PK Hotels & Resorts

Singapore’s hotel sector is experiencing steady growth driven by tourism, lifestyle brands, and evolving accommodation trends, though recovery is hampered by low visitor numbers from China.

BMO downgraded PK Hotels & Resorts to Market Perform from Outperform. Saudi Arabia’s Public Investment Fund and Cain International have invested $900 million in Aman Group to help accelerate the global expansion of the company. Following its new partnership with Fiverr, Selina plans to coax freelancers into its properties and co-working spaces .