Singapore/London, 21 December 2020 – The Bailey’s Hotel London, a luxury Victorian-style hotel operated and owned by Millennium Hotels and Resorts (MHR), has been named among London’s top 20 cool and unusual hotels by Global Grasshopper, an award-winning travel blog and resource for independent travellers.
Global Grasshopper praised the “immaculately presented” The Bailey’s Hotel – restored from a 19th century townhouse – for its “quintessentially English, old-world charm”, replete with a sweeping staircase, intricate stonework and stained-glass windows.Read Full Article
City Developments Limited (CDL)’s wholly-owned hotel subsidiary, Millennium & Copthorne Hotels Limited (M&C) has entered into a Sale and Purchase Agreement to divest the Copthorne Orchid Hotel & Resort Penang in Malaysia for RM 75 million (approximately S$25 million). The divestment is in line with the Group’s strategy to extract value from its non-core hotel assets, streamline its portfolio and recycle capital following the onset of the COVID-19 pandemic.Read Full Article
Millennium & Copthorne Hotels Limited (M&C) said today that its hotels in key gateway cities of Singapore and London have reported spikes in staycation bookings and restaurant outlets, with strong domestic demand ahead of the Christmas and New Year festive season leading up to Chinese New Year in February 2021.
Singapore hotels under M&C – a subsidiary of Singapore Exchange-listed City Developments Limited (CDL) – recorded bookings of 31,480 room nights in the August to November 2020 period, up nearly seven-fold from 4,698 in the preceding four months. M&C owns or operates over 2,000 hotel rooms in Singapore, including Orchard Hotel Singapore, Grand Copthorne Waterfront Hotel, Copthorne King’s Hotel, M Social Singapore, M Hotel and Studio M.Read Full Article
Singaporeans who are looking to use their SingapoRediscovers Vouchers on staycations will now find it easier to redeem them. Addressing the troublesome multiple-platform issue for voucher redemption, Millennium Hotels and Resorts (MHR) has integrated the vouchers into their website. MHR is amongst the first hospitality groups to partner GlobalTix for this initiative.
“We wanted an easy way for Singaporeans to use their vouchers at our hotels. The first thing was to simplify the process by incorporating the vouchers into our website,” said Mr Lee Richards, Vice President Operations, South East Asia, MHR. “By doing so, we removed the additional layer of going to different websites to complete the redemption process.”Read Full Article
My Millennium, the global guest loyalty programme of Millennium Hotels and Resorts (MHR), recently trumped shortlisted contenders from across South Asia, Southeast Asia and ANZ regions to win Gold for Best Loyalty Programme – Travel/Hospitality and Bronze in Best Regional Loyalty Campaign at the Loyalty & Engagement Awards (LEA) 2020 on 25 November. Ranked amongst industry-leading finalists and judged by an independent panel of marketing and loyalty experts, MHR was rewarded for its outstanding loyalty programme in the Travel/Hospitality category and within the region.
This is the second consecutive year that MHR has placed amongst the top of class at the LEA. In 2019, MHR was awarded two Silver awards for Best Loyalty Programme (Launch/Relaunch) and Best Loyalty Programme – Travel/Hospitality.Read Full Article
Otter sightings in Singapore have become commonplace and these adorable otter families are now weaving their way beyond parks and forests to explore upscale shopping belt Orchard Road.
Taking inspiration from Singaporeans’ fascination with the much-loved otter families, Millennium Hotels and Resorts (MHR) will be launching an Otter Family Christmas Adventure in the newly decorated family-themed rooms at Orchard Hotel.
Experience MHR’s brand-new Otter Family Adventure staycation package and kids will be delighted to receive a Christmas Otter upon arrival. For every package purchased this Christmas, $20 will go to The Straits Times School Pocket Money Fund (STSPMF), a charity devoted to helping needy kids and youth. For packages purchased after Christmas, $10 will go to the yearlong charity programme.Read Full Article
Sincere Property Group (Sincere 协信远创), one of China’s top 100 developers, announced today strong sales and higher average selling prices (ASPs) for the Phase 3 launch of its prestigious residential project in Chengdu, Sichuan Province, reflecting improving homebuyer sentiment as the country continues to recover from the COVID-19 pandemic.
First-day Phase 3 sales of TianFengHe Mansion (协信天奉合府) on 10 November 2020 reached RMB 150 million. Of the 762 total units of the project, 540 units have been launched, of which 430 units or close to 80% were sold leading up to 25 November 2020.Read Full Article
A year after delisting from the London Stock Exchange, Millennium & Copthorne Hotels Limited (M&C), a global hospitality leader, disclosed today major initiatives that will prepare it for a recovery by as early as 2021 from the recent challenges caused by the COVID-19 pandemic.
The privatisation granted M&C greater agility and cushioned impact of the pandemic. Lessons learned and operational changes in recent months have helped to lay a much stronger foundation. Properties across the globe have started to show ‘green shoots’ of improvements in occupancy and Gross Operating Profit (GOP) from the second half of 2020 which are expected to gain momentum in 2021.Read Full Article
The Hong Leong Group, one of Singapore’s most established business groups and parent of SGX-listed City Developments Limited (CDL), was named today as winner of the Family Business Award of Excellence at the highly-prestigious EY Entrepreneur Of The Year™ 2020 Singapore awards.
The award conferred by K Shanmugam, Minister for Home Affairs and
Minister for Law, at a virtual ceremony, recognises Hong Leong Group for its
ability to harmonise business and family matters, enabling the execution of business
and living out family values.
Millennium Hotels and Resorts (MHR) in Singapore has embarked on a work force rationalisation and right-sizing plan following a rigorous review of its Singapore Corporate Office and hotel operations. This is a difficult but inevitable move considering the business recovery outlook on the hospitality industry caused by the COVID-19 pandemic.
The global pandemic and economic fallout have hit the hotels hard. As at 30 June 2020, nearly one third of MHR’s over 145 hotels globally were temporarily closed and those that remained open were operating at much lower occupancies than before. This severely impacted MHR’s operations and performance.Read Full Article
To honour the valiant efforts of Singapore’s healthcare workers, Millennium Hotels and Resorts (MHR) has launched a special treat to thank them for working hard in keeping everyone safe. Offering half price accommodation and 25% discount off food and beverage, those in the healthcare profession can take some time out to relax at MHR’s Singapore hotels.
“Our healthcare workers have been fighting the COVID-19 pandemic for the past few months. We understand their fight is a long and tough one, and we have been searching for a tangible way to thank these healthcare warriors. When we were presented with the ‘Lions for Healthcare’ community project, we knew it was the perfect platform for our hotels to reach out and show their gratitude,” said Group Chief Operating Officer, Mr Kieran Twomey.Read Full Article
Hong Leong Finance (HLF) has once again secured its position on the prestigious The Banker’s Top 1000 World Banks Ranking 2020, rising by 27 spots from last year to its current 640th placing in the 2020 ranking. This is the third consecutive year that HLF is listed in the global ranking.
Singapore’s largest finance company attributed its higher ranking to the growth of 7.8% to US$1.33 billion in Tier 1 capital as at 31 Dec 2019, a measurement tool used by The Banker to map a financial institution’s financial strength. The Banker is an economic and financial report by one of the world’s leading global business publications, The Financial Times.Read Full Article
Hong Leong Finance (HLF) today launched its Business Loans Campaign with the aim of reaching out to more SMEs, empower them with targeted solutions to manage cash flow, and mitigate the overall impact from the coronavirus crisis.
SMEs with affected cash flow can apply for affordable Enhanced Enterprise Singapore Financing Scheme (EFS) – SME Working Capital Loan (WCL) and the Temporary Bridging Loan Programme (TBLP). These collateral-free loans are supported by the Monetary Authority of Singapore’s (MAS) SGD Facility. Customers can also enjoy a waiver of processing fees during this period.Read Full Article
In this pandemic and global fight against Covid-19, Millennium Hotels and Resorts (MHR) has stepped up precautionary measures to ensure that every hotel is a welcoming sanctuary for guests. The “We Clean. We Care. We Welcome.” campaign has been rolled out to more than 145 hotels across 80 locations under the MHR portfolio.
Complementing mandatory preventive measures by government authorities and hygiene accreditations, the “We Clean. We Care. We Welcome.” campaign establishes exhaustive measures that focuses on all touchpoints of any interaction to ensure that every stay with an MHR hotel is safe, clean and comfortable and that the well-being of employees are safeguarded.Read Full Article
Hong Leong Finance (HLF) has seen a surge in COVID-19 approved loan relief applications, reporting that it has approved applications from 500 customers, comprising 300 from local businesses and 200 from retail customers.
HLF expects to see a further increase following the latest announcement by the Monetary Authority of Singapore to ease cash flow concerns of individuals, which includes vehicle and commercial property loans. As a committed financier, HLF is supportive of the second relief package for individuals.Read Full Article