Hotel occupancy rate in 2018 highest since 2012

Singapore's Marina Bay Sands seen in a photo taken on June 1, 2018.
Singapore's Marina Bay Sands seen in a photo taken on June 1, 2018.PHOTO: ST FILE

More tourist arrivals, slowdown in supply of new rooms lift figure

The phrase "no room at the inn" has never seemed more apt, with hotels in Singapore packed to the gills these days.

The market started to pick up speed in 2017 after four stagnant years but really hit high gear last year on the back of more tourist arrivals and a slowdown in new rooms coming on stream.

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A version of this article appeared in the print edition of The Straits Times on February 04, 2019, with the headline 'Hotel occupancy rate in 2018 highest since 2012'. Print Edition | Subscribe