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Far East Hospitality sees room for variety as it grows

CEO of mid-tier hotel operator says crunch factors have led to industry with many small rooms, limited services

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Mr Kiong says removing Singapore's current seven-day minimum stay for serviced residences could add diversity with apartment-hotels as a new class of rooms, despite the new supply.

Singapore

MID-TIER hotel operator Far East Hospitality's chief executive Arthur Kiong acknowledges the rosy statistics for the hospitality industry: tourism arrivals were up to 17.4 million last year and hotel occupancy this year hovers around the mid-80s.

Pointing to Singapore

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