The Business Times

Hospitality

Property

Far East Orchard targets S$3 billion AUM, 110,000 lodging units by 2030

Alan Tang, Group CEO and Executive Director, Far East Orchard Limited
Companies & Markets
TOPLINE

Beyond hospitality: Far East Orchard leans on student accommodation for recurring income

Minor's founder and chairman William Heinecke: "The minute I feel that I can’t learn anything anymore or I stop learning, that’s when I’m going to retire completely."
ASEAN Business

Minor in name, a powerhouse in reality: Thailand’s William Heinecke far from ready to call it a day

The Rendezvous Grand Hotel Melbourne in Australia, a property under Far East Orchard's hospitality segment. Far East Orchard said tourism arrivals are gradually recovering in Australia.
Companies & Markets

Far East Orchard’s 9M profit more than doubles to S$37.6 million

September 2025’s weak hotel performance is in line with the decline in tourist arrivals for the month.
Singapore

Singapore hotel rates fall in Q3 due to lack of F1; Q2 tourism receipts grow 11.5%

MBS' suite renovation and refurbishment programme was completed in the second quarter of 2025.
Companies & Markets

MBS Q3 earnings reach nearly S$1 billion following hotel renovation completion

Carolyn Choo, CEO of Worldwide Hotels Group, says resilience stems from “turning challenges into opportunities, never wasting a good crisis”.
Events & Awards
EY ENTREPRENEUR OF THE YEAR AWARDS 2025

Staying resilient and redefining hospitality for a new era

The property is a non-core legacy asset within the healthcare-focused Reit’s portfolio of 32 assets, and the manager had already previously identified it for disposal, said First Reit chief executive Victor Tan.
Companies & Markets

First Reit to divest Imperial Aryaduta Hotel & Country Club for 332.2 billion rupiah

As of June this year, Singapore’s total tourism workforce stood at 75,000, up 8 per cent from 69,000 a year earlier, said STB.
Economy & Policy

Tourism sector actively hiring as new roles emerge in tech and sustainability

Allen Law, director of the Park Hotel Group.
Property

Court orders hotelier Allen Law to pay S$29 million to Park Hotel liquidators

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