Investors flock to Singapore to meet growing demand

Investors are gravitating to Singapore because of a high number of leisure an corporate visitors and a scarcity of properties to buy. According to Businessweek, tourist arrivals in Singapore are set to hit a record high, and daily room rates are outpacing those in Tokyo and Hong Kong.

"Eleven hotels valued at S$2.45 billion ($1.95 billion) were sold in Singapore last year, four times the total in 2012, according to deals tracked by property broker Savills Plc.," the article reports. 

Visitor arrivals are set to grow by as much as 8 percent from 2013, and revenue may climb by as much as 5 percent, according to the Singapore Tourism Board.

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Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.
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