Singapore News

News from Singapore

Record number of visitors to Singapore

Posted by jtsmyth8 on February 26, 2008

Singapore tourism set two records last month, one good, one worrying.

First, the good bit: 883,000 visitors arrived, an all-time high for January, and up almost 7 per cent from a year ago.

That kept up a string of record-setting months for arrivals stretching all the way back to 2006.

The other record? The average hotel room rate hit an all-time high of $237, and this has cast a pall over the otherwise sparkling outlook for the industry.

Industry players are concerned. If the rapid rate of increase in room rates continues, they say, Singapore risks pricing itself beyond the reach of budget travellers from countries like China and India, who form a large part of tourist arrivals.

Room rates broke through the psychological $200 ceiling seven months ago, hitting $210 last June. They went down a little in July, but have been on the up and up since then, fuelled by a shortage of rooms. (story)


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