News about hospitality

KUALA LUMPUR (Sept 2): YTL Hospitality REIT is currently on the lookout for quality assets amid the industry downturn led by the pandemic, and does not rule out potential acquisitions in the near-to-medium term with the emergence of yield-accretive assets, analysts said.

The global pandemic has confronted the hospitality sector with an unprecedented challenge.

SINGAPORE (July 27): CDL Hospitality Trusts (CDLHT) is mulling to diversify its investment strategy besides hospitality assets to include rental housing, co-living, student accommodation and senior housing, reported The Edge Singapore on July 26.

KUALA LUMPUR (July 22): Marriott International, Inc.

KUALA LUMPUR (July 15): Berjaya Corp Bhd (BCorp) plans to privatise subsidiary Berjaya Land Bhd (BLand) and sell Berjaya Sports Toto Bhd (BToto) under the diversified group's strategic transformation plan, which includes a proposed hospitality real estate investment trust (REIT).

KUALA LUMPUR (June 11): AmInvestment Bank Research has cut its fair value (FV) for Pavilion Real Estate Investment Trust (REIT) and IGB REIT, while increasing its FV for Sunway REIT.

KUALA LUMPUR (May 28): Eastern & Oriental Bhd (E&O) returned to the red after two quarters in the black, posting RM75.

PETALING JAYA (May 25): Sunway Bhd’s net profit for the first quarter ended March 31, 2021 dropped 6% to RM58.

Singapore (April 26): Despite the market slowdown due to the Covid-19 pandemic, the Singapore hospitality market has remained robust with the opening of several new hotels, reported CNA.

PETALING JAYA (Feb 2): Half of the industry players remain positive about the hospitality sector outlook in the next 12 months, with 45% feeling that the sector is on its way to recovery, albeit contingent on the progressive roll-out of the vaccine and opening up of international travel restrictions, a survey by property consultancy firm Knight Frank revealed.