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Business

Home-sharing clouds recovery prospects for Singapore hotels

Government to consider rules, safeguards for short-term rentals

SINGAPORE (Nikkei Markets) -- Singapore's hotel industry is starting to recover after three years of declining room rates as the number of visitors to the city-state continues to rise.

Hotel owners such as CDL Hospitality Trusts, Far East Hospitality Trust and OUE Hospitality Trust, which have released encouraging results for the September quarter, could also benefit from the expected drop in new supply entering the market.

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