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Hotels in Sentosa renovate, restructure to reap benefits from IR openingHotels in Sentosa renovate, restructure to reap benefits from IR opening

Posted on 13 Mar 2010 | Comments Off

Hotels in Sentosa are riding on the latest wave to hit the island – the opening of Resorts World Sentosa (RWS).

Some have even closed down for renovations to ride on the expected increase in visitors.

Rasa Sentosa Resort has been on the island for 17 years, and had been renovated only once. It is time for a major makeover to prepare for the increased business that is likely to be generated from the buzz of the integrated resort.

After RWS opened, Rasa Sentosa saw occupancy rates rise by 10 per cent. The hotelier feels it is worth spending almost 10 months on renovations.

Ben Bousnina, general manager, Rasa Sentosa Resort said: “I think it is a good time to close now. I don’t think we are really missing the boat. Business, I think, will be flowing.

“The integrated resort is not seen as competition. I think it is an added value to the island and to Singapore.”

Another hotel company is also cashing in on the excitement from the integrated resort. Millennium & Copthorne International will open its sixth local branch on Sentosa this year.

Ng Chee Theam, regional CEO, Millennium & Copthorne International said: “Overall the casino has increased the occupancy percentage of hotels in Singapore – average rate has increased. And also, we saw an increase in length of stay for all the guests in Singapore.”

The group is working with Universal Studios to offer holiday packages for families.

Source : Channel NewsAsia – 13 Mar 2010

Comments Off on Hotels in Sentosa renovate, restructure to reap benefits from IR openingHotels in Sentosa renovate, restructure to reap benefits from IR opening

Posted in General, Sentosa Property

Tagged Millennium & Copthorne, Rasa Sentosa Resort, Singapore Hotels

M&C says its revenue slide easing

Posted on 6 Nov 2009 | Comments Off

But it warns that trading could take more than two years to recover

Hotelier Millennium & Copthorne said the worst of the recession may be over as its rate of revenue decline slowed but warned that it could take more than two years for trading to recover to the levels seen in 2007.

M&C, which operates 120 hotels across the world, said yesterday that revenue per available room (RevPAR), a key industry measure, dropped by 17.7 per cent in the third quarter compared with a fall of 21.3 per cent in the second quarter.

That trend continued into October, with RevPAR down by 12.8 per cent last year, M&C said. London saw growth of 0.6 per cent during the month, with New York RevPAR falling 17.9 per cent and Singapore down 26.5 per cent.

‘I believe that the industry is moving in the right direction. The rate of decline of our global RevPAR has slowed quarter-on-quarter and this trend has continued into October,’ said chairman Kwek Leng Beng.

‘While it is too early to predict with accuracy how markets will behave in 2010, we are encouraged by these improving trends which suggest that the worst may be behind us,’ he added. Continue reading →