SINGAPORE - May Face Shortage Of Hotels In Coming Years

Singapore may face a shortage of hotel rooms in the coming years as the supply won't be sufficient to meet visitor arrival projections by the city-state's tourism authority, Jones Lang LaSalle Hotels said Monday. "We estimate about 9,830 rooms to be added to the industry up to 2010. (If) tourist arrivals double to 17 million in 2015 as targeted by the Singapore Tourism Board, we will need another 20,000 rooms to meet this massive influx," Chee Hock Yean, an executive vice president at JLL Hotels, said at a briefing.

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