Singapore's hotel occupancy rates have climbed to their highest in over a d...
SINGAPORE - Singapore’s hotel occupancy rates have climbed to their highest in over a decade as travelers and business events switched from Hong Kong, where pro-democracy protests have slammed tourist numbers and wider business sentiment.
The data also showed the highest revenue per room in almost four years, a trend analysts and hoteliers said was helped by conferences switching from rival business hub Hong Kong as protests that started in mid-June turned increasingly violent. Marcus Hanna, general manager of Singapore hotels, Fairmont Singapore and Swissotel The Stamford, said he had a 60-strong business group last month switch from Hong Kong for a five-night stay.
He said the unrest would have weighed on tourists’ summer travel plans, while other factors included tightening hotel supply in Singapore during its peak season for North Asian visitors and a weaker Singapore dollar.
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