The best may be over for Singapore's booming hotel market as tightening corporate budgets and bank job cuts leave more luxury rooms empty, crimping profits at firms such as CDL Hospitality Trusts. Singapore runs neck-and-neck with Hong Kong for the title of the world's busiest hotel market, with both boasting occupancy rates that exceeded 85 percent for 2011, according to the two cities' tourism boards. That's higher than in global tourist hot spots such as New York and London . Hong Kong's occupancy rate may pull ahead of Singapore's in 2013, largely because it has fewer new  hotels  slated to open. If Singapore's demand stays lukewarm next year, as many hotel operators expect, room rates and profits will slip. "We will see a slight drop in occupancy rate (in Singapore) mainly due to new supply that is about to come on board in 2013," said Jonas Ogren, Asia director at hotel data provider STR Global , based in Singapore. "In Hong Kong,...