Singapore's hotel room rates the third highest in Asia

Singapore is behind Hong Kong and Tokyo.

According to a release, hotel room rates in Singapore are projected to keep increasing in 2013 despite the rest of the Asia Pacific Hotel Market experiencing a period of slow growth this year. The latest annual hotel survey from award-winning international corporate services company Hogg Robinson Group (HRG) shows Singapore’s room rates third highest in the region, behind Hong Kong and Tokyo.

Across the globe, overall rates increased by 1.4%, compared to 1% the previous year. 32 of 55 cities with top hotel rates showed a year on year increase in local currency rate in 2012, compared with just 23 of 55 cities in 2011.

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