Tourists coming back to Singapore, but hotels still suffering

Business News

Sep 28, 2009, 12:03 GMT

Singapore - Singapore in August posted the smallest decline in tourist arrivals so far in 2009, data released Monday by the Tourism Board showed, but the city-state's hotels continued to suffer from slumping revenues. Visitor arrivals to Singapore reached 844,000 in August, a decline of 0.7 per cent compared with the same month a year earlier. But hotel revenues were estimated at 125 million Singapore dollars (88 million US dollars), a drop of 24.8 per cent compared with August last year, the board said in a statement. The average room occupancy rate was at 79.5 per cent in August, a decrease of 0.9 percentage points compared with a year ago. Singapore's tourism industry saw business plummet in the first half of 2009 as travellers cut back on their spending because of the global economic crisis.

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