After much speculation in the market, AccorHotels has just announced the the signature of an agreement with Mantra Group Limited with the view to acquire all of the issued capital in Mantra by way of a scheme of arrangement to be approved by Mantra shareholders. Under the terms of the agreement AccorHotels would offer AUD3.96 in cash for each Mantra share including any potential special dividend.
Mantra is one of Australia’s largest hotel and resort marketers and operators with 127 properties and over 20,000 rooms in hotels, resorts and serviced apartments across Australia, New Zealand, Indonesia and Hawaii. Properties in Mantra’s portfolio range from luxury accommodations and coastal resorts to serviced apartments in city and key leisure destinations, under three key brands: Peppers (28 properties), Mantra (75 properties) and BreakFree (24 properties). Mantra also manages core accommodation services including guest relations and reception areas, restaurants and bars, conference and function centres, pool and entertainment facilities and offices. Mantra has more than 5,500 employees.
AccorHotels and Mantra’s combined geographic footprint, together with enhanced distribution and systems, would form a favorable base from which AccorHotels can expand further in the region. Mantra’s expertise in apartment management, in particular, will offer a new opportunity for growth.
As you may already know, Mastercard has partnered with the Land Transport Authority (LTA) and TransitLink to launch Mastercard contactless payments on buses and trains. Commuters are currently able to use their credit and debit card (with Mastercard contactless function) to make fare payments - you will not need to top-up your card since transactions will be processed, accumulated and charged to your relevant credit or debit card. From 06 June 2019, Visa cards will also be supported and in case you are wondering, mobile wallets (e.g. Apple Pay) are supported as well.
Boutique hotel brand, Lloyd's Inn, has just announced the official opening of its second property - Lloyd's Inn Bali is located on Jln. Arjuna in Seminyak (just a short 300m stroll to the famous Double Six Beach) and it builds on the success of Lloyd's Inn Singapore. The brand focuses on location (the Lloyd's Inn Bali is located near plenty of eateries and shopping spots) but offers a tranquil immersive experience at the same time.
The birthplace of William Shakespeare is a magnet to visitors from around the world - many of them make the pilgrimage to visit this historic market town and also the marvel at one of the most famous theatres in the world, the Royal Shakespeare Theatre. Today, IHG has announced the opening of the Hotel Indigo - Stratford upon Avon which is set to open in the heart of this historic market town.
The full-service lifestyle brand of Hyatt, Hyatt Centric, is making a debut in Malaysia with the planned opening of Hyatt Centric Kota Kinabalu. Slated to open in 2021, the brand new hotel will be situated in the heart of the city and offer convenient access to the commercial district, shopping malls, restaurants as well as other local attractions.
Planning to head down to the southeastern coast of South Korea in Ulsan Metropolitan City? The Mercure Ambassador Ulsan has recently opened and it is the first internationally-branded hotel to make its debut along Jeongja Beach. Located close to the industrial powerhouse of South Korea, the hotel is a short walking distance to major shopping areas and coastal beaches.
While the rest of Singapore is excited over the brand new KrisFlyer UOB Credit Card (which offers a stunning 3 KrisFlyer miles per dollar on dining and other categories), Grab has announced and introduced four new service tiles to the Grab app to cater to Southeast Asians’ everyday needs. You will notice that some of these tiles are already available on your app but some of the functionalities are only expected to roll out in coming months.
Singapore Airlines and UOB have just announced a brand new credit card which offers an attractive earn rate of 3 KrisFlyer miles per dollar on Singapore Airlines (including SilkAir and Scoot) expenses, online shopping, transport and most importantly, dining. The brand new KrisFlyer UOB Credit Card is now available for application online and you can do it very quickly (takes just a minute!) if you have internet banking set up with UOB.
The Shangri-La Hotel, Singapore will be unveiling the inaugural GastroFest on 05 May 2019 (Sunday) and it will run from 12:30PM to 5:00PM. This one-day only event will bring together an elaborate and thoughtfully-curated line-up of culinary delights and a host of exciting activities.
Earlier this morning, I wrote about the rumours that have been floating around the internet about Mileslife’s suspected shutdown in China - I have managed to get hold of the founder and CEO of Mileslife today and he has confirmed that the China business is not closed.
If you have been using Mileslife conscientiously, you may realise that certain functionality have stopped working as of yesterday (or even earlier!). There are rumours floating around the internet that the app has been shutdown and businesses in China are owed plenty of money (this has not been verified but that is what I am hearing from the grapevine).