sector has seen sluggish times since the start of the global downturn. But...
Good news for Singaporean holiday makers and local businessmen travelling abroad. According to the latest Hotel Price Index from Hotels.com, the average price of a hotel room around the world fell by 17 per cent in the first six months of 2009. The survey found that in major destinations across the Asia Pacific, Singaporeans are now able to enjoy lower hotel rates for regional travel. Beijing saw hotel...
A conserved building approved for use as a hotel at Joo Chiat Road has been put up for sale by tender. The property is owned by a local investment company, which is seeking offers in the range of S$20 million to S$22 million. Joo Chiat Hotel comprises a 3-storey front section and a 4-storey rear extension, with 68 guestrooms and one pub. These are leased by operators at a total gross rental revenue...
Industry watchers said the boutique hotel sector in Singapore is under-penetrated. They said there's room for at least another 10 new ones to spice up the local hospitality scene and to attract more niche travellers looking for something different. Take a shower right in the middle of the room just a few feet from your bed is what you get to do for about S$385 per night in a basic executive room at...
A new five-star hotel with luxury shopping outlets will soon replace the former Crown Prince Hotel along Orchard Road. Set to open next year, the Grand Park Orchard Hotel and the Knightsbridge retail space linked to it will add to the buzz along the rejuvenated shopping district. Its retail space will almost double to about 83,000 square feet. It is part of Park Hotel Group's plan - which was conceived...
The Urban Redevelopment Authority (URA) has launched a hotel site at New Bridge Road for sale. Last month, the urban planners received an application from a developer to put the plot on sale. URA says the developer has committed to bid at least S$43,888,888 for the 99-year lease hold site located in Chinatown, near the Outram Park MRT station. The 0.45 hectare site can yield a maximum permissible gross...