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.

Ben Oh

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Benjamin Oh