According to the latest Hotel Price Index from Hotels.com, Malaysia has, albeit unsurprisingly, emerged as the most affordable country for travellers from Singapore.
Among all the cities analysed, Malaysia experienced the highest average hotel price decrease in Asia (12 per cent) to S$119 (US$84), based on average hotel prices paid by travellers from Singapore in 1H2015 compared with the same period last year.
In terms of cities, local travellers achieved greatest value at Genting Highlands (S$81), which saw the largest decrease with a 15 per cent fall. Kuala Lumpur (S$118) came in second with a 14 per cent decrease.
Hotels in Singapore also experienced a nine per cent fall in average hotel prices paid by domestic travellers, making staycations now more affordable for locals.
“Asia has consistently proven to be the region where travellers can enjoy luxury-for-less travel options. Malaysia’s proximity to Singapore and the recent depreciation of the Malaysian ringgit has positioned the country as an attractive and convenient travel destination for both shorthaul and longhaul trips,” said Katherine Cole, regional director, Australia, New Zealand and Singapore at Hotels.com.