SG Morning Call｜Every Singaporean Household Will Get S$500; Hotel Room Rates and Revenue Stay Flat in November

Tiger Newspress01-04

1.27 Million Singaporean Households to Get S$500 CDC Vouchers Each From Jan 3

Every Singaporean household now has S$500 in their pockets to help with daily expenses.

From Jan 3, these households can claim S$500 worth of Community Development Council (CDC) vouchers, which can be used at participating supermarkets and heartland businesses.

Launching the latest voucher scheme at Jalan Besar Community Club on Jan 3, Deputy Prime Minister Lawrence Wong said the Ministry of Finance is now working on Budget 2024 and is studying ways to provide additional support for Singaporeans.

Singapore Hotel Room Rates, Revenue Stay Flat in November

Average room rates (ARR) and other key measures for Singapore hotels in November were either flat or slightly down from the month before, the latest data from the Singapore Tourism Board showed.

The latest figures came as international visitor arrivals fell for the fourth straight month to around 1.1 million in November from about 1.12 million arrivals in October, a dip of approximately 2.3 percent.

Govinda Singh, Colliers’ executive director and head of hotels and leisure and real estate advisory, said November’s figures suggest that average rate growth may have peaked for most hotel segments – at least for now – as consumers grow more price-conscious.

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Comments

SGREIT Champ
01-04
SGREIT Champ
Will Hospitality Trusts be affected from here after strong growth for the past many mths ?
Success88
01-04
Success88
Yes $500 richer now

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