Millennium Hotels and Resorts Crowned Singapore's Most Valuable Hotel Brand for the Second Consecutive Year

SINGAPORE, Aug. 8, 2025 /PRNewswire/ -- Millennium Hotels and Resorts (MHR) has once again been named Singapore's most valuable hotel brand in the Brand Finance Hotels 50 2025 global ranking. Valued at USD 421 million, MHR climbed three positions to rank 31st globally, reaffirming its leadership in the international hospitality landscape and its continued commercial momentum.

This marks the second consecutive year that MHR has been featured in the global top 50, having ranked 34th in the 2024 edition, further cementing its standing as Singapore's leading hospitality brand on the world stage.

Together with sister brand Copthorne, which recorded a brand value of USD 223 million, the combined brand value of Millennium and Copthorne now stands at USD 644 million, underscoring the strength of the group's overall portfolio and strategic brand focus.

This accolade reflects MHR's strategic transformation over the past year - a transformation led by innovation, digital enablement, and guest-centric growth. From the rollout of AI-powered assistants AVA and Ask Millie to full GSTC certification across all Singapore hotels, and a revitalised MyMillennium loyalty programme, the brand continues to lead with relevance in today's competitive travel landscape. The brand also recently launched M Social Resort Penang in July, with M Social Hotel New York Downtown set to open this October and M Social Hotel Sunnyvale, Florida slated for launch in Q1 2026 expanding its lifestyle offering in key gateway markets.

Kwek Leng Beng, Executive Chairman of City Developments Limited said:
"Developing a strong and reputable brand is my priority. While growing the number of hotels is important, it's the strength of the brand that drives sustainable growth and differentiates us in a competitive market. My personal vision is to expand our group's portfolio globally with hundreds of Singapore flags flying in key cities around the world."

Alex Haigh, Managing Director Asia Pacific, Brand Finance, commented:
"Millennium Hotels and Resorts' position as one of only two Southeast Asian brands in the global top 50 hotels ranking speaks volumes about its strength in the region. Its focus on smart innovation, sustainability, and guest-centric experiences has not only made it Singapore's most valuable hotel brand, but also a standout force in the regional hospitality landscape."

"Being named Singapore's most valuable hotel brand is a proud moment for us, and a powerful validation of the work our teams have done across the board," said Kwek Eik Sheng, Executive Director, Millennium Hotels and Resorts. "This recognition reflects the value of our people, affirms our brand strength and supports our long-term vision to build a future-ready hospitality brand that is globally competitive and locally respected."

Saurabh Prakash, Interim Chief Operating Officer and Chief Commercial Officer, Millennium Hotels and Resorts, added:
"This achievement is the result of deliberate and focused strategy one that is deeply aligned with our Chairman Mr Kwek Leng Beng's Blue Ocean vision. On the back of MyMillennium being named a winner at the Travel + Leisure Loyalty Awards, this latest recognition further affirms the strength of our brand and loyalty proposition. We are shaping a bold new chapter for Millennium Hotels and Resorts, investing in differentiated experiences across rooms, dining, and loyalty. Our goal is to break category conventions and elevate the brand across all our markets."

With a presence in over 80 destinations and a growing portfolio of more than 145 hotels, MHR remains firmly on track to support the group's long-term ambition of scaling to 500 hotels globally through strategic partnerships, market-driven growth, and brand-led innovation.

Millennium Hotels and Resorts (MHR)  

Millennium Hotels and Resorts (MHR) is a dynamic, global hospitality group with properties spanning four continents and 80 destinations. With a reputation for excellence, MHR owns, manages, and operates over 145 properties worldwide including in New York, Los Angeles, London, Paris, Dubai, Abu Dhabi, Auckland, Beijing, and Singapore. Its diverse portfolio spans brands including The Biltmore, Grand Millennium, Millennium, M Social, Studio M, M Hotel, Copthorne, and Kingsgate—offering the perfect address for business and leisure travellers who are looking for hospitality experiences that go above and beyond. MHR is a Hong Leong Group subsidiary of Singapore-listed global real estate company City Developments Limited. For more information, visit www.millenniumhotels.com.  

MyMillennium 
Explore the world and be rewarded with MyMillennium, the global loyalty programme from Millennium Hotels and Resorts. With over 4 million members, MyMillennium allows you to earn and redeem points at over 145 participating hotels across Asia-Pacific, the UK, USA, and the Middle East. Members can earn MyPoints on their stays and dining, and redeem them for rewards like complimentary nights, room upgrades, dining discounts, and more. The programme consists of three membership tiers—Classic, Silver, and Prestige—each offering exclusive perks as members progress. In addition, MyMillennium BIZ offers corporate bookers tailored rewards on their business travels and events, making MyMillennium a versatile and rewarding loyalty programme for both leisure and business travellers.  

Sign up at www.millenniumhotels.com/en/programmes/my-millennium/.  

 

SINGAPORE, Aug. 8, 2025 /PRNewswire/ -- Millennium Hotels and Resorts (MHR) has once again been named Singapore's most valuable hotel brand in the Brand Finance Hotels 50 2025 global ranking. Valued at USD 421 million, MHR climbed three positions to rank 31st globally, reaffirming its leadership in the international hospitality landscape and its continued commercial momentum.

This marks the second consecutive year that MHR has been featured in the global top 50, having ranked 34th in the 2024 edition, further cementing its standing as Singapore's leading hospitality brand on the world stage.

Together with sister brand Copthorne, which recorded a brand value of USD 223 million, the combined brand value of Millennium and Copthorne now stands at USD 644 million, underscoring the strength of the group's overall portfolio and strategic brand focus.

This accolade reflects MHR's strategic transformation over the past year - a transformation led by innovation, digital enablement, and guest-centric growth. From the rollout of AI-powered assistants AVA and Ask Millie to full GSTC certification across all Singapore hotels, and a revitalised MyMillennium loyalty programme, the brand continues to lead with relevance in today's competitive travel landscape. The brand also recently launched M Social Resort Penang in July, with M Social Hotel New York Downtown set to open this October and M Social Hotel Sunnyvale, Florida slated for launch in Q1 2026 expanding its lifestyle offering in key gateway markets.

Kwek Leng Beng, Executive Chairman of City Developments Limited said:
"Developing a strong and reputable brand is my priority. While growing the number of hotels is important, it's the strength of the brand that drives sustainable growth and differentiates us in a competitive market. My personal vision is to expand our group's portfolio globally with hundreds of Singapore flags flying in key cities around the world."

Alex Haigh, Managing Director Asia Pacific, Brand Finance, commented:
"Millennium Hotels and Resorts' position as one of only two Southeast Asian brands in the global top 50 hotels ranking speaks volumes about its strength in the region. Its focus on smart innovation, sustainability, and guest-centric experiences has not only made it Singapore's most valuable hotel brand, but also a standout force in the regional hospitality landscape."

"Being named Singapore's most valuable hotel brand is a proud moment for us, and a powerful validation of the work our teams have done across the board," said Kwek Eik Sheng, Executive Director, Millennium Hotels and Resorts. "This recognition reflects the value of our people, affirms our brand strength and supports our long-term vision to build a future-ready hospitality brand that is globally competitive and locally respected."

Saurabh Prakash, Interim Chief Operating Officer and Chief Commercial Officer, Millennium Hotels and Resorts, added:
"This achievement is the result of deliberate and focused strategy one that is deeply aligned with our Chairman Mr Kwek Leng Beng's Blue Ocean vision. On the back of MyMillennium being named a winner at the Travel + Leisure Loyalty Awards, this latest recognition further affirms the strength of our brand and loyalty proposition. We are shaping a bold new chapter for Millennium Hotels and Resorts, investing in differentiated experiences across rooms, dining, and loyalty. Our goal is to break category conventions and elevate the brand across all our markets."

With a presence in over 80 destinations and a growing portfolio of more than 145 hotels, MHR remains firmly on track to support the group's long-term ambition of scaling to 500 hotels globally through strategic partnerships, market-driven growth, and brand-led innovation.

Millennium Hotels and Resorts (MHR)  

Millennium Hotels and Resorts (MHR) is a dynamic, global hospitality group with properties spanning four continents and 80 destinations. With a reputation for excellence, MHR owns, manages, and operates over 145 properties worldwide including in New York, Los Angeles, London, Paris, Dubai, Abu Dhabi, Auckland, Beijing, and Singapore. Its diverse portfolio spans brands including The Biltmore, Grand Millennium, Millennium, M Social, Studio M, M Hotel, Copthorne, and Kingsgate—offering the perfect address for business and leisure travellers who are looking for hospitality experiences that go above and beyond. MHR is a Hong Leong Group subsidiary of Singapore-listed global real estate company City Developments Limited. For more information, visit www.millenniumhotels.com.  

MyMillennium 
Explore the world and be rewarded with MyMillennium, the global loyalty programme from Millennium Hotels and Resorts. With over 4 million members, MyMillennium allows you to earn and redeem points at over 145 participating hotels across Asia-Pacific, the UK, USA, and the Middle East. Members can earn MyPoints on their stays and dining, and redeem them for rewards like complimentary nights, room upgrades, dining discounts, and more. The programme consists of three membership tiers—Classic, Silver, and Prestige—each offering exclusive perks as members progress. In addition, MyMillennium BIZ offers corporate bookers tailored rewards on their business travels and events, making MyMillennium a versatile and rewarding loyalty programme for both leisure and business travellers.  

Sign up at www.millenniumhotels.com/en/programmes/my-millennium/.  

 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Millennium Hotels and Resorts Crowned Singapore's Most Valuable Hotel Brand for the Second Consecutive Year

Key points

• 250+ corporate and financial institution leaders convene in Singapore as APAC payments market reaches ~US$18 trillion¹
• Bank of America held its annual Treasury Leaders Summit (TLS) and Financial Institutions (FI) Forum events in Singapore to discuss the role of AI-led platforms for treasury, trade and payments
• Now in their 15th year, the events continue to convene clients and market participants to address key industry issues

SINGAPORE, June 10, 2026 /PRNewswire/ -- Increasingly complex operating environment for trade and capital flows, elevated FX volatility and evolving liquidity risks are accelerating demand for AI-driven treasury, trade and currency solutions among Asia Pacific companies as they look to enhance resilience and performance.

This was a key takeaway from Bank of America's annual flagship client events held in Singapore – TLS (May 20) and FI Forum (May 21), which brought together more than 250 senior treasury and financial institution leaders from top global corporates, banks, asset managers and insurers.

Bank of America, the second largest bank in the world by market capitalization, has been hosting the TLS and FI Forum events for over 15 years, bringing together clients, market participants and policy makers to address the most pressing trends shaping payments, liquidity and transaction banking.

With more than US$13 billion in annual technology spend, Bank of America remains at the forefront of innovation, delivering world class solutions such as CashPro® and Intelligent Receivables®. These platforms help clients achieve real-time cash visibility, streamline payments and liquidity management, and enhance reconciliation capabilities at scale.

Hosted by Winnie Chen, Head of Global Payments Solutions (GPS), Asia Pacific at Bank of America, alongside senior global and regional leaders, the TLS and FI Forum underscored the US lender's role as a trusted strategic partner, convening clients to exchange insights, accelerate innovation and drive tangible outcomes.

"In an environment defined by persistent volatility and structural shifts, clients are seeking insights that go beyond theory," said Winnie Chen. "There is a clear pivot toward data and AI-driven capabilities that can help clients strengthen resilience, sharpen decision-making and deliver measurable results."

The events were held at a time when the Asia Pacific payments market has reached an estimated US$18 trillion in transaction value, highlighting a significant opportunity to optimize treasury, payments and risk management strategies in an increasingly complex environment.

"Bank of America's global platform, combined with our AI-enabled capabilities, positions us strongly to deliver seamless solutions that help clients navigate complexity and unlock growth," Chen added.

Frequently asked questions

Question: Who organizes the TLS and FI Forum events?

Answer: Bank of America's Global Payments Solutions (GPS) team organizes the Treasury Leadership Summit (TLS) and Financial Institutions (FI) Forum across Asia Pacific, with Singapore hosting its flagship editions. The bank has convened these events for over 15 years, reinforcing its long-standing commitment to client engagement and industry leadership.

Question: What is the objective of these events?

Answer: The forums are designed to bring together senior leaders from corporates and financial institutions to exchange perspectives on navigating market complexity. They provide a platform for peer-level dialogue focused on strengthening resilience, advancing innovation and delivering tangible outcomes amid evolving macroeconomic conditions, technological transformation and shifting client expectations.

Question: What differentiates Bank of America's Global Payments Solutions from its peers?

Answer: Bank of America's Global Payments Solutions business differentiates itself through the combination of its global network, deep industry expertise and sustained investment in technology innovation. With more than US$13 billion in annual technology spend, the bank delivers AI-enabled platforms such as CashPro® and Intelligent Receivables that provide clients with real-time insights, integrated liquidity management and scalable solutions. This positions Bank of America to help clients navigate complexity, enhance efficiency and drive growth across markets.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact

Kaustubh Kulkarni, Bank of America
Phone: +65 6678.1677
kaustubh.kulkarni@bofa.com

¹ Mordor Intelligence data

Key points

• 250+ corporate and financial institution leaders convene in Singapore as APAC payments market reaches ~US$18 trillion¹
• Bank of America held its annual Treasury Leaders Summit (TLS) and Financial Institutions (FI) Forum events in Singapore to discuss the role of AI-led platforms for treasury, trade and payments
• Now in their 15th year, the events continue to convene clients and market participants to address key industry issues

SINGAPORE, June 10, 2026 /PRNewswire/ -- Increasingly complex operating environment for trade and capital flows, elevated FX volatility and evolving liquidity risks are accelerating demand for AI-driven treasury, trade and currency solutions among Asia Pacific companies as they look to enhance resilience and performance.

This was a key takeaway from Bank of America's annual flagship client events held in Singapore – TLS (May 20) and FI Forum (May 21), which brought together more than 250 senior treasury and financial institution leaders from top global corporates, banks, asset managers and insurers.

Bank of America, the second largest bank in the world by market capitalization, has been hosting the TLS and FI Forum events for over 15 years, bringing together clients, market participants and policy makers to address the most pressing trends shaping payments, liquidity and transaction banking.

With more than US$13 billion in annual technology spend, Bank of America remains at the forefront of innovation, delivering world class solutions such as CashPro® and Intelligent Receivables®. These platforms help clients achieve real-time cash visibility, streamline payments and liquidity management, and enhance reconciliation capabilities at scale.

Hosted by Winnie Chen, Head of Global Payments Solutions (GPS), Asia Pacific at Bank of America, alongside senior global and regional leaders, the TLS and FI Forum underscored the US lender's role as a trusted strategic partner, convening clients to exchange insights, accelerate innovation and drive tangible outcomes.

"In an environment defined by persistent volatility and structural shifts, clients are seeking insights that go beyond theory," said Winnie Chen. "There is a clear pivot toward data and AI-driven capabilities that can help clients strengthen resilience, sharpen decision-making and deliver measurable results."

The events were held at a time when the Asia Pacific payments market has reached an estimated US$18 trillion in transaction value, highlighting a significant opportunity to optimize treasury, payments and risk management strategies in an increasingly complex environment.

"Bank of America's global platform, combined with our AI-enabled capabilities, positions us strongly to deliver seamless solutions that help clients navigate complexity and unlock growth," Chen added.

Frequently asked questions

Question: Who organizes the TLS and FI Forum events?

Answer: Bank of America's Global Payments Solutions (GPS) team organizes the Treasury Leadership Summit (TLS) and Financial Institutions (FI) Forum across Asia Pacific, with Singapore hosting its flagship editions. The bank has convened these events for over 15 years, reinforcing its long-standing commitment to client engagement and industry leadership.

Question: What is the objective of these events?

Answer: The forums are designed to bring together senior leaders from corporates and financial institutions to exchange perspectives on navigating market complexity. They provide a platform for peer-level dialogue focused on strengthening resilience, advancing innovation and delivering tangible outcomes amid evolving macroeconomic conditions, technological transformation and shifting client expectations.

Question: What differentiates Bank of America's Global Payments Solutions from its peers?

Answer: Bank of America's Global Payments Solutions business differentiates itself through the combination of its global network, deep industry expertise and sustained investment in technology innovation. With more than US$13 billion in annual technology spend, the bank delivers AI-enabled platforms such as CashPro® and Intelligent Receivables that provide clients with real-time insights, integrated liquidity management and scalable solutions. This positions Bank of America to help clients navigate complexity, enhance efficiency and drive growth across markets.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact

Kaustubh Kulkarni, Bank of America
Phone: +65 6678.1677
kaustubh.kulkarni@bofa.com

¹ Mordor Intelligence data

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Bank of America Highlights Surging Demand for AI-Led Treasury, Fx Solutions in Asia Pacific