Opening up a New World of hospitality

Sonia Cheng is CEO of New World Hospitality, a hotel-management company with a global portfolio of properties that includes pentahotels, a 'neighbourhood lifestyle' brand that offers a cool, tech-savvy, creative environment for independent travellers.

Saturday, 30 June, 2012, 12:00am

Hoteliers still see opportunities in Shanghai

A glut in Shanghai's hospitality market seems to have done little to dampen the enthusiasm of international hoteliers.

13 Oct 2011 - 12:00am

Japan's hotels need 2 years to rebound

Japan's hotels are not expected to fully recover from the collapse in revenues that followed the March earthquake and tsunami until the first quarter of 2013, according to a report by agency Jones Lang LaSalle Hotels.

The agency says the revenue per available room (revPAR) of Tokyo's full-service hotels were down 38 per cent in March compared with the same month last year.

18 May 2011 - 12:00am

Record room rates lift HK Hotels' earnings

Record-breaking room rates and yields at the Peninsula hotel in Kowloon helped drive up first-half profit before non-operating items of luxury-hotel owner Hongkong and Shanghai Hotels by 22 per cent to HK$484 million.

13 Sep 2007 - 12:00am

Shangri-La lifts first-half earnings 33pc to US$160m

Rising room rates for chain counter drop-off in occupancy

Shangri-La Asia, the largest luxury hotel chain in the region, reported a 33 per cent surge in first-half operating profit to US$160.17 million from US$120.45 million a year earlier as room-rate increases outpaced a slight decline in occupancy rates.

5 Sep 2007 - 12:00am