S'pore room rates down 9% last year:


HOTEL rates in Singapore fell 9 per cent last year on the back of geopolitical tensions and a series of aviation incidents, signifying more affordable holidays for travellers to the Republic.

This is according to the most recent Hotel Price Index (HPI), which measures hotel room rates based on bookings made on the online accommodation booking website. The HPI tracks the actual prices paid per hotel room rather than their advertised rates.

On the whole, hotel rates around the world...

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