Inbound traffic for this market has stabilised but not without tweaks in pricing and marketing approach. The regional crisis has led to closer monitoring of business trends and developments in Singapore, a regional hub for many multinational corporations. However, corporate travellers are watching their budgets and spending more time seeking value for money through cheaper airfares and better accommodation. Anglo-French Travel, which specialises in meetings and incentive groups into Singapore, has seen business strengthen, even though 70 per cent of its business comes from the Asia Pacific. The only thing is that due to the foreign exchange differences, the market has been particularly rate-sensitive as customers negotiate harder for special deals.
Arrivals are up in the first quarter.
We have an edge because our style of product and consistency in facilities and service levels. We are strong both in our property as a unique city-resort as well as our brand as a group.