Trump-Kim summit is a resounding success...for Singapore's hotels

Hotel occupancy in the Southeast Asian city-state reached 81% in the April-to-June period

The June meeting between US President Donald Trump and North Korean leader Kim Jong Un has proven an unequivocal success -- for Singapore’s hoteliers that is.

Hotel occupancy in the Southeast Asian city-state reached 81 per cent in the April-to-June period, higher than the average 70 per cent in Asia Pacific and Singapore’s best second-quarter rate since 2013, according to research firm STR. The strong performance comes even after growth in Singapore’s hotel room supply, the consultancy said in an email.

In terms of revenue per available room, June was Singapore’s strongest month in the quarter, rising 6.9 per cent