One of the largest inbound operators to Singapore, global hospitality and leisure distributor GTA has bucked a downward trend in the destination’s tourism industry in the first half of the year, which has resulted in significant softening in hotel occupancy and average daily rates compared to 2013. With international visitor arrivals falling by 2.8 per cent in the first half of 2014, the softening is being attributed to a combination of weakening arrivals from China, lower demand for corporate travel, and a surplus of supply leading to greater price competition.Continue Reading...
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