Singapore's Tourism Drive Leaves Room for Hotel Stocks to Grow
By Jonathan Cheng
Word Count: 856 | Companies Featured in This Article: CDL Hospitality Trusts, City Developments
As Singapore invests in its future as a tourism hub, buying into a chunk of the city-state's hotel business might be a smart way to play that growth.
Two large resorts built around casinos will open in 2009 and 2010. The properties will compete mainly with Macau for regional gambling and recreation dollars. Next year, Singapore will begin hosting a Formula One Grand Prix.
Singapore's attractions already draw a good crowd. Last year, the country of 4.5 million people welcomed 9.7 million visitors. But it is hoping to really pack them in during the next few years. Arrivals could reach ...
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