Singapore hotel rooms becoming less expensive

Marina Bay, Singapore.

Marina Bay, Singapore. Image by Nicolas Lannuzel / CC BY-SA 2.0

It may be one of the world’s priciest cities, but Singapore hotel room rates have actually dropped in recent years according to the latest Hotel Price Index (HPI). Between 2013 and 2014 the city registered a nine per cent drop in average room rate (ARR), which has experienced a steady decline since 2012. ARR in 2014 was S$239, down from S$263 and S$264 in 2013 and 2012 respectively. Asia was the only region to experience an overall fall, while the index rose in North America, Europe, the Caribbean, the Middle East, and Latin America. Read more:

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