S’pore hotels enjoy over 80% occupancy rate despite strong Singdollar, higher room prices

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The average hotel room price is $315.80 compared with $235.40 in 2019.

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SINGAPORE – Even as tourist arrivals to Singapore are picking up, the hospitality sector faces headwinds, such as rising land costs and strong Singapore dollar.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHong KongJapan

Topics: 99/month Singapore Hospitality Stories Space Unlimited Land Limited Subscriber-only Costs Access

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 14:15:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 168 words

Reading Time: 1 minutes read

Sentences: 12 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23756675

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 18 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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