Sep
05
Tourist Influx Brings No Joy to Singapore Hotels Amid Room Glut
By-
Room revenue at six-year low as visitors take shorter breaks
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No relief in sight with 1,000 more rooms to open this year
An influx of tourists to Singapore this year has brought little joy to the city’s hoteliers, as a glut of rooms sends a key revenue measure to a six-year low.
Revenue per available room, a metric used by the hotel industry, slumped 7.4 percent in June to S$179.40 ($132) a night, the lowest since 2010, according to data from the Singapore Tourism Board. Even as tourist arrivals have risen each month this year, room rates have fallen because of shorter trips by visitors and a 5 percent increase in the number of hotel rooms…
Tourist Influx Brings No Joy to Singapore Hotels Amid Room Glut
