Singapore hotels get boost from ‘Crazy Rich Asian’ tourism boom News After Singapore’s residential and office markets made comebacks, the next property sector to bet on might just be its hotels. The hotel industry is heading into 2019 in good shape after boosts to visitor arrivals from the Trump-Kim summit and the romantic comedy “Crazy Rich Asians.” Average occupancy rates touched 87
Brookfield-Leela deal on the radar News After struggling with debt for about a decade, it seems that Hotel Leela Ventures Ltd will get a reprieve from Canada’s Brookfield Asset Management deal. Mint (an Indian newspaper) reported that Brookfield is close to buying a majority of Leela hotels assets for ₹4,500 crore, which will be more than sufficient to take care
Industry veteran Kapil Chopra launches The Postcard Hotels & Resorts News Hospitality industry veteran Kapil Chopra recently unveiled a new luxury hotel brand, The Postcard Hotel, and launched three new properties in Goa under the label. Chopra, who has earlier served as the president of Oberoi Hotels and Resorts, said seven more luxury hotels under the brand would come up at different locations
Indian visitors to add over 10m hotel room nights in GCC – report News The number of Indian visitors travelling to the GCC over the coming five years will create an extra 10.8 million room nights, according to data published ahead of Arabian Travel Market 2019 (ATM), which takes place at Dubai World Trade Centre from April 28 – May 1, 2019. The latest research