S'pore room rates down 9% last year: Hotels.com

Singapore

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 Hotels.com 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.