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The Macau Metro Monitor, May 7, 2012

HOTEL ROOM RATES HIT 4-YEAR HIGH IN FEBRUARY 2012 Strait Times

According to preliminary Singapore Tourism Board (STB) statistics, the six-day Singapore Airshow in February helped to push hotel room rates to $302.90 in Singapore, a four-year high.  This is the highest since September 2008's $302.90 when the inaugural Singapore Grand Prix Formula One race was held.  The average occupancy rate was 89%.