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Singapore Hotel Room Rates Hit Six-Year High as Tourism Recovers

The weekend crowd at Lau Pa Sat's Satay Street in Singapore, on July 9.
The weekend crowd at Lau Pa Sat's Satay Street in Singapore, on July 9.Photographer: Lauryn Ishak/Bloomberg

Singapore’s hotel room rates surged last month to the highest in almost six years as tourism makes a recovery in the city-state after the government eased coronavirus measures. 

The average rate in June was S$238.32 ($171), the highest since September 2016, according to data from the Singapore Tourism Board. That represents a 63% increase from a year earlier, when quarantine rules were still in place.