Singapore Hotels the Most Expensive in Asia

Singaporeans paid an average of Sin$244 for a hotel room night in their own country in 2010, representing a 29% increase over 2009, according to the latest Hotels.com Hotel Price Index.

With the highest increase for hotel prices paid worldwide, Singapore ranks the fourth most expensive country globally for hotel rooms in 2010. The top three countries are Switzerland (Sin$258), France (Sin$256) and the United Kingdom (Sin$253).

When comparing cities within Asia however, it is a little surprising to not see Hong Kong towards the very top, instead Singapore was the most expensive city in Asia for hotel rooms in 2010 according to Hotels.com. Sydney (Sin$220) and Tokyo (Sin$199) were the second and third most expensive cities respectively.

Johan Svanstrom, Vice President and Managing Director for Hotels.com Asia Pacific said, “It is no surprise that hotel prices in Singapore are high, but the year-on-year increase of 29% in prices paid last year in Singapore is staggering. Clearly, the hike is fueled by very robust travel demand and growth. Singapore continues to be very attractive as a tourist destination especially with the growing number of attractions, and greater accessibility with low-cost carriers flying to and from the city. In addition, high-end accommodation in Singapore such as the Integrated Resorts continues to increase in popularity among leisure and corporate travellers alike.”

Singaporean travellers were the savviest spenders on hotel rooms when they travelled abroad but the biggest spenders when at home, according to the Hotels.com Hotel Price Index. In 2010, Singaporeans paid an average of Sin$177 per night on hotel rooms overseas but Sin$244 on hotel rooms in Singapore.

“This definitely comes expected, especially with the ‘staycation’ trend in Singapore. Affluent Singaporeans are now more willing to part with their money for a relaxing and luxurious stay in a domestic hotel,” said Johan.

See also: Singapore Visitor Arrivals in 2010

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