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Hotel room rates hit 4-year high in Singapore

The six-day Singapore Airshow in February helped to push hotel room rates in Singapore to a four-year high.

Tourists paid an average room rate of USD218 that month, according to preliminary Singapore Tourism Board (STB) statistics obtained by The Straits Times.

This is the highest since September 2008’s USD241. The inaugural Singapore Grand Prix Formula One race was held that month.

(Source: Jakarta Globe )