The Business Times
business-time-50
SUBSCRIBERS

Strong CNY dining demand at Singapore’s hotels, restaurants despite cost-of-living woes

google-preferred-sourceAdd BT as a preferred source

Benicia Tan

Published Sat, Feb 3, 2024 · 05:00 AM
    • Reunion dinner slots are filling up faster and corporates seem to be spending more, with this being the second Chinese New Year since Covid-19 group-size restrictions were lifted.
    • Reunion dinner slots are filling up faster and corporates seem to be spending more, with this being the second Chinese New Year since Covid-19 group-size restrictions were lifted. PHOTO: PEACH GARDEN GROUP

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    RESTAURANTS and hotels in Singapore have registered stronger Chinese New Year (CNY) dining demand from both families and corporates this year, despite renewed outbound travel and cost-of-living worries.

    Reunion dinner slots are filling up faster and corporates seem to be spending more, said restaurants, with this being the second CNY since Covid-19 group-size restrictions were lifted.

    During last year’s travel resurgence, many restaurants reported muted demand as diners headed overseas.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Chinese New YearSingapore ConsumerSingapore SMEs

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Sales have rebounded in March after the year-end lull and seasonal Chinese New Year pullback.

    Near sell-out launches in March boost developer sales to 1,300 units after four slow months

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More