Hotel revenue stagnates in February as Singapore welcomes just 17,950 visitors

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.

Visitor arrivals fell to 17,950 in February - down by 22.5 per cent month on month and 97.6 per cent year on year - one year into Singapore's first major border disruptions from the Covid-19 pandemic.