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VIRUS OUTBREAK

Singapore hotels 51% full in Feb, room revenues drop 40%

Figures come ahead of widespread border closures and national lockdowns across the world, as it was in March that WHO declared Covid-19 outbreak a global pandemic

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Market watchers agree that hotel occupancy and revenue are likely to be slashed further in March and April. Singapore began barring all short-term arrivals from March 25.

Singapore

SINGAPORE hotels were only half-filled in February, resulting in a 40 per cent plunge in room revenues, as coronavirus fears threaten to bring the global travel industry to a grinding halt, according to data from the Singapore Tourism Board (STB).

The standard average...

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