Hospitality Industry In Singapore News

Recent industry report about Hospitality Industry In Singapore company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Hospitality Industry In Singapore industry experts.

Hospitality Industry In Singapore News

  • In December 2023, To bring the largest Mercure hotel in the world with 989 keys to Singapore, Accor, the largest international hospitality group in the Middle East, Africa, and Asia Pacific, has announced a historic agreement with Worldwide Hotels Group, the country's largest hotel operator by room count and Accor's longtime partner.
  • In May 2023, The worldwide rewards program KrisFlyer, run by Singapore Airlines Group and Sarovar Hotels & Resorts, announced their partnership to provide flyers and travelers with exclusive perks.
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  • March 2024: Perspire Sauna Studio, a leading sauna franchise in the United States, launched a redesigned sauna and improved member experience in collaboration with Clearlight, a top infrared sauna technology provider, enhancing their studio locations with exclusive designs and cutting-edge technology.
  • March 2023: Dynamic Saunas, a renowned brand synonymous with top-notch infrared saunas, not only broadened its product line but also made significant strides in its market presence. The brand's latest offerings boasted cutting-edge features and designs to elevate the sauna experience for its discerning clientele.
  • March 2024: Unite Students announced the launch of Burnet Point, a mixed-use development in Edinburgh. The project will include 298 student beds, 49 build-to-rent apartments, and 17 affordable units. Scheduled for completion in September 2024, it will be the company's most environmentally friendly building, utilizing sustainable materials and incorporating a community space in collaboration with local charities.
  • January 2023: International Campus acquired five student apartment blocks from Allianz Real Estate and CBRE Investment Management. This transaction was one of the largest for an International Campus in the German-speaking region. The properties are located in Berlin, Frankfurt, Hanover, and Vienna.
  • June 2024: Saudi Arabia unveiled the 'National Semiconductor Hub' as a strategic move to bolster localization. Following the launch of this ambitious initiative, the country aims to host approximately 50 semiconductor design firms by 2030.
  • July 2023: Event Lab Middle East, in partnership with MDLBEAST, launched its inaugural Event Essentials Workshops. The initiative aims to equip businesses in the MICE market with insights from the country's youth and professionals, fostering a sustainable future.
  • In January 2024, Compass Group PLC, a leading global food service company, acquired CH&CO, a premium contract and hospitality service provider in the UK and Ireland, for an initial enterprise value of GBP 475 Million (USD 600 Million).
  • In May 2023, Aramark, a global leader in food, facilities management, and uniforms, entered a new national brand agreement with Bean Sprouts, a hip and healthy national café chain with a unique and whimsical focus on children.
  • In February 2024, IHG and Yuvaan Developers Private Limited announced a management agreement for the Holiday Inn Guwahati in Northeast India. The recently constructed 150-key hotel represents a major step forward for IHG's expansion plan in secondary markets, in keeping with the nation's increasing demand for high-quality branded accommodation.
  • In February 2024, The Ritz-Carlton Dallas officially debuted as the newest property to join The Ritz-Carlton's global network of more than 110 hotels and resorts.
  • March 2023: Accor's Mercure Hotels brand is continuing its strong expansion in Romania with the signing of a site in the capital city of Bucharest. The 40-key hotel will operate in a fully refurbished building on Dimitrie Cantemir Boulevard, close to Unirii Square and the old city center. Amenities will include a restaurant, a bar, and a conference room, which is divided into two separate meeting rooms.
  • November 2022: JW Marriott Bucharest Grand Hotel upgraded to Contactless Mobile Access and Enhanced Guest Security With ASSA ABLOY Global Solutions. Luxury Romanian hotel destination leveraged future-proof door lock technology to seamlessly and affordably replace magtripe locks with the latest in RFID and digital key functionality.
  • December 2022: Hilton Announced Continued Expansion of Waldorf Astoria Hotels & Resorts in the Caribbean and Latin America by signing a new hotel in San Miguel de Allende, Mexico.
  • October 2022: Marriott International to acquire a city express brand to fuel growth in the affordable midscale segment.
  • August 2024: Globus announced the launch of over 50 Small Group Discovery tours, starting in 2025. Designed for intimate travel experiences, these tours will feature smaller groups, unique accommodations, and exclusive excursions across destinations like Europe, Asia, and North America.
  • June 2024: Globus announced nine new Independent tours for 2025, offering travelers flexible, self-guided journeys across Asia. From Bangkok to Bali and Abu Dhabi to Nepal, these tours include hand-picked hotels, optional excursions, and expert Local Hosts to ensure a seamless experience.
  • April 2024: Walt Disney World announced its largest expansion plan yet for the iconic Magic Kingdom Park. This move is a key part of the company's comprehensive 10-year investment strategy, which includes a significant 14-acre expansion dedicated solely to the Magic Kingdom Park. As the globe's premier theme park in terms of visitor numbers, the Magic Kingdom Park is positioned as a cornerstone in Disney's grand USD 60 billion investment blueprint, covering its theme parks, experiences, and cruise ships for the coming decade.
  • April 2024: Disney unveiled its latest spectacle, "Disney Dreams That Soar," a drone show set to grace the skies above Lake Buena Vista on the West Side of Disney Springs every night this summer.
  • December 2023: Shanghai Disney Resort opened a new Zootopia-themed attraction at its amusement park. The Zootopia-themed attraction is the eighth at Shanghai Disneyland and came five years after the launch of Toy Story Land.
  • March 2024: Perspire Sauna Studio, a leading sauna franchise in the United States, launched a redesigned sauna and improved member experience in collaboration with Clearlight, a top infrared sauna technology provider, enhancing their studio locations with exclusive designs and cutting-edge technology.
  • March 2023: Dynamic Saunas, a renowned brand synonymous with top-notch infrared saunas, not only broadened its product line but also made significant strides in its market presence. The brand's latest offerings boasted cutting-edge features and designs to elevate the sauna experience for its discerning clientele.

Hospitality Industry in Singapore Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)