Articles tagged “singapore”

Business Travel

Hong Kong’s Restart Prompts Warnings Over Rising Corporate Travel Costs

Experts on the ground in both Hong Kong and Singapore already report booking spikes and surges in airfares and hotel rates. The message is to start laying the groundwork for when China eventually eases its own travel policies.

Matthew Parsons | 17 hours ago
Hong Kong’s Restart Prompts Warnings Over Rising Corporate Travel Costs

News Blog

Singapore Sovereign Wealth Fund to Buy Majority Stake in Resort Group Valued at $2.2 Billion

The Government of Singapore Investment Corporation has acquired a majority stake in Sani/Ikos Group, a luxury beach resort group in the Mediterranean, for an undisclosed amount. The transaction that is expected to close in the fourth quarter of 2022, subject to regulatory approval, values the Mediterranean-based luxury resort operator at $2.27 billion. U.S.-based Oaktree Capital…

Peden Doma Bhutia | 1 week ago

Business Travel

Singapore Regains Title as Conference Hotspot for Dealmakers and Investors

Business travel is booming, and rival financial hub Hong Kong can only look on in frustration as the international banking community flies in for some long overdue networking.

Anshuman Daga and Yantoultra Ngui, Reuters | 2 weeks ago
Singapore Regains Title as Conference Hotspot for Dealmakers and Investors

News Blog

MGM in Talks With Genting for Potential Purchase of Resorts World Sentosa

Casino-resort Genting Singapore is in talks with bidders for the purchase of Resorts World Sentosa and US-based MGM Resorts International is one of the top contenders, according to Bloomberg reports. While MGM’s recent talks with Malaysia’s Lim family, that owns 53 percent stake in Genting Singapore, failed to yield an agreement, the Singapore-based casino operator…

Peden Doma Bhutia | 3 months ago

News Blog

Singapore’s Ascott to Acquire Serviced Apartment Company Oakwood

Singapore-based Ascott is buying global serviced apartment provider Oakwood Worldwide from Mapletree Investments, increasing its global portfolio by 81 properties and about 15,000 units. Terms of the deal were not disclosed. The acquisition is set to be completed in the third quarter of 2022, after which 8,500 Oakwood operational units are expected to immediately contribute…

Peden Doma Bhutia | 3 months ago

Business Travel

Venture Capital Legend Tim Draper Looks to Franchise Hostels

Startup Draper House, which is part of the billionaire investor's funding network, is the perfect embodiment of entrepreneurial tourism, a fast-growing sub sector that blends startup culture and venture capital with hospitality. Co-branding opportunities could help it expand rapidly.

Matthew Parsons | 3 months ago
Venture Capital Legend Tim Draper Looks to Franchise Hostels

Tourism

U.S. Visitors Driving Southeast Asia’s Recovery So Far

Yes, travel is back but with China and Japan largely out of the Southeast Asian inbound equation, the recovery will be bumpy and lagging in many ways.

Peden Doma Bhutia | 3 months ago
U.S. Visitors Driving Southeast Asia’s Recovery So Far

Hotels

Singapore’s Hospitality REITs Poised to Go Private in a Big Way

Damage from the pandemic has undervalued hospitality investment trusts in the Lion City in the eyes of investors itching to take them private. Watch the deals churn in the second half of 2022.

Anshuman Daga, Reuters | 4 months ago
Singapore’s Hospitality REITs Poised to Go Private in a Big Way

Hotels

China’s Strict Covid Policies Likely to Deter Future Hotel Investment

Even if more Chinese cities follow the recent lead of Beijing and Shanghai in easing Covid restrictions, major hotel companies will still tread cautiously regarding future development in the country. Especially since widespread lockdowns could occur again if Covid cases surge.

Rashaad Jorden | 4 months ago
China’s Strict Covid Policies Likely to Deter Future Hotel Investment

Tourism

Japan Will Test Reopening With Select Triple Vaccinated Tourists

One of the most reticent Asian destinations is finally looking to reopen to tourists, but not before a trial run.

Elaine Lies, Reuters | 5 months ago
Japan Will Test Reopening With Select Triple Vaccinated Tourists