21 Mar '11, 10am

Singapore hotel room prices records highest percentage jump worldwide

SINGAPORE: Singapore recorded the highest percentage jump worldwide for hotel room prices last year - a 29 per cent increase over 2009 - according to a local study by hotels.com. This was based on bookings through its Singapore site, and does not take into account the bookings made overseas. Singaporeans paid an average of S$244 for a hotel room night last year. Johan Svanstrom, vice president and managing director for Hotels.com Asia Pacific said: "It is no surprise that hotel [room] prices in Singapore are high, but the year-on-year increase of 29 per cent in prices paid last year in Singapore is staggering." He added: "Clearly, the hike is fuelled by very robust travel demand and growth. In addition, high-end accommodation in Singapore such as the Integrated Resorts continues to increase in popularity among leisure and corporate travellers alike." However hotel prices i...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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