Supply blamed for projected decline in Singapore market

11/20/2012 | Reuters

Experts say that Hong Kong may beat out Singapore's occupancy rates next year because it does not have as many hotels launching. "We will see a slight drop in occupancy rate [in Singapore] mainly due to new supply that is about to come on board in 2013," said Jonas Ogren of STR Global.

View Full Article in:


Published in Briefs: