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Singapore hotel room rates hit six-year high as tourism recovers

Bloomberg
Bloomberg • 1 min read
Singapore hotel room rates hit six-year high as tourism recovers
Singapore's Lau Pa Sat. Photo: Bloomberg
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Singapore’s hotel room rates surged last month to the highest in almost six years as tourism makes a recovery in the city-state after the government eased coronavirus measures.

The average rate in June was $238.32, the highest since September 2016, according to data from the Singapore Tourism Board. That represents a 63% increase from a year earlier, when quarantine rules were still in place.

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