Hotel supply to grow 2% in 2019

Expansion of Marina Bay Sands and Resorts World Sentosa to boost the sector.

The total existing hotel supply is anticipated to grow by 2% or an additional 1,400 rooms by the end of 2019, according to a report by JLL. There are currently over 68,000 hotel rooms in the city.

The tourism sector in the city is expected to have a boost in the medium to long term, given the expansion of Marina Bay Sands and Resorts World Sentosa, the completion of an eco-tourism hub in Mandai by 2023, and the development of the Greater Southern Waterfront announced August that will include private and public accommodations, offices, entertainment attractions and resort.

The compound annual growth rate (CGR) for hotel supply is expected to slow to 0.7% from end-2019 to end-2022, from 4.2% during end-2015 to end-2018.

The market-wide revenue per available room (RevPAR) stayed at $186 in year-to-date (YTD) July 2019, according to the Singapore Tourism Board (STB). Occupancy reached 93.8%, the highest ever recorded by STB.

Also read: Hotel RevPAR hits $273.25 for 12 months ending July

RevPAR for upscale and midscale & economy hotels rose 1.2% during the same period, but luxury hotels posted a 1.5% fall.

Transaction volume for hotel investments in Singapore totalled $1.7b for YTD September 2019.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia