UBS says QE2 will benefit Singapore, “not by re-rating nominal asset prices per se, but by lifting regional demand for consumer and investment services, which would play into Singapore’s strength as a regional hub.”
Singapore’s target of having 17 million tourist-arrivals, S$30 million in tourist spending annually by 2015 will prove to be modest, says CLSA, according to Dow Jones.
Notes opening of 2 casino-resorts earlier this year signals start of growth spurt for tourism sector: "The tourism sector will be one of the key drivers for the Singapore economy in the next five years."
Several Queensland mayors have thrown out the welcome mat in a bid to lure American talk-show queen Oprah Winfrey to their towns. Tourism Australia and Tourism Queensland have both been swamped with offers to host Oprah and her 300-member audience of Americans, with local mayors offering everything from the keys to the Gold Coast to [...]
Oprah Winfrey has another shock in store for the 300 fans she surprised earlier this week with tickets for an all-inclusive trip to Australia – she’s not paying for the vacation. The Queen of Talk’s offer to take her staff and 300 audience members Down Under will cost Tourism Australia about $2.7 million, Sydney’s The [...]
The index measuring purchases excluding automobiles climbed 6% from a year earlier, after gaining a revised 4.8% in June, the Statistics Department said today. Including vehicles, which are sold subject to government caps, total retail sales fell 1.2%, less than the median forecast for a 2.7% decline in a Bloomberg News survey of seven economists.
Shares of casino operator Genting Singapore rose as much as 6.2% in early trade on Monday on the firm’s strong quarterly earnings and investor bullishness about the tourism sector.
Nearly 109 million shares had changed hands and the stock was trading at $1.55 by 10:20 a.m.
“It follows through from the result. The Singapore casino market may be larger than expected, and it might actually catch up with Las Vegas in a few years,” said a trader at a local brokerage.
Hometown gal Courteney Cox-Arquette is throwing her support behind the oil-soaked stretches of beach along America’s Gulf Coast. In a bid to boost lagging tourism in the region, the Birmingham, Alabama-born actress has signed on to lend her famous face to an ad touting the state beaches hardest hit by oil from the BP debacle [...]
Morgan Stanley says recently released May tourist arrival data for Singapore, Thailand “further corroborate a diverging sort of trend that is becoming evident in the tourism sector in these two Asean countries”, according to Dow Jones.
Morgan Stanley notes May arrivals for Singapore rose robust 30.3% on year (vs +20.5% on year in April) — second-highest growth rate in Asia ex-Japan — Thailand arrivals fell 13% on year (vs April’s +2% on year), sharpest decline in AXJ.
Europe’s debt crisis unlikely to derail recovery in Singapore’s tourism industry as visitors from continent account for under 15% of total visitor-arrivals to country, says UBS according to Dow Jones.
Singapore REITs entering period of “differentiation”, with those that can grow organically without acquisitions expected to generate greater interest among investors, says DMG, according to Dow Jones.
Genting Singapore (G13.SG) +2.2% at $0.95 on broad market rise, although still unable to head back to $1.00, where it hasn’t tested since company reported huge 1Q10 loss 2 weeks ago due to impairment charge attributed to weak UK operations, according to Dow Jones.
St Lucia tourism chiefs are trying to cash in on Amy Winehouse’s drunken antics last year.
They are trying to lure the singer back with free booze.
“She’s always welcome back to St Lucia,†the Daily Star quoted Allen Chastanet, minister for tourism, as saying.
“I wish that she could have done a better performance last year but [...]
Singapore is set to boost visitor numbers by as much as 30% this year, as the integrated resorts attract tourists, she said. The Tourism Board expects to attract as many as 12.5 million visitors this year. Tourism receipts may rise as much as 50%, boosted by spending by Indonesian and Russian visitors, Aw said.
Greece and Turkey have signed more than 20 bilateral agreements on issues ranging from tourism, energy and immigration. The Turkish Prime Minister visited Athens yesterday, taking with him 10 cabinet ministers and some 80 businessmen. He made Turkey’s intentions clear, saying:
Singapore-listed tourism-related stocks mixed as investors avoid companies with exposure to Thailand, zoom in on laggards, according to Dow Jones.
Banyan Tree (B58.SG), which returned to profitability in 4Q09 on tourism rebound after losses in 2Q09-3Q09, down 2.7% at $0.73.
The number of visitors to Singapore fell by 4.3% last year to 9.7 million, driving the revenue from the sector down 19.2% to $12.4 billion, the country’s tourism promotion agency said today.
Singapore Tourism Board CEO Aw Kah Peng told a news conference the agency would disclose its forecast for tourist arrival and revenues for 2010 next month.
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Wondering what holidaying in Kerala would be like? Just drop in at Nizamuddin station Sunday for a view of a stunning montage of backwaters, beaches and the wildlife. Chances are you would come out only to pack up for a trip to God’s own country!
In one of its biggest campaigns “Chalo Kerala”, the state tourism [...]
The world’s rich and powerful have long chosen London to defend their interests in court, but pressure is mounting for overhaul of the English laws that saw it named “libel capital of the world”. Lawyers, freedom of speech campaigners and even members of the government are questioning whether
