Singapore, the most prosperous country in the world, has been given the epithet of ‘the garden city’. This island country is famous for its parks, gardens, cleanliness and skyscrapers, which had attracted tourists from all over the world. Going through reviews of several tourist destinations, I along with my friends made up my mind to have a trip to Singapore. We booked the room in one of the discount hotels in Singapore. They offered us good discount for the extended stay and group staying.
We were impressed by the comfortable lodging provided by them with several facilities such as private bathroom, clean rooms, timely house keeping services, telephone, television etc… and moreover its location in proximity to several tourist destinations was marvelous. There were many tourists’ spots within the walking range from our hotel, which filled our trip with fun and excitement.
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Inflation is hitting and it’s hitting hard. Apart from the retail industry relatively, almost all other industries are suffering dearly in the face of the global inflation and recession, more so the US economy. The US hospitality industry is suffering loses in three key parameters in the financial year 2008-09 as compared to the previous year. As per STR the industry’s revenue fell 13.2% per available room as compared to that of 2007. The occupancy rate also fell 11.6 % and the average daily rate dropped 1.7%. Interestingly the budget hotels in the countries like India are not suffering to this extent, as these hotels also fulfill the business parameters and business is only growing in India, thanks to industrialization and foreign investment. As for example, the rising number of business hotels in Bangalore the IT capital of India shows that the business or the budget sector of the industry is not suffering that much. The Bangalore hotels also have a certain advantage owing to the climate conditions and growing business.
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