Hotels in 'shoulder season' as arrivals, occupancy stagnate in February

Singapore

THE hotel industry faces a stagnant half year as visitor arrivals will see a significant upward bump only from July on, watchers suggested.

Industry room revenue stood at S$58.63 million in February, lower by 13.9 per cent on January and by 69.3 per cent in the year before, the most recent data from the Singapore Tourism Board (STB) showed.