S’pore hotel room rates records highest increase worldwide

Singapore recorded the highest percentage jump worldwide for hotel room prices last year – a 29 per cent increase over 2009 – according to a local study by hotels.com.

This was based on bookings through its Singapore site, and does not take into account the bookings made overseas.

Singaporeans paid an average of S$244 for a hotel room night last year.

Johan Svanstrom, vice president and managing director for Hotels.com Asia Pacific said: “It is no surprise that hotel [room] prices in Singapore are high, but the year-on-year increase of 29 per cent in prices paid last year in Singapore is staggering.”

He added: “Clearly, the hike is fuelled by very robust travel demand and growth. In addition, high-end accommodation in Singapore such as the Integrated Resorts continues to increase in popularity among leisure and corporate travellers alike.”

However hotel prices in some neighbouring cities have dropped.

Hotels in Tokyo, and Hanoi for example, registered a 10 per cent to 22 per cent decrease.

When comparing cities within Asia, Singapore was the most expensive city in Asia for hotel rooms in 2010, ahead of Sydney (S$220) and Tokyo (S$199).

On a worldwide basis, Singapore ranked fourth.

The top three countries were Switzerland (S$258), France (S$256) and United Kingdom (S$253).

Source : Channel NewsAsia – 21 Mar 2011

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