Singapore second most expensive city to stay in Asia: report

The average rate of a hotel room is $352 (US$260) per night.

A study dubbed Singapore as the second most priciest city to stay in Asia, recording an average of $352 (US$260) for travel accommodation every night. 

FCM Consulting report also showed that Singapore was bested by Tokyo, which has an average rate of $387 (US$286) per night. The third most expensive city is Hong Kong, with $333 (US$246) per night.

Global occupancy for the year-to-date June 2023 was 63.3% which is 96% recovered to 2019. In Asia, India posted the highest occupancy with Mumbai reaching 101%, and New Delhi at 97%, followed by China with Shanghai at 95%, and Beijing at 93%.

Airline seats

The Asia Pacific region documented a rise of 6.9% in domestic seats but is still 22.5% lower when it comes to global seats.

Globally, China Eastern takes the lead at 103%. The next is LATAM and United Airlines at 102%, American Airlines at 99%, and Qantas and Qatar Airways at 98%.

China Eastern Airlines leads in Asia with a 103% forecast, followed by Singapore Airlines at 97% and Cathay Pacific at 72%.

Business class fares

In Asia, the study reported an almost 20% increase in business class fares, with the Middle East reporting the highest increase in business class fares by 29%. It was followed by Australia and New Zealand at 27% and Asia at 19%.

Flights from Shanghai Hongqiao International Airport to Singapore saw the highest increase of 37%, Mumbai to London and Shanghai Pudong International Airport to Singapore saw an increase of 20%.

$1 = US$0.74

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!