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Wan LixinOpinion deputy editor of Shanghai Daily
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Singapore hit by fall in tourism
Source: Agencies |
May 28, 2009, Thursday
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Print Edition
Print Edition
SINGAPORE'S hotel revenue plummeted 40 percent in April as owners slashed room rates amid the global drop-off in travel.
Revenue fell to S$110 million (US$76 million) from S$184 million a year earlier and S$122 million in March, the Singapore Tourism Board said yesterday.
Singapore's mainstay industries - tourism, manufacturing and finance - have all been battered by the global economic slowdown.
The government expects the economy to contract as much as 9 percent this year.
Revenue fell to S$110 million (US$76 million) from S$184 million a year earlier and S$122 million in March, the Singapore Tourism Board said yesterday.
Singapore's mainstay industries - tourism, manufacturing and finance - have all been battered by the global economic slowdown.
The government expects the economy to contract as much as 9 percent this year.
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