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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