06 May '12, 11pm

Singapore Airshow in February help push hotel room rates to four-year high.

Singapore Airshow in February help push hotel room rates to four-year high.

Tourists paid an average room rate of $273.70 in February. It is the highest recorded in at least the past decade, barring September 2008's $302.90 rate, when the inaugural Singapore Grand Prix Formula One race was held. -- ST PHOTO: KEVIN LIM By Jessica Lim The six-day Singapore Airshow in February helped to push hotel room rates in Singapore to a four-year high. Tourists paid an average room rate of $273.70 that month, according to preliminary Singapore Tourism Board (STB) statistics obtained by The Straits Times. This is the highest since September 2008's $302.90. The inaugural Singapore Grand Prix Formula One race was held that month. Related Links On the rise Background story IN THE PIPELINE New hotels opening by 2014 - The Westin Singapore Marina Bay Operator: Starwood Hotels & Resorts Opening: July 1, 2014 Number of rooms: 301 - W Singapore Sentosa Cove Operator: Ci...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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