Singapore hotels 51% full in Feb 2020, room revenues plunge 40%: STB

The Business Times | Mar 27, 2020 at 12:00 AM
  • SINGAPORE hotels were only half-filled in February, resulting in a 40 per cent plunge in room revenues, as coronavirus fears threaten to bring the global travel industry to a grinding halt.
  • Large hotels, defined by STB as those with more than 300 rooms, appear to be the worst hit in occupancy rate at 51.4 per cent, representing a year-on-year drop of 39.5 percentage points.
  • Medium-sized hotels that have between 101 and 299 rooms were moderately affected in comparison.