HATTEN Land has proposed to assign its intellectual property (IP) rights in the Harbour City integrated development in Malacca, Malaysia to Tayrona Capital for US$60 million.

SINGAPORE ECONOMY

LOCAL businesses in some sectors, particularly those hardest hit by the Covid-19 pandemic, have already been taking action to reinvent themselves instead of waiting out the crisis, firms and trade...

INTERCONTINENTAL Hotels said on Tuesday it was seeing some "very early" signs of improvement in demand after the Holiday Inn-owner's revenue more than halved and profit slumped 82 per cent in the...

US hotel operator Marriott International posted a bigger-than-expected quarterly loss on Monday, as the coronavirus pandemic curbed global travel and led to a plunge in room bookings.

SAUDI Arabia has agreed with Europe's biggest hotel group Accor for the group to expand and operate a resort at the US$20 billion Al-Ula tourism project in the kingdom's northwestern region, the...

PAN Pacific Hotels Group will provide 25,000 room nights in complimentary hotel stays to healthcare workers, to honour their contributions in fighting the Covid-19 pandemic.

HOT STOCKS

SHARES of Genting Singapore tumbled 4.9 per cent on Friday, after the resort operator on Thursday posted its worst quarterly performance since Resort World Sentosa's (RWS) opening in 2010.

KGI Securities has downgraded ARA US Hospitality Trust (ARA H-Trust) to "neutral" with a lowered target price of US$0.40 from US$0.67.

HOTEL operator and property developer Far East Orchard has fallen into the red with a S$853,000 net loss for the half year ended June 30, 2020, versus a net profit of S$5.8 million a year ago....

FRASERS Hospitality, a member of Frasers Property, on Thursday said it is opening a 22-storey serviced residence named Fraser Suites Akasaka in Japan on Aug 7.