Millennium & Copthorne

Millennium & Copthorne sees steep 77% increase in Q1 profits

Hotelier Millennium & Copthorne has posted a profit of 12.2 million pounds (S$25.5 million) for the first quarter of this year. This is a 77 per cent increase from the same quarter a year ago. This was attributed to signs of recovery in some markets led by Singapore and New York. Meanwhile, revenue for the quarter was 160.5 million pounds, a 2.2 per cent increase from the same period last...

Hotels in Sentosa renovate, restructure to reap benefits from IR openingHotels in Sentosa renovate, restructure to reap benefits from IR opening

Hotels in Sentosa are riding on the latest wave to hit the island - the opening of Resorts World Sentosa (RWS). Some have even closed down for renovations to ride on the expected increase in visitors. Rasa Sentosa Resort has been on the island for 17 years, and had been renovated only once. It is time for a major makeover to prepare for the increased business that is likely to be generated from the buzz...

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