The Heart of the Matter

The competition between these two bustling travel hubs goes beyond finance; hotel occupancy rates are emerging as a critical barometer of each destination’s global allure.

By the Numbers: A Closer Look

- **Singapore’s Q1 hotel occupancy:** 77% - **Hong Kong’s Q1 hotel occupancy:** 73% - **Average daily rate in Singapore:** $314 (with luxury hotels reporting record revenue per available room) - **Average daily rate in Hong Kong:** $204 (mid-tier hotels are faring well, yet the luxury segment struggles)