Singapore hotel revenue plunges 40 pct in April

Forbes.com, 27 May 2009, The Associated Press
Singapore's hotel revenue plummeted 40 percent in April as owners slashed room rates amid the global drop-off in travel.
Revenue fell to 110 million Singapore dollars ($76 million) from SG$184 million a year earlier and SG$122 million in March, the Singapore Tourism Board said Wednesday.
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