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Tourists surging to Singapore help push hotel deals to record

Bloomberg
Bloomberg12/11/2019 04:12 PM GMT+08  • 2 min read
Tourists surging to Singapore help push hotel deals to record
(Dec 11): Hotel deals in Singapore are set for a record amid a surge in tourist arrivals buoyed by people wanting to avoid the protests in Hong Kong.
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(Dec 11): Hotel deals in Singapore are set for a record amid a surge in tourist arrivals buoyed by people wanting to avoid the protests in Hong Kong.

Hospitality transaction volumes were an unprecedented $5.7 billion as of Nov 30, according to preliminary figures from Colliers International Group Inc, about five times 2018 and the most in at least a decade.

A record 5 million visitors came to the island in the third quarter, led by tourists from Greater China, Singapore Tourism Board data show. That brought arrivals so far this year to 15.8 million.

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