Singapore hotel room rates at highest in 6 years
Conferences and tourism are booming with arrivals up 12 times from a year ago
People take photos from a pier in front of the Marina Bay Sands hotel and resort complex in Singapore. (AFP photo)
SINGAPORE: Hotel room rates in Singapore jumped last month to their highest level in nearly six years, as tourism enjoys a dramatic recovery in the city-state after the government eased measures against coronaviruses.
The average daily rate in June was 238.32 Singapore dollars (171 US dollars or 6,290 baht), the highest since September 2016, according to data from the Singapore Tourism Board (STB). This represents a 63% increase on the previous year, when quarantine rules were still in place.
Singapore in April became one of the first major regional economies to announce it would end all testing for inbound vaccinated travelers as the government continues efforts to live with Covid-19.
A revival of major conferences and events has also drawn visitors, and STB data showed a nearly 12-fold increase in arrivals in the first half of 2022 compared to the same period a year ago.
Singapore expects to receive between 4 and 6 million visitors this year, although tourist flows will face headwinds for the rest of the year due to the volatility of the global political and economic environment, as well as of the evolving health situation, the STB said.