The Business Times
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Don't hold breath for fire sales by owners of Singapore hotels

    Published Wed, Jul 8, 2020 · 09:50 PM

    Singapore

    SINGAPORE'S hotel business continues to be pummelled by Covid-19 with buyers on the sidelines waiting to pounce if owners throw in the towel.

    Despite staycation offers, Singapore hotels are struggling, given their reliance on international travellers. Foreign visitors in May numbered 880; 1.49 million visitors was recorded in May 2019. In 2019, Singapore had 19.1 million visitors.

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    HotelsTourismColliersCBRE

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