Coronavirus: Singapore hotel occupancy tumbles to under 50%

At Sentosa, rates have dipped below 30%; situation expected to worsen across Republic

Staff of Shangri-La's Rasa Sentosa Resort & Spa wearing masks on Jan 23.
Staff of Shangri-La's Rasa Sentosa Resort & Spa wearing masks on Jan 23.ST PHOTO: TIMOTHY DAVID

Singapore's hotel occupancy rate is in free fall, plummeting from nearly 100 per cent just before Chinese New Year to below the 50 per cent mark in the week of Feb 9.

It is expected to drop even further, said analysts and hotel operators. The impact of the coronavirus outbreak was most felt by hotels in Sentosa, which have seen rates dip below 30 per cent.

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A version of this article appeared in the print edition of The Straits Times on February 17, 2020, with the headline 'Singapore hotel occupancy tumbles to under 50%'. Print Edition | Subscribe