Shangri-La Hotel Singapore's UK C&I business has grown by 78.2% year on year to July 2008.
Area manager and general manager Thierry Douin said UK corporate groups generated 818 room night stays at the property in the year to July 2008. This is up from 459 the previous year.
He said C&I business accounted for 23% of the hotel's room revenue, of which the UK market comprised about 7%.
Despite the growth, Douin said the credit crunch was beginning to bite. "2006 and 2007 were record years for most hotels in Singapore because the amount of incoming business increased but the room inventory didn't," he said. "But since April, we have felt that business has softened. Companies are watching their costs."
The property recently installed high-density video conferencing equipment, in an effort to bolster its meetings business.
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