Pan Pacific Hotels Group on Tuesday said its net profit fell 24 per cent to S$11 million in the first quarter of this year compared to the same period last year. The group's revenue also declined by 13 per cent to S$66.5 million in the three months ended March. The group said the decrease is largely due to weaker performance from its hotels. The group is pessimistic about the year ahead. It said the...
Pan Pacific Hotel
Hotel rooms that provide a good view of Singapore's first Formula One Grand Prix race in September are being snapped up, including those that cost more than S$13,000 a night. Most hotels that line the track said business is good. With six more months to go before the big event, some have already had confirmed bookings for 50 to 95 percent of the rooms. From the 26th floor of Fairmont Hotel, one gets to see...