SINGAPORE - Singapore's hotel room rates are expected to rise by 2 per cent in 2020, following 'significant' investments into the travel market, according to data from American Express Global Business Travel (GBT) on Friday (July 26).. Read more at straitstimes.com.
SINGAPORE - Singapore's hotel room rates are expected to rise by 2 per cent in 2020, following"significant" investments into the travel market, according to data from American Express Global Business Travel on Friday .
Sanghamitra Bose, GBT Singapore and Thailand general manager, said room rates are expected to"remain stable", with the predicted 2 per cent rise accounting for inflation. Other markets forecasted to see a 2 per cent rise in room rates include Bangkok, Ho Chi Minh City, Kuala Lumpur, Melbourne and Shanghai.
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Singapore hotel room rates to rise by 2% in 2020: reportSINGAPORE’S hotel room rates are expected to rise by 2 per cent in 2020, following “significant” investments into the travel market, according to data from American Express Global Business Travel (GBT) on Friday. Read more at The Business Times.
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