Tag Archives: Singapore Hotels

Bookings for F1 weekend pick up

Posted on 24 Sep 2009 | Comments Off on Bookings for F1 weekend pick up

Trackside hotels’ better showing aided partly by more affordable room rates

Less bad, it seems, is the new good this year.

Bookings for Formula 1 (F1) weekend seem to have accelerated just in the nick of time at the trackside hotels after a dismal showing earlier this year, aided in part by more affordable room rates.

Expectations were also tempered by a sluggish economy, as companies pared corporate hospitality budgets and consumer sentiment took a nosedive.

‘We’re close to what we did last year, which is better than expected given the economic downturn,’ said a spokesperson from the trackside Mandarin Oriental, which will have the Toyota team and management staying at its hotel. Continue reading →

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Lower hotel room rates make S’pore better deal for visitors

Posted on 16 Sep 2009 | Comments Off on Lower hotel room rates make S’pore better deal for visitors

SINGAPORE may be a more attractive travel destination now, after the average hotel rate plummeted as much as 35 per cent year-on-year to US$141 in the first half of this year – the fifth-biggest decline worldwide.

Globally, the average price of a hotel room dropped 17 per cent in H1. Moscow saw the biggest fall in the rate, down 52 per cent to US$218, while Mumbai followed with a 42 per cent drop to US$163.

‘The significant fall in hotel prices in Singapore and the Asia-Pacific makes this region attractive for Singaporean and regional travellers,’ said Johan Svanstrom, managing director of online travel firm Hotels.com Asia Pacific.

For instance, the average room rate in Beijing in H1 2009 was US$111 versus US$162 in H1 2008. Similarly, the average rate in New York was US$196 – almost a third less than the US$281 travellers had to fork out a year earlier.

‘This is by far the most significant movement in prices we’ve seen in five years of publishing the Hotel Price Index (HPI),’ said David Roche, president of Hotels.com Worldwide.

The HPI tracks real prices paid per room by Hotels.com customers, as opposed to advertised rates, to ensure an accurate reflection of hotel prices. Continue reading →

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