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Singapore Hotel Prices Hit 10-Year High as City Roars Back to Life (Bloomberg)

Hotel rooms in Singapore are now the most expensive in almost a decade as the city-state seeks to position itself as the tourism and business destination in Asia with a slew of high-profile events lined up for the coming months. At S$259 ($184) a night, the average hotel room rate in July rose nearly 70% year-on-year to the highest since Sept. 2012, as visitor arrivals continue to accelerate amid easing Covid-19 restrictions, the latest data from the Singapore Tourism Board showed.

Even as prices climb, luxurious stays in the Southeast Asian nation are still cheaper than in some of its big-city peers. 

A five-star hotel in Singapore charges an average of S$344

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