Singapore: Hotel Market

By Benjamin Oh on March 22, 2019

MR Singapore Hotel Market 1

Singapore’s tourism industry performed significantly better in 2018, with visitor arrivals exceeding earlier forecasts and its hotels reversing a persistent downward trend. Visitor arrivals hit a record 18.5 million, driving occupancy levels (86 percent) that helped raise RevPAR to SGD189. As the Singapore hotel market enters a period of compression and supply growth remains slow, how will the market respond to the changed dynamics? Benjamin Oh from Horwath HTL Singapore provides the lowdown.

About the author

Benjamin Oh boh@horwathhtl.com