Hotels feel the burn as Singapore tourism drops by 4.3 per cent

TopNesws.in, 13 Feb 2010
There was an overall slump of 28.3 per cent from a year earlier in the room revenue for Singapore's hotels in 2009 and it was 1.51 billion Singapore dollars.
The tourism board is to present its forecast for 2010 in March, Aw said, adding that "we expect the growth momentum from the last quarter 2009 to continue."
To restore the fortunes of Singapore's ailing tourism industry, hopes are mainly laid on two new multibillion-dollar casino resorts, designed to attract visitors from across the Asia-Pacific region. Full Story