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Singapore room rates hit six-year high
Friday, 26 Jul, 2022
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Hotel room rates in Singapore last month shot up to their highest in nearly six years.
It marks a fast recovery in the Lion City after Covid measures were eased.
Average daily rate in June was US$171, which the highest since summer 2016 the Singapore Tourism Board said.
It marks a 63% jump from a year ago, when Covid quarantine restrictions were still in operation.
STB data showed arrivals into Singapore surged nearly twelve-fold in the first six months of 2022 compared to a year ago.
Conferences and events business has also rebounded strongly.
Singapore is to aiming for between 4-6 million visitors this year.
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