SINGAPORE: The hotel industry is experiencing some softness this year, in
line with the sluggish growth in tourist arrivals, but luxury hotels are bucking
the trend and pulling off strong growth, according to the Business
Times.
A slump in visitor arrivals from Singapore’s second-biggest source
market, China, is dragging down overall tourist numbers while increased
competition from new hotels is contributing to a challenging environment for the
hotel industry. — Reuters
This article first appeared in
The Edge Financial Daily, on August 12, 2014.
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