Singapore hotel rates, bookings surge in July; stronger H2 expected
Industry players cite upcoming F1, North Asia peak travel period and some diversion of MICE bookings from HK
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Singapore
SINGAPORE'S hotels appear to have garnered robust bookings for July and August, with expectations for a healthy performance in the second half of the year.
Market watchers pointed to the peak travel season as well as diversion of traffic from Hong Kong as likely factors, but also warned that economic headwinds could pose a downside risk for the hotel industry.
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