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Singapore hit by fall in tourism

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.


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