More buzz for hotels and investment market

SINGAPORE’S international visitor arrivals slipped to 1.31 million in August from the 1.42 million recorded in July. Analysts attributed the fall in visitor arrivals to seasonality.

Still, August’s visitor arrivals are up nearly 80 per cent year-on-year. For the first eight months, visitor arrivals exceeded nine million, up over 200 per cent from a year ago.

I argue in The Level Ground that the near and medium-term outlook for Singapore’s hotel sector appears strong. Key positives include Singapore’s growing reputation as a premier destination for hosting major events and wealth creation in South-east Asia and India.